Frontiers in Psychology 13 (2022)
AbstractAs an important way for enterprises to fulfill social responsibility, corporate philanthropy has attracted much attention from the academic community. But there are still few well-targeted theoretical and empirical studies on what functions the board of directors should perform to better fulfill philanthropic responsibilities. Taking this deficiency as a breakthrough, this study focuses on Chinese state-owned and private enterprises to analyze and test the functions performed by the BOD in CP. Based on the sample of Chinese A-share listed companies from 2008 to 2019, the empirical results show that the BOD of state-owned enterprises mainly performs a monitoring function in CP while that of private enterprises mainly performs a consulting function. The above findings remain valid when potential biases in the quantitative analysis are considered. Further research shows that environmental dynamism and board fault lines inhibit the performance of the above two functions. The contributions of the study include clarifying the functional characteristics of the BOD in CP and its influencing factors, revealing new theories to the formation mechanism of CP, which provide references for enterprises to optimize philanthropic decision-making. The limitation should also be emphasized that our findings are based only on Chinese contexts.
Similar books and articles
The Impact of Operational Diversity on Corporate Philanthropy: An Empirical Study of U.S. Companies. [REVIEW]Jean D. Kabongo, Kiyoung Chang & Ying Li - 2013 - Journal of Business Ethics 116 (1):49-65.
An Empirical Analysis on the Structure of Board of Directors and Firm Performance of Shaanxi Listed Firms.Lin Song - 2005 - Philosophy of the Social Sciences 35 (3):41-45.
Does Corporate Philanthropy Increase Firm Value? The Moderating Role of Corporate Governance.Steve Sauerwald & Weichieh Su - 2018 - Business and Society 57 (4):599-635.
Board diversity and managerial control as predictors of CSP.Betty S. Coffee & Jia Wang - 1998 - Journal of Business Ethics 17 (14):1595-1603.
The Impact of Corporate Tax Avoidance on Board of Directors and CEO Reputation.Roman Lanis, Grant Richardson, Chelsea Liu & Ross McClure - 2019 - Journal of Business Ethics 160 (2):463-498.
Board composition and corporate philanthropy.Jia Wang & Betty S. Coffey - 1992 - Journal of Business Ethics 11 (10):771 - 778.
Board diversity and managerial control as predictors of corporate social performance.Betty S. Coffey & Jia Wang - 1998 - Journal of Business Ethics 17 (14):1595-1603.
Board Composition and Corporate Social Responsibility: An Empirical Investigation in the Post Sarbanes-Oxley Era. [REVIEW]Jason Q. Zhang, Hong Zhu & Hung-bin Ding - 2013 - Journal of Business Ethics 114 (3):381-392.
Structure and Role of the Board of Directors according to the Company Law of Jordan: The Need for Revision.Bashar H. Malkawi - manuscript
Women on Corporate Boards of Directors and Their Influence on Corporate Philanthropy.Robert J. Williams - 2003 - Journal of Business Ethics 42 (1):1 - 10.
Women and Employee-Elected Board Members, and Their Contributions to Board Control Tasks.Morten Huse, Sabina Tacheva Nielsen & Inger Marie Hagen - 2009 - Journal of Business Ethics 89 (4):581-597.
Board Team Leadership Revisited: A Conceptual Model of Shared Leadership in the Boardroom.Maarten Vandewaerde, Wim Voordeckers, Frank Lambrechts & Yannick Bammens - 2011 - Journal of Business Ethics 104 (3):403-420.
A qualitative comparison of the boardroom experiences of US and Norwegian women corporate directors.Diana Bilimoria - 1997 - International Review of Women and Leadership 3 (2):63-76.
Conference on Corporate Governance: Search for the Advanced Practices.Bashar H. Malkawi - 2019 - Conference Proceedings 3.
The Gender Quota and Female Leadership: Effects of the Norwegian Gender Quota on Board Chairs and CEOs. [REVIEW]Mingzhu Wang & Elisabeth Kelan - 2013 - Journal of Business Ethics 117 (3):449-466.
Added to PP
Historical graph of downloads
Sorry, there are not enough data points to plot this chart.
Citations of this work
No citations found.
References found in this work
Corporate Reputation and Philanthropy: An Empirical Analysis.Stephen Brammer & Andrew Millington - 2005 - Journal of Business Ethics 61 (1):29-44.
Research on Corporate Philanthropy: A Review and Assessment.Arthur Gautier & Anne-Claire Pache - 2015 - Journal of Business Ethics 126 (3):343-369.
Board Composition and Corporate Social Responsibility: The Role of Diversity, Gender, Strategy and Decision Making.Kathyayini Rao & Carol Tilt - 2016 - Journal of Business Ethics 138 (2):327-347.
Religion, the Nature of Ultimate Owner, and Corporate Philanthropic Giving: Evidence from China.Xingqiang Du, Wei Jian, Yingjie Du, Wentao Feng & Quan Zeng - 2014 - Journal of Business Ethics 123 (2):1-22.
Board Characteristics and Corporate Social Responsibility: A Meta-Analytic Investigation.Edeltraud M. Guenther, Thomas W. Guenther, Charl de Villiers & Jan Endrikat - 2021 - Business and Society 60 (8):2099-2135.