Publication Type
Journal Article
Version
publishedVersion
Publication Date
2-2023
Abstract
This study examines Chinese corporations’ responses to a sudden natural disaster in terms of their philanthropic donations. We apply Polanyi’s double movement perspective to argue that rapid market expansion in an emerging economy causes social problems such as large-income disparities and environmental degradation. This calls forth counterforces advocating social responsibility and sustainability. Such countermovements can be strengthened by a major disaster, especially in the domain of corporate philanthropy. The resulting increase in corporate philanthropy persists long after the disaster, especially for those firms with large intra-firm pay disparities, operating in socially contested industries and located in regions with more social foundations. Using the context of China’s 2008 Wenchuan earthquake, we find support for these arguments in a sample of Chinese public firms.
Keywords
China, corporate philanthropy, double movement perspective, natural disasters
Discipline
Asian Studies | Strategic Management Policy
Research Areas
Strategy and Organisation
Publication
Management and Organization Review
Volume
19
Issue
1
First Page
98
Last Page
137
ISSN
1740-8776
Identifier
10.1017/mor.2022.40
Publisher
Cambridge University Press
Citation
WAN, Guoguang; WANG, Heli; GENG, Xuesong; and HUANG, Kenneth G..
Natural disasters and corporate philanthropy: A double movement perspective. (2023). Management and Organization Review. 19, (1), 98-137.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/7182
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/10.1017/mor.2022.40