@article{9248ede6e65f468aad945d4e56660331,
title = "Good Deeds Earn Chits? Evidence from Philanthropic Family Controlled Firms",
author = "Li-Hsun Wang and Chu-Hsiung Lin and Kao, {Erin H.} and Hung-Gay Fung",
note = "Li-Hsun Wang Chu-Hsiung Lin Erin H. Kao Hung-Gay Fung This study examines whether charitable family controlled firms have lower default risk. Using Taiwan data that provide clear information about firms' benevolent intention and avoid endogeneity issue of risk and charitable activities, we show that charitable family controlled firms have lower default risk, which is proxied by value-at-risk and expected shortfall measures.",
year = "2017",
month = oct,
day = "1",
doi = "10.1007/s11156-016-0607-8",
language = "American English",
volume = "49",
journal = "Review of Quantitative Finance and Accounting",
}