Corporate charitable giving, multinational companies and countries of concern
AbstractThis paper investigates the degree to which corporate charitable giving is influenced by a firm’s internationalisation and/or whether it has operations in one or more countries of concern. For a sample of large UK firms, we find evidence of a positive effect not for internationalisation per se, but only for a presence in particular countries. In this connection, the salient country characteristic is a lack of political rights and/or civil liberties, and the positive impact on charitable giving is restricted to a presence in only those countries that are, according to Freedom House indicators, most lacking in this respect.
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Bibliographic InfoPaper provided by Henley Business School, Reading University in its series Economics & Management Discussion Papers with number em-dp2008-61.
Length: 27 pages
Date of creation: 13 Nov 2008
Date of revision:
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Corporate philanthropy; multinationals; controversy; corruption;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-17 (All new papers)
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- Najah Attig & Narjess Boubakri & Sadok El Ghoul & Omrane Guedham, . "International Diversification and Corporate Social Responsibility," Finance Working Papers 12-11/2013, School of Business and Management, American University of Sharjah.
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