The Impact of Public Scrutiny on Corporate Philanthropy
AbstractThis paper proposes that a corporationâ€™s vulnerability to public scrutiny drives its corporate giving. The hypothesis that companies donate for strategic motives is tested against the alternative that they do so for altruistic reasons. Court cases and news articles were selected as proxies for public scrutiny. Macroeconomic variables were used to gauge the level of public charitable need and test for altruism. Through examining the philanthropic behavior of 40 Fortune 500 companies over 7Â years, this paper finds that companies are strategic and altruistic in their giving. Copyright Springer 2006
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Bibliographic InfoArticle provided by Springer in its journal Journal of Business Ethics.
Volume (Year): 69 (2006)
Issue (Month): 3 (December)
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Web page: http://www.springerlink.com/link.asp?id=100281
altruism; corporate giving; corporate philanthropy; strategic philanthropy; D64; G34;
Find related papers by JEL classification:
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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