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| 1 |
ID:
190165
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| Summary/Abstract |
This article explores how young elite urban professionals and fresh graduates in Mumbai and Delhi are fostering diverse aspirations of service, entrepreneurship and charting new professional mobilities through volunteering opportunities at a well-known corporate-supported non-governmental organisation (NGO), the Teach for India (TFI) programme. Mostly with commerce, engineering and management educational backgrounds, the TFI intervention operates as a nodal site for these elite youth to not just serve underprivileged children through ‘acts of compassion’ but also channel their experiences to understand the education system and reinvigorate it through corporate management values of enterprise and performance. Through examining the trajectories of these individuals, I foreground the nascent terrain of technocratic expertise being shaped through an interlinked collective of corporate NGOs that have become prominent in advising the Delhi state government, under the leadership of the Aam Aadmi Party (AAP), to improve public education through discourses of enterprise and performance.
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| 2 |
ID:
182724
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| Summary/Abstract |
This paper investigates the impact of economic policy uncertainty (EPU) on the corporate philanthropy (CP) behaviors of firms using a dataset from Chinese A-share listed firms. We find that, on average, firms decrease their CP significantly when economic policy uncertainty increases, but the response is heterogeneous for firms with different ownership types. Compared with their counterparts, private firms are willing to contribute more donations in an environment with high economic policy uncertainty. Further analysis shows that private firms take on more other types of corporate social responsibility at the same time, and private firms' additional CP in a high EPU environment is rewarded with more subsidies, indicating that altruistic and political motives may play important roles in driving the CP behaviors of private firms. There is no evidence that private firms selling products directly to consumers are more likely to engage in additional CP. Our findings indicate that the main motivation behind Chinese private firms' additional CP under high economic policy uncertainty is seeking more government resources, instead of keeping consumers loyal by maintaining good reputations during hard periods.
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| 3 |
ID:
110016
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| Publication |
2012.
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| Summary/Abstract |
This paper studies the market reactions to corporate philanthropic giving in response to the 12 May 2008 Wenchuan earthquake in Sichuan, China. Based on a sample of 136 Chinese listed companies, our results indicate a significant and positive seven-day cumulative abnormal rise in the share prices of those companies making donations compared to those not making donations. Both timeliness and the amount of philanthropic giving generate significant market reactions, confirming Godfrey's assertion that corporate philanthropy can be perceived as a genuine manifestation of firms' underlying desire to raise their market values. However, when the sample firms are divided into two groups, government controlled and non-government controlled, Godfrey's assertion is challenged by our empirical results which show different market responses to the two different types of companies.
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| 4 |
ID:
161388
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| Summary/Abstract |
This article examines a 1980s initiative of a family-owned Israeli bank in support of culture and the arts as part of its community outreach efforts. It shows that despite its strategic aims and reliance on the principles of modern marketing and public relations, the initiative combined these newer ideas of corporate philanthropy with the bank owners’ longstanding family tradition of philanthropy, charitable giving, and public engagement.
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| 5 |
ID:
157685
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| Summary/Abstract |
Our paper draws upon the literature of corporate financial performance and ethical decision-making to examine how corporate past profits and individual characteristics work together to influence corporate philanthropy. We refute the mediation model in the literature and propose the moderation model instead. Our analysis shows that firms’ prior financial performance is a critical determinant of corporate giving. Furthermore, being a male entrepreneur strengthens the positive relationship between firms’ past profits and corporate giving, whereas education weakens such relationship. Our study advances the research of corporate philanthropy and ethical decision-making as well.
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