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Media coverage, family ownership, and corporate philanthropic giving: evidence from China

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  • Du, Xingqiang
  • Pei, Hongmei
  • Du, Yingjie
  • Zeng, Quan

Abstract

Using a sample of Chinese family firms during the period of 2004–2010, we examine the influence of media coverage on corporate philanthropic giving and the moderating role of family ownership. Specifically, we document that media coverage is significantly positively associated with corporate philanthropic giving, suggesting that media coverage as an informal system plays an important role in motivating Chinese family firms to establish business ethics, shape socially responsible images, and enhance corporate philanthropy. Moreover, family ownership attenuates the positive association between media coverage and corporate philanthropic giving. Our findings are robust to a variety of sensitivity tests and are still valid after controlling for the potential endogeneity between media coverage and corporate philanthropy. Our study is one of few studies to investigate the impact of media coverage on corporate philanthropic giving in an emerging market.

Suggested Citation

  • Du, Xingqiang & Pei, Hongmei & Du, Yingjie & Zeng, Quan, 2016. "Media coverage, family ownership, and corporate philanthropic giving: evidence from China," Journal of Management & Organization, Cambridge University Press, vol. 22(2), pages 224-253, March.
    • Handle: RePEc:cup:jomorg:v:22:y:2016:i:02:p:224-253_00
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    Cited by:

    1. Min Huang & Xiaobo Li & Jun Xia & Mengyao Li, 2024. "Does Confucianism Prompt Firms to Participate in Poverty Alleviation Campaigns?," Journal of Business Ethics, Springer, vol. 189(4), pages 743-762, February.
    2. Benjiang Ma & Yanlin Wang & Zhifang Zhou & Yu Lai & Zhongmin Zhou & Muhammad Farhan Bashir, 2022. "Can controlling family involvement promote firms to fulfill environmental responsibilities?—Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 569-592, March.
    3. Leonidou, Leonidas C. & Eteokleous, Pantelitsa P. & Christodoulides, Paul & Strømfeldt Eduardsen, Jonas, 2023. "A dynamic capabilities perspective to socially responsible family business: Implications on social-based advantage and market performance," Journal of Business Research, Elsevier, vol. 155(PA).
    4. Christoph Stock & Laura Pütz & Sabrina Schell & Arndt Werner, 2024. "Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field," Journal of Business Ethics, Springer, vol. 190(1), pages 199-259, February.

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