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
Bruce Seifert, Sara A. Morris & Barbara R. Bartkus (2003). Comparing Big Givers and Small Givers: Financial Correlates of Corporate Philanthropy. [REVIEW] Journal of Business Ethics 45 (3):195 - 211.
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Citations of this work BETA
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 123 (2):1-22.
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.
Min Zhang, Lijun Ma, Jun Su & Wen Zhang (2014). Do Suppliers Applaud Corporate Social Performance? Journal of Business Ethics 121 (4):543-557.
Shuo Wang, Yuhui Gao, Gerard P. Hodgkinson, Denise M. Rousseau & Patrick C. Flood (2015). Opening the Black Box of CSR Decision Making: A Policy-Capturing Study of Charitable Donation Decisions in China. Journal of Business Ethics 128 (3):665-683.
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