Geographical influences on the relationship between corporate philanthropy and corporate financial performance

Wenzhen Lu (First Author), Heli Wang (Participant Author), Xueji Liang (Participant Author)

Research output: Contribution to journalJournal

5 Citations (Web of Science)

Abstract

Building on stakeholder theory, the paper argues that geographical differences in stakeholders? reactions to corporate philanthropy lead to differences in the relationship between corporate philanthropy and corporate financial performance across regions. When comparing the United States and China and different regions within China, it is found that the differences in stakeholder perceptions (as reflected by sinful industry) and information availability (as indicated by advertising intensity) across regions significantly moderate the corporate philanthropy?corporate financial performance relationship. The findings show that the value of corporate philanthropy varies by region and that stakeholder perception and information availability are two important mechanisms through which corporate philanthropy influences corporate financial performance.
Original languageEnglish
Pages (from-to)1
JournalRegional Studies
Issue numberEarly Access
DOIs
Publication statusPublished - 2019

Corresponding author email

liangxj9@mail.sysu.edu.cn

Project name

National Natural Science Foundation of Guangdong Province

Project sponsor

其他

Project No.

2018A030310342

Keywords

  • corporate financial performance
  • corporate philanthropy
  • geographical influences
  • information availability
  • stakeholder perception

Indexed by

  • ABDC-A*
  • Scopus
  • SSCI

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