Does Firm Size Influence The Relationship Between CSR And Capital Structure?

This study examines the influence of corporate social responsibility (CSR) on capital structure (LEV) 331 companies listed twenty emerging markets for periods 2005-2019. The LEV is measured by total liabilities divided assets. CSR performance proxied environmental, and governance (ESG) ratings obtained from Thomson Reuters DataStream. firm size introduced as a potential moderator relationship. analysis results showed that there no direct evidence effects LEV. Moreover, negatively significantly moderates relationship between (GPS) (SPS) Additionally, profitability significantly, asset tangibility positively related to Our confirm facilitates financing through debt small medium decreases cost equity large companies. These findings are consistent with recent studies.