Corporate Philanthropy and Tunneling: Evidence from China

Journal of Business Ethics 150 (1):135-157 (2018)
  Copy   BIBTEX

Abstract

This paper examines the association between corporate philanthropy and tunneling by controlling shareholders. Using a unique dataset from China, the paper finds evidence that firms donating more are less likely to tunnel. The negative association between philanthropy and tunneling is stronger when firms are faced with more severe agency conflicts, as indicated by lower largest shareholding, fewer growth opportunities, lower state ownership, and weaker product market competition. The results suggest that companies engaging in philanthropy have incentives to enhance their reputations and improve their relationships with stakeholders.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 90,221

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Corporate Philanthropy Research.Ann K. Buchholtz & Jill A. Brown - 2006 - Proceedings of the International Association for Business and Society 17:70-71.

Analytics

Added to PP
2018-06-06

Downloads
21 (#627,796)

6 months
4 (#315,908)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Dong Wang
Renmin University of China (PhD)