Graduate studies at Western
Journal of Business Ethics 40 (1):47 - 60 (2002)
|Abstract||Some scholars have argued that CEOs may have excessive influence on their foundation's trustees to give away a portion of company profits to charitable causes in order to gain access to elite circles or support the CEO's personal causes. This may result in charitable contributions that ultimately serve the personal interests of the CEOs without regard to corporate interests or social needs. We examine the extent that CEOs appear to direct charitable giving to be compatible with their own personal interests, and if CEO participation on the foundation board affects the relationship between CEO personal interests and charitable giving. Using a sample of 160 corporate foundations, our results showed that CEOs' interests, as measured by membership in different non-profit organizations, was associated with foundation charitable giving. This association decreased, but was not eliminated, when CEOs were absent from the foundation board. Implications of these findings for researchers and managers are discussed in regards to both agency theory and stewardship theory.|
|Keywords||agency theory corporate philanthropy|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Annika Beelitz & Doris M. Merkl-Davies (2012). Using Discourse to Restore Organisational Legitimacy: 'CEO-Speak' After an Incident in a German Nuclear Power Plant. [REVIEW] Journal of Business Ethics 108 (1):101-120.
Mel Perel (2003). An Ethical Perspective on CEO Compensation. Journal of Business Ethics 48 (4):381-391.
Robert J. Williams & J. Douglas Barrett (2000). Corporate Philanthropy, Criminal Activity, and Firm Reputation: Is There a Link? [REVIEW] Journal of Business Ethics 26 (4):341 - 350.
Valérie Petit & Helen Bollaert (2012). Flying Too Close to the Sun? Hubris Among CEOs and How to Prevent It. Journal of Business Ethics 108 (3):265-283.
Robert J. Williams (2003). Women on Corporate Boards of Directors and Their Influence on Corporate Philanthropy. Journal of Business Ethics 42 (1):1 - 10.
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.
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).
Robert Kolb & Jeffrey Moriarty (2011). Dialogue - CEO Compensation. Business Ethics Quarterly 21 (4):679-691.
Margaret Exley (2007). Managing CEO Succession: New Models for a New Era. International Journal of Business Governance and Ethics 3 (2):139-149.
Daniel J. Slater & Heather R. Dixon-Fowler (2009). Ceo International Assignment Experience and Corporate Social Performance. Journal of Business Ethics 89 (3):473 - 489.
Added to index2009-01-28
Total downloads8 ( #131,816 of 739,352 )
Recent downloads (6 months)1 ( #61,538 of 739,352 )
How can I increase my downloads?