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Having, Giving, and Getting: Slack Resources, Corporate Philanthropy, and Firm Financial Performance
Business and Society 43 (2):135-161 (2004)
Abstract
This study investigates financial correlates of corporate philanthropy in Fortune 1000 companies using structural equation modeling. The results suggest that cash flow (one of the most discretionary types of organizational slack) has a significant impact on a firm’s cash donations to charitable causes, but monetary donations do not affect firm financial performance. These findings support the accepted view of corporate philanthropy as a discretionary social responsibility and the traditional thinking about firm giving in the business and society literature—that doing well enables doing good. Contrary to some contemporary thinking, the findings imply no significant effect on profits from corporate generosity.My notes
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Citations of this work
The worth of values – a literature review on the relation between corporate social and financial performance.Pieter van Beurden & Tobias Gössling - 2008 - Journal of Business Ethics 82 (2):407-424.
Research on Corporate Philanthropy: A Review and Assessment.Arthur Gautier & Anne-Claire Pache - 2015 - Journal of Business Ethics 126 (3):343-369.
Institutional Logics in the Study of Organizations: The Social Construction of the Relationship between Corporate Social and Financial Performance.Marc Orlitzky - 2011 - Business Ethics Quarterly 21 (3):409-444.
Political Connection, Ownership Structure, and Corporate Philanthropy in China: A Strategic-Political Perspective.Huiying Wu, Xianzhong Song & Sihai Li - 2015 - Journal of Business Ethics 129 (2):399-411.
Under Positive Pressure: How Stakeholder Pressure Affects Corporate Social Responsibility Implementation.Diana Ingenhoff, Katharina Spraul & Bernd Helmig - 2016 - Business and Society 55 (2):151-187.
References found in this work
The Corporate Social Performance and Corporate Financial Performance Debate.John F. Mahon - 1997 - Business and Society 36 (1):5-31.
The Corporate Social Performance and Corporate Financial Performance Debate.Jennifer J. Griffin & John F. Mahon - 1997 - Business and Society 36 (1):5-31.
The Corporate Social-Financial Performance Relationship.Lee E. Preston & Douglas P. O'Bannon - 1997 - Business and Society 36 (4):419-429.
A Brand New Brand of Corporate Social Performance.Tim Rowley & Shawn Berman - 2000 - Business and Society 39 (4):397-418.
Philanthropy as strategy when corporate charity “begins at home”.David H. Saiia, Archie B. Carroll & Ann K. Buchholtz - 2003 - Business and Society 42 (2):169-201.
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