Does Corporate Charitable Giving Help Sustain Corporate Performance in China?

Wang, Keling; Miao, Yaqiong; Su, Ching‐Hui; Chen, Ming‐Hsiang; Wu, Zhongjun; Wang, Tie

doi:10.3390/su11051491

Cited by 11 publications

(9 citation statements)

References 48 publications

(165 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…To the best of our knowledge, no prior study has explored the moderating effect of DMD on the relationship between corporate philanthropy and strategic outcomes or financial performance. The existing literatures have assumed implicitly that the firms conduct philanthropic donation through the same channel (Chen et al , 2018; Wang et al , 2019;Wang and Qian, 2011). As a matter of fact, a firm may have several options in terms of channels to donate, such as through corporate foundation, the Red Cross of China, TV media and other private charitable organizations (He and Wang, 2020).…”

Section: Discussionmentioning

confidence: 99%

Corporate social responsibility and access to bank loan: how much and how to give both matter

Sun

et al. 2020

View full text Add to dashboard Cite

Purpose This paper aims to investigate the inverse U-shape relationship between DM and accessing loans from the banks and explore the moderating effect of donation mode diversity. Design/methodology/approach Based on a survey dataset of 1,036 private firms in China, we use a Heckman two-stage estimation model to test hypothesizes. Findings The results show an invert U-shape relationship between donation magnitude and access to bank loan. The authors also find that donation mode diversity will positively moderate donation magnitude–bank loan relationship: the positive effect of donation magnitude will be stronger for the private firms using multiple channels of philanthropic donation. Originality/value This paper extends the literatures by examining how philanthropic donation behaviors in form of donation magnitude (how much to give) and donation mode diversity (how to give) influence private firms’ loan borrowed from the bank, an important but largely ignored stakeholder. Therefore, it suggests that both the amount and the channels of philanthropic donation could have significant roles in the efficiency of achieving strategic outcomes of corporate philanthropy.

show abstract

Section: Discussionmentioning

confidence: 99%

Corporate social responsibility and access to bank loan: how much and how to give both matter

Sun

et al. 2020

View full text Add to dashboard Cite

show abstract

“…The study stated that a company that is aware of its social responsibility and supports good causes in society is a reward for the company. Research Wang et al (2019) corporate reputation is a collective representation of a company's past actions and future prospects, including paying attention to stakeholders and fulfill their social responsibilities. Research by Esteban-Sanchez et al (2017) states that companies that are considered to have good CSP by stakeholders will increase their reputation among their main stakeholders and more easily achieve greater CFP.…”

Section: The Association Between Corporate Social Performance and Cor...mentioning

confidence: 99%

“…From a resource-based theory perspective, this study explains the relationship between corporate social performance and corporate reputation. According to Wang et al (2019) investing company resources in social activities can have internal benefits by improving corporate performance and helping companies to develop new resources and capabilities related to company knowledge and culture. As a result, investing in social and disclosure activities has important consequences on the creation or depletion of underlying intangible resources.…”

Section: Introductionmentioning

confidence: 99%

Testing The Determinants Of Corporate Reputation And Their Impact On Market Valuation

Limbunan

Daromes

2022

Jurnal Akuntansi

View full text Add to dashboard Cite

This study examines model of the determinants of corporate reputation, namely managerial ability and corporate social performance and their impact on market valuation. Theoretical model is built based on Resource-based theory and signaling theory. Population of this study are all companies listed on the Indonesia Stock Exchange in 2017 – 2020. The results of this study indicate that there is an influence between managerial ability and corporate social performance on corporate reputation. This study also finds that corporate reputation has an effect on market valuation, however, both managerial ability and corporate social performance have no effect on market valuation. Subsequent testing shows that corporate reputation mediates the relationship between managerial ability and corporate social performance on market valuation.

show abstract

“…Tobin's Q is often used to estimate the creation of new outcomes [1] or the future performance of a CBMA [114] and displays both the return of a firm's strategy and its predicted outcome [115]. Chen and Lin [116] and Wang, et al [117] incorporated Tobin's Q by measuring the corporate performance to address the future growth opportunities of observed firms. Since we evaluate the absorptive capacity's effect on future financial performance in terms of CBMA sustainability, we have also adopted Tobin's Q by following their study.…”

Section: Tq T = MV T /Rv Tmentioning

confidence: 99%

Acquirer’s Absorptive Capacity and Firm Performance: The Perspectives of Strategic Behavior and Knowledge Assets

2020

View full text Add to dashboard Cite

In this study, we underline the importance of the relationship between absorptive capacity and an acquiring firm’s post-merger performance following the acquisition of a target firm’s knowledge through cross-border mergers and acquisitions (CBMAs). We analyzed CBMAs between developed countries to highlight how realized absorptive capacity plays a crucial part in a firm’s achievement of CBMA sustainability. Using United States CBMA transactions with other developed countries during 2000–2014, our findings suggest that an acquiring firm’s greater absorptive capacity leads to better post-merger performance. More interestingly, compared to for domestic M&As, the direct effect between absorptive capacity and post-merger performance was found to be more positively related in CBMA transactions, even when we applied propensity-score matching (PSM) and Heckman’s selection model to the same estimation. In addition, we introduce four moderating variables that could either intensify or lessen a firm’s effort to seek external knowledge for organizational growth. In terms of an acquiring firm’s strategic behavior, we find that paying in cash and past CBMA experiences positively influence a firm’s post-merger performance. For a target firm’s knowledge assets, we show that when a target firm possesses more strategic assets, they reinforce the acquiring firm’s post-merger performance, and when the target firm is in a high-tech industry, the acquiring firm’s post-merger performance is weakened. Our study contributes to the CBMA literature by incorporating the concept of a knowledge-based view and by empirically testing the different effects of absorptive capacity between domestic M&A and CBMA and how both strategic behavior and a target firm’s knowledge assets affect a firm’s post-merger performance related to CBMA sustainability.

show abstract

Does Corporate Charitable Giving Help Sustain Corporate Performance in China?

Cited by 11 publications

References 48 publications

Corporate social responsibility and access to bank loan: how much and how to give both matter

Corporate social responsibility and access to bank loan: how much and how to give both matter

Testing The Determinants Of Corporate Reputation And Their Impact On Market Valuation

Acquirer’s Absorptive Capacity and Firm Performance: The Perspectives of Strategic Behavior and Knowledge Assets

Contact Info

Product

Resources

About