RT Article
T1 Comparing Big Givers and Small Givers: Financial Correlates of Corporate Philanthropy
JF Journal of business ethics
VO 45
IS 3
SP 195
OP 211
A1 Seifert, Bruce
A1 Morris, Sara A.
A1 Bartkus, Barbara R.
A2 Morris, Sara A.
A2 Bartkus, Barbara R.
LA English
YR 2003
UL https://ixtheo.de/Record/1785619764
AB 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.
K1 Strategic Management
K1 Financial Performance
K1 Corporate Philanthropy
K1 cash flow
K1 Agency Theory
DO 10.1023/A:1024199411807