Publication Type
Journal Article
Version
acceptedVersion
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
Citation
CHOI, Jaepil and WANG, Heli.
The Promise of a Managerial Values Approach to Corporate Philanthropy. (2007). Journal of Business Ethics. 75, (4), 345-359.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/3453
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1007/s10551-006-9257-4
Included in
Business Law, Public Responsibility, and Ethics Commons, Organizational Behavior and Theory Commons, Strategic Management Policy Commons