IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v50y2018i2p266-287.html
   My bibliography  Save this article

Geographies of corporate philanthropy: The Northern Rock Foundation

Author

Listed:
  • Neill Marshall
  • Stuart Dawley
  • Andy Pike
  • Jane Pollard

Abstract

The paper contributes to literature on the geographies of corporate philanthropy through a case study of the origins, growth and decline of the Northern Rock bank's charitable foundation. Analysis reveals the complex, geographically-embedded nature of philanthropic motivations and impacts. It demonstrates that investment in home and community by philanthropists was part of a regionally-inscribed business-model of excessive risk taking that brought them considerable personal financial rewards. It highlights tensions and conflicts between corporate philanthropists and professional grant-makers over the scale and regional focus of giving. The paper concludes that the positive outcomes of corporate philanthropy are difficult to sustain in disadvantaged regions where shifts in corporate strategy and fragilities in the local economy undermine charitable giving.

Suggested Citation

  • Neill Marshall & Stuart Dawley & Andy Pike & Jane Pollard, 2018. "Geographies of corporate philanthropy: The Northern Rock Foundation," Environment and Planning A, , vol. 50(2), pages 266-287, March.
    • Handle: RePEc:sae:envira:v:50:y:2018:i:2:p:266-287
    DOI: 10.1177/0308518X17746405
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0308518X17746405
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0308518X17746405?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stuart Dawley & Neill Marshall & Andy Pike & Jane Pollard & John Tomaney, 2014. "Continuity and Evolution in an Old Industrial Region: The Labour Market Dynamics of the Rise and Fall of Northern Rock," Regional Studies, Taylor & Francis Journals, vol. 48(1), pages 154-172, January.
    2. Institute on Global Conflict and Cooperation, 2004. "IGCC 2003-2004 Annual Report," Institute on Global Conflict and Cooperation, Working Paper Series qt3wv6t9wm, Institute on Global Conflict and Cooperation, University of California.
    3. Alan Muller & Gail Whiteman, 2009. "Exploring the Geography of Corporate Philanthropic Disaster Response: A Study of Fortune Global 500 Firms," Journal of Business Ethics, Springer, vol. 84(4), pages 605-605, February.
    4. Jamie Peck & Nik Theodore, 2012. "Follow the Policy: A Distended Case Approach," Environment and Planning A, , vol. 44(1), pages 21-30, January.
    5. Andreoni, James, 1990. "Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving?," Economic Journal, Royal Economic Society, vol. 100(401), pages 464-477, June.
    6. Unknown, 2004. "Annual Meeting of Agricultural Economists," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-2, September.
    7. anonymous, 2004. "Annual profile of the Twelfth District, 2004," Western economic developments, Federal Reserve Bank of San Francisco, issue Mar, pages 1-5.
    8. Unknown, 2004. "Annual Meeting of Geographers," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-1, June.
    9. Acs, Zoltan J & Phillips, Ronnie J, 2002. "Entrepreneurship and Philanthropy in American Capitalism," Small Business Economics, Springer, vol. 19(3), pages 189-204, November.
    10. Pier Luigi Sacco & Guido Ferilli & Giorgio Tavano Blessi & Massimiliano Nuccio, 2013. "Culture as an Engine of Local Development Processes: System-Wide Cultural Districts I: Theory," Growth and Change, Wiley Blackwell, vol. 44(4), pages 555-570, December.
    11. Pratham, 2015. "Annual Status of Education Report (Rural) 2014," Working Papers id:6398, eSocialSciences.
    12. Ron Martin & Andy Pike & Peter Tyler & Ben Gardiner, 2016. "Spatially Rebalancing the UK Economy: Towards a New Policy Model?," Regional Studies, Taylor & Francis Journals, vol. 50(2), pages 342-357, February.
    13. anonymous, 2004. "Annual notice of asset-size exemption threshold," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Win, pages 56-57.
    14. R. A. Schwartz, 1968. "Corporate Philanthropic Contributions," Journal of Finance, American Finance Association, vol. 23(3), pages 479-497, June.
    15. מחקר - ביטוח לאומי, 2004. "Annual Survey 2002-2003," Working Papers 21, National Insurance Institute of Israel.
    16. John KAY, 1991. "The Economics Of Mutuality," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 62(3), pages 309-318, July.
    17. Radha K. Shiwakoti & John K. Ashton & Kevin Keasey, 2004. "Conversion, Performance and Executive Compensation in UK Building Societies," Corporate Governance: An International Review, Wiley Blackwell, vol. 12(3), pages 361-370, July.
    18. Card, David & Hallock, Kevin F. & Moretti, Enrico, 2010. "The geography of giving: The effect of corporate headquarters on local charities," Journal of Public Economics, Elsevier, vol. 94(3-4), pages 222-234, April.
    19. Pier Luigi Sacco & Guido Ferilli & Giorgio Tavano Blessi & Massimiliano Nuccio, 2013. "Culture as an Engine of Local Development Processes: System-Wide Cultural Districts II: Prototype Cases," Growth and Change, Wiley Blackwell, vol. 44(4), pages 571-588, December.
    20. Arthur Gautier & Anne-Claire Pache, 2015. "Research on Corporate Philanthropy: A Review and Assessment," Journal of Business Ethics, Springer, vol. 126(3), pages 343-369, February.
    21. J. N. Marshall & A. Pike & J. S. Pollard & J. Tomaney & S. Dawley & J. Gray, 2012. "Placing the run on northern rock," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 157-181, January.
    22. Andy Pike & Danny MacKinnon & Andrew Cumbers & Stuart Dawley & Robert McMaster, 2016. "Doing Evolution in Economic Geography," Economic Geography, Taylor & Francis Journals, vol. 92(2), pages 123-144, April.
    23. Francesco Perrini & Clodia Vurro & Laura A. Costanzo, 2010. "A process-based view of social entrepreneurship: From opportunity identification to scaling-up social change in the case of San Patrignano," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 22(6), pages 515-534, October.
    24. Alan Muller & Gail Whiteman, 2009. "Exploring the Geography of Corporate Philanthropic Disaster Response: A Study of Fortune Global 500 Firms," Journal of Business Ethics, Springer, vol. 84(4), pages 589-603, February.
    25. J.Cook & S.Deakin & A.Hughes, 2001. "Mutuality and Corporate Governance: The Evolution of UK Building Societies Following Deregulation," Working Papers wp205, Centre for Business Research, University of Cambridge.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael A. Urban & Dariusz Wójcik, 2019. "Dirty Banking: Probing the Gap in Sustainable Finance," Sustainability, MDPI, vol. 11(6), pages 1-23, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arthur Gautier & Anne-Claire Pache, 2015. "Research on Corporate Philanthropy: A Review and Assessment," Journal of Business Ethics, Springer, vol. 126(3), pages 343-369, February.
    2. Neill Marshall & Stuart Dawley & Andy Pike & Jane Pollard & Mike Coombes, 2019. "An evolutionary perspective on the British banking crisis," Journal of Economic Geography, Oxford University Press, vol. 19(5), pages 1143-1167.
    3. Lei Xu & Xiaoning Guo & Yan Liu & Xiaochen Sun & Jie Ji, 2022. "How Does Corporate Charitable Giving Affect Enterprise Innovation? A Literature Review and Research Directions," Sustainability, MDPI, vol. 14(23), pages 1-21, November.
    4. Sincoff, Michael Z. & Slonaker, William M. & Wendt, Ann C., 2006. "Retaliation: The form of 21st century employment discrimination," Business Horizons, Elsevier, vol. 49(6), pages 443-450.
    5. Lin Zhang & Yuehua Xu & Honghui Chen, 2022. "Do Returnee Executives Value Corporate Philanthropy? Evidence from China," Journal of Business Ethics, Springer, vol. 179(2), pages 411-430, August.
    6. Hanwen Chen & Siyi Liu & Xin Liu & Daoguang Yang, 2022. "Adversity Tries Friends: A Multilevel Analysis of Corporate Philanthropic Response to the Local Spread of COVID-19 in China," Journal of Business Ethics, Springer, vol. 177(3), pages 585-612, May.
    7. Houqe, Muhammad Nurul & van Zijl, Tony & Karim, A.K.M. Waresul & George, Thomas St, 2021. "The value relevance of corporate donations," Pacific-Basin Finance Journal, Elsevier, vol. 66(C).
    8. Xueyan Dong & Jingyu Gao & Sunny Li Sun & Kangtao Ye, 2021. "Doing extreme by doing good," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 291-315, March.
    9. Viola Fabi & Maria Pilar Vettori & Emilio Faroldi, 2021. "Adaptive Reuse Practices and Sustainable Urban Development: Perspectives of Innovation for European Historic Spa Towns," Sustainability, MDPI, vol. 13(10), pages 1-24, May.
    10. Sunday Oladipo Oladeji & Oyeniran Grace & Akeju Ayobami Ayodeji, 2022. "Community Participation in Conservation and Management of Cultural Heritage Resources in Yoruba Ethnic Group of South Western Nigeria," SAGE Open, , vol. 12(4), pages 21582440221, October.
    11. Buscema, Massimo & Ferilli, Guido & Gustafsson, Christer & Massini, Giulia & Sacco, Pier Luigi, 2022. "A nonlinear, data-driven, ANNs-based approach to culture-led development policies in rural areas: The case of Gjakove and Peć districts, Western Kosovo," Chaos, Solitons & Fractals, Elsevier, vol. 162(C).
    12. Asatryan, Zareh & Joulfaian, David, 2022. "Taxes and Business Philanthropy in Armenia," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 914-930.
    13. Won-Yong Oh & Young Kyun Chang & Gyeonghwan Lee & Jeongil Seo, 2018. "Intragroup Transactions, Corporate Governance, and Corporate Philanthropy in Korean Business Groups," Journal of Business Ethics, Springer, vol. 153(4), pages 1031-1049, December.
    14. Kiyoung Chang & Jean Kabongo & Ying Li, 2021. "Geographic proximity, long-term institutional ownership, and corporate social responsibility," Review of Quantitative Finance and Accounting, Springer, vol. 56(1), pages 297-328, January.
    15. Mark LeClair & Kelly Gordon, 2000. "Corporate Support for Artistic and Cultural Activities: What Determines the Distribution of Corporate Giving?," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 24(3), pages 225-241, August.
    16. Diasakos, Theodoros M & Neymotin, Florence, 2013. "Coordination in Public Good Provision: How Individual Volunteering is Impacted by the Volunteering of Others," SIRE Discussion Papers 2013-119, Scottish Institute for Research in Economics (SIRE).
    17. Yu, Yin & Chi, Jing, 2021. "Political embeddedness, media positioning and corporate social responsibility: Evidence from China," Emerging Markets Review, Elsevier, vol. 47(C).
    18. Diogo Hildebrand & Yoshiko DeMotta & Sankar Sen & Ana Valenzuela & Laura PeracchioEditor & Gita JoharEditor & Jaideep SenguptaAssociate Editor, 2017. "Consumer Responses to Corporate Social Responsibility (CSR) Contribution Type," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 44(4), pages 738-758.
    19. Cowan, Adrian & Huang, Chia-Hsing & Padmanabhan, Prasad, 2016. "Why do some US manufacturing and service firms with international operations choose to give internationally whereas others opt to give only in the United States?," International Business Review, Elsevier, vol. 25(1), pages 408-418.
    20. Cowan, Adrian & Huang, Chia-Hsing & Padmanabhan, Prasad & Wang, Chi-Hui, 2013. "The determinants of foreign giving: An exploratory empirical investigation of US manufacturing firms," International Business Review, Elsevier, vol. 22(2), pages 407-420.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:50:y:2018:i:2:p:266-287. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.