Too Little or Too Much? Reexamining the Relationship between Corporate Charitable Giving and Corporate Financial Performance

• Main Authors: WANG, Heli, CHOI, Jaepil, LI, Jiatao
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Business Law, Public Responsibility, and Ethics; Corporate Finance; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1732; https://ink.library.smu.edu.sg/context/lkcsb_research/article/2731/viewcontent/ReexaminingCorporate_CharitableGiving_2005.pdf
• Institution: Singapore Management University

How do corporate charitable contributions affect corporate financial performance? Instrumental stakeholder theory posits that corporate giving can lead to high levels of corporate financial performance through improved stakeholder relations. In contrast, agency theory suggests that corporate giving...