Journal article
Corporate philanthropy and tunneling: Evidence from China
Journal of Business Ethics, Vol.150(1), pp.135-157
2016
Abstract
This paper examines the association between corporate philanthropy and tunneling by controlling shareholders. Using a unique dataset from China, the paper finds evidence that firms donating more are less likely to tunnel. The negative association between philanthropy and tunneling is stronger when firms are faced with more severe agency conflicts, as indicated by lower largest shareholding, fewer growth opportunities, lower state ownership, and weaker product market competition. The results suggest that companies engaging in philanthropy have incentives to enhance their reputations and improve their relationships with stakeholders.
Details
- Title
- Corporate philanthropy and tunneling: Evidence from China
- Authors/Creators
- J. Chen (Author/Creator)W. Dong (Author/Creator)J. Tong (Author/Creator)F. Zhang (Author/Creator)
- Publication Details
- Journal of Business Ethics, Vol.150(1), pp.135-157
- Publisher
- Kluwer Academic Publishers
- Identifiers
- 991005540181207891
- Copyright
- © 2016 Springer Science+Business Media Dordrecht
- Murdoch Affiliation
- School of Management and Governance
- Language
- English
- Resource Type
- Journal article
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites
Metrics
76 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 6 Social Sciences
- 6.3 Management
- 6.3.385 Corporate Social Responsibility
- Web Of Science research areas
- Business
- Ethics
- ESI research areas
- Economics & Business