Corporate donations and shareholder value

Corporate donations and shareholder value

Do corporate donations enhance shareholder wealth or reflect agency problems? We address this question for a global sample of firms whereby we distinguish between charitable and political donations, as well as between donations in cash and in kind. We find that charitable donations are positively re...

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Bibliographic Details
Main Authors: LIANG, Hao, RENNEBOOG, Luc
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
Corporate social responsibility
corporate philanthropy
charitable donations
political donations
corporate foundation
corporate governance
firm value
Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5337
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6336/viewcontent/SSRN_id2885936.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/5337
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6336/viewcontent/SSRN_id2885936.pdf

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