Author(s): Abir Zouaghi, Mohamed Ali Azouzi
The objective of this study is to investigate the relationship between corporate social responsibility and debt financing acces. After discussing the theoretical link between these types of activities and debt financing, we perform binary logistic regression on the data of 100 Tunisian firms in order to empirically show the effect of CSR on access to debt. Our result indicate a significant and positive relationship between CSR and debt, which means that socially responsible firms access to debt more than other financing modes because CSR improves the reputation of the firm and facilitates their access to debt and therefore improves its ability to acces to debt.