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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2017
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| Subjects: | |
| 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 |