The Promise of a Managerial Values Approach to Corporate Philanthropy

The Promise of a Managerial Values Approach to Corporate Philanthropy

This article presents an alternative rationale for corporate philanthropy based on managerial values of benevolence and integrity. On the one hand, top managers with benevolence and integrity values are more likely to spread their intrinsic concern for others into the wider society in the form of co...

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Bibliographic Details
Main Authors: CHOI, Jaepil, WANG, Heli
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2007
Subjects:
corporate financial performance
corporate philanthropy
managerial values
stakeholders
Business Law, Public Responsibility, and Ethics
Organizational Behavior and Theory
Strategic Management Policy
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3453
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4452/viewcontent/Choi_Wang_2007_PromiseOfAManagerialValues.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:This article presents an alternative rationale for corporate philanthropy based on managerial values of benevolence and integrity. On the one hand, top managers with benevolence and integrity values are more likely to spread their intrinsic concern for others into the wider society in the form of corporate philanthropy. On the other hand, top managers high in benevolence and integrity are likely to contribute to improved managerial credibility and trusting firm-stakeholder relationships, thereby improving corporate financial performance. Therefore, the article makes the argument that both corporate philanthropy and corporate financial performance can better be interpreted as resulting from managers’ benevolence and integrity values.

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