This study aims to investigate whether Corporate Social Responsibility (CSR) performance can help companies gain more bank unsecured loans. Additionally, this study analyzes the moderating effect of firm size and industry characteristics. Data was collected through the case of companies listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange in China between 2009 and 2018 with 5373 firmyear observations. The results of multivariable regression analysis show that good CSR performance exhibits a strong positive impact on unsecured debt, including short-term, long-term, and total unsecured debt, which indicates that corporate with good CSR performance can borrow more unsecured debt. further research shows that this effect is more pronounced for small enterprises and firms operating in heavy-polluting industries. Additionally, research on the impact mechanism finds that good CSR performance can help mitigate information asymmetry between borrower and lender, reduce moral hazard of borrower, and obtain support from key stakeholders, and therefore reduces the risk of default. The findings of this study suggest that firms with good CSR performance exhibit a preference for unsecured debt, but decline to provide collateral for debt. Overall, we emphasize and illustrate the important role of corporate CSR in bank credit financing.

Abstract
1. Introduction
2. Literature Review and Hypothesis
    2.1. Literature Review
    2.2. Determinants of Unsecured Debt
    2.3. The Impact of CSR on Unsecured Debt
3. Research Design
    3.1. Sample Selection
    3.2. Baseline Regression Model
    3.3. Data Sources
4. Empirical Results
    4.1. Descriptive Statistics
    4.2. Basic Regression Analysis
    4.3. Cross-Sectional Analyses
    4.4. Mechanism Analysis
    4.5. Additional Analysis
5. Conclusions
References

• Xia CHEN([1] College of Business Administration, University of the Cordilleras, Philippines [2] Lecturer, School of Management, Jiujiang University, China)
• Zhe MA(School of Management, Jiujiang University, China.)
• Jiayu SHI(School of Management, Jiujiang University, China.)
• Bingyan TU(Jiujiang Vocational University, China.)
• Songtao XU(School of Management, Jiujiang University, China) Corresponding Author