Title

The Promise of a Managerial Values Approach to Corporate Philanthropy

Publication Type

Journal Article

Publication Date

11-2007

Abstract

This article presents an alternative rationale for corporate philanthropy based on managerial values of benevolence and integrity. On the one hand, top managers with benevolence and integrity values are more likely to spread their intrinsic concern for others into the wider society in the form of corporate philanthropy. On the other hand, top managers high in benevolence and integrity are likely to contribute to improved managerial credibility and trusting firm-stakeholder relationships, thereby improving corporate financial performance. Therefore, the article makes the argument that both corporate philanthropy and corporate financial performance can better be interpreted as resulting from managers’ benevolence and integrity values.

Keywords

corporate financial performance, corporate philanthropy, managerial values, stakeholders

Discipline

Business Law, Public Responsibility, and Ethics | Organizational Behavior and Theory | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Journal of Business Ethics

Volume

75

Issue

4

First Page

345

Last Page

359

ISSN

0167-4544

Identifier

10.1007/s10551-006-9257-4

Publisher

Springer

Additional URL

https://doi.org/10.1007/s10551-006-9257-4