CEO and Board Influence on Corporate Philanthropy in China
Conference Proceeding Article
Corporate philanthropy represents an increasingly important firm decision to demonstrate its sense of responsibility to its stakeholders in addition to its shareholders. Using China as the research context, we integrate social identity theory and institutional logic perspective by examining the interactions between the different identifications that chief executive officers (CEOs) and board directors have with the shareholders, stakeholders, and government, which jointly affect firms’ engagement in corporate philanthropy. Using the publicly listed Chinese firms for the period 2007–2013, we find that a CEO’s identity with stakeholders and government promotes the firm’s philanthropic decisions, but their shareholder identification discourages corporate donations. Further, we find that the firm’s engagement in or disengagement from corporate philanthropy is often strengthened when the identifications of the CEO and directors are aligned, but weakened when the identifications of the CEO and directors are mismatched.
board of directors, corporate philanthropy, China
Business Law, Public Responsibility, and Ethics | Organizational Behavior and Theory | Strategic Management Policy
Strategy and Organisation
Academy of Management Proceedings: Annual Meeting 2017, August 4-8, Atlanta
Academy of Management
City or Country
Briarcliff Manor, NY
HU, Helen Wei and YOSHIKAWA, Toru.
CEO and Board Influence on Corporate Philanthropy in China. (2017). Academy of Management Proceedings: Annual Meeting 2017, August 4-8, Atlanta. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/5367