Corporate philanthropic disaster response and ownership type: Evidence from chinese firms' response to the sichuan earthquake [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 91 (1):51 - 63 (2010)
This article examines whether the charitable giving amount and likelihood of firm response to catastrophic events relate to firms' ownership type using a unique dataset of listed firms in China, where state ownership is still prevalent. Based on the data of Chinese firms' response to the 2008 Sichuan earthquake, we find that the extent of corporate contributions for state-owned firms following this disaster is less than that for private firms. State-owned firms are also less likely to respond in this disaster compared to private firms. The results also reveal that firm size, profitability, geography, cash resource available, and leverage affect firms' philanthropic disaster response behavior in China
|Keywords||catastrophic events corporate philanthropy corporate social responsibility ownership type|
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References found in this work BETA
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.
Stephen Brammer, Andrew Millington & Stephen Pavelin (2006). Is Philanthropy Strategic? An Analysis of the Management of Charitable Giving in Large UK Companies. Business Ethics 15 (3):234–245.
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Citations of this work BETA
Kangtao Ye & Ran Zhang (2011). Do Lenders Value Corporate Social Responsibility? Evidence From China. Journal of Business Ethics 104 (2):197-206.
Ming Jia & Zhe Zhang (2013). Critical Mass of Women on BODs, Multiple Identities, and Corporate Philanthropic Disaster Response: Evidence From Privately Owned Chinese Firms. Journal of Business Ethics 118 (2):303-317.
Cuili Qian, Xinzi Gao & Albert Tsang (forthcoming). Corporate Philanthropy, Ownership Type, and Financial Transparency. Journal of Business Ethics.
Xingqiang Du, Wei Jian, Yingjie Du, Wentao Feng & Quan Zeng (2013). Religion, the Nature of Ultimate Owner, and Corporate Philanthropic Giving: Evidence From China. Journal of Business Ethics:1-22.
Kellie Liket & Ana Simaens (2013). Battling the Devolution in the Research on Corporate Philanthropy. Journal of Business Ethics:1-24.
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