David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 45 (3):195 - 211 (2003)
In a departure from the traditional studies of corporate philanthropy that focus on board composition, advertising, and social networks, the authors investigate the financial correlates of corporate philanthropy. The research design controls for firm size and industry while observing firms from a variety of industries. The sample contains matched pairs of generous and less generous corporate givers. The authors find, as hypothesized, a positive relationship between a firm''s cash resources available and cash donations, but no significant relationship between corporate philanthropy and firm financial performance, regardless of whether corporate philanthropy is measured as cash payouts or the aggregate contributions that charities actually receive, and regardless of whether financial performance is gauged using accounting measures or market measures. Whereas the link between available resources and corporate philanthropy is well accepted in the literature on corporate social responsibility, it has been rarely tested and never so definitively found as in this research.
|Keywords||agency theory cash flow corporate philanthropy financial performance strategic management|
|Categories||categorize this paper)|
|Through your library||Configure|
References found in this work BETA
No references found.
Citations of this work BETA
Crawford Spence & Ian Thomson (2009). Resonance Tropes in Corporate Philanthropy Discourse. Business Ethics 18 (4):372-388.
Ran Zhang, Zabihollah Rezaee & Jigao Zhu (2010). Corporate Philanthropic Disaster Response and Ownership Type: Evidence From Chinese Firms' Response to the Sichuan Earthquake. [REVIEW] Journal of Business Ethics 91 (1):51 - 63.
Ran Zhang, Jigao Zhu, Heng Yue & Chunyan Zhu (2010). Corporate Philanthropic Giving, Advertising Intensity, and Industry Competition Level. Journal of Business Ethics 94 (1):39 - 52.
Ma Del Mar García de Los Salmones, Angel Herrero Crespo & Ignacio Rodríguez Del Bosque (2005). Influence of Corporate Social Responsibility on Loyalty and Valuation of Services. Journal of Business Ethics 61 (4):369 - 385.
Louis H. Amato & Christie H. Amato (2012). Retail Philanthropy: Firm Size, Industry, and Business Cycle. [REVIEW] Journal of Business Ethics 107 (4):435-448.
Similar books and articles
Peter A. Stanwick & Sarah D. Stanwick (1998). The Relationship Between Corporate Social Performance, and Organizational Size, Financial Performance, and Environmental Performance: An Empirical Examination. [REVIEW] Journal of Business Ethics 17 (2):195-204.
Betty S. Coffey & Jia Wang (1998). Board Diversity and Managerial Control as Predictors of Corporate Social Performance. Journal of Business Ethics 17 (14):1595-1603.
Minna Halme & Juha Laurila (2009). Philanthropy, Integration or Innovation? Exploring the Financial and Societal Outcomes of Different Types of Corporate Responsibility. Journal of Business Ethics 84 (3):325 - 339.
Carol M. Sánchez (2000). Motives for Corporate Philanthropy in El Salvador: Altruism and Political Legitimacy. [REVIEW] Journal of Business Ethics 27 (4):363 - 375.
Jia Wang & Betty S. Coffey (1992). Board Composition and Corporate Philanthropy. Journal of Business Ethics 11 (10):771 - 778.
Jennifer C. Chen, Dennis M. Patten & Robin W. Roberts (2008). Corporate Charitable Contributions: A Corporate Social Performance or Legitimacy Strategy? [REVIEW] Journal of Business Ethics 82 (1):131 - 144.
Louis H. Amato & Christie H. Amato (2007). The Effects of Firm Size and Industry on Corporate Giving. Journal of Business Ethics 72 (3):229 - 241.
C. Chen Jennifer, M. Patten Dennis & W. Roberts Robin (2008). Corporate Charitable Contributions: A Corporate Social Performance or Legitimacy Strategy? Journal of Business Ethics 82 (1).
Joe M. Ricks & Jacqueline A. Williams (2005). Strategic Corporate Philanthropy: Addressing Frontline Talent Needs Through an Educational Giving Program. [REVIEW] Journal of Business Ethics 60 (2):147 - 157.
Jaepil Choi & Heli Wang (2007). The Promise of a Managerial Values Approach to Corporate Philanthropy. Journal of Business Ethics 75 (4):345 - 359.
Added to index2009-01-28
Total downloads14 ( #95,238 of 1,088,810 )
Recent downloads (6 months)1 ( #69,666 of 1,088,810 )
How can I increase my downloads?