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| Religion, the Nature of Ultimate Owner, and Corporate Philanthropic Giving: Evidence from China | ||
| 作者 | Du, Xingqiang (著) ; Du, Yingjie (著) ; Feng, Wentao (著) ; Zeng, Quan (著) ; Jian, Wei (著) |
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| 出處題名 | Journal of Business Ethics |
| 卷期 | v.123 n.2 |
| 出版日期 | 2014.08 |
| 頁次 | 235 - 256 |
| 出版者 | Springer |
| 出版者網址 | https://link.springer.com/ |
| 出版地 | Berlin, Germany [柏林, 德國] |
| 資料類型 | 期刊論文=Journal Article |
| 使用語言 | 英文=English |
| 關鍵詞 | Religion; Corporate philanthropic giving; The nature of ultimate owner; State-owned ecterprises; China |
| 摘要 | Using a sample of Chinese listed firms for the period of 2004-2010, this study examines the impact of religion on corporate philanthropic giving. Based on hand-collected data of religion and corporate philanthropic giving, we provide strong and robust evidence that religion is significantly positively associated with Chinese listed firms' philanthropic giving. This finding is consistent with the view that religiosity has remarkable effects on individual thinking and behavior, and can serve as social norms to influence corporate philanthropy. Moreover, religion and corporate philanthropic giving have a significantly weaker (less pronounced) positive association for state-owned enterprises than for non-state-owned enterprises. The results are robust to a variety of sensitivity tests. Our results highlight religious influence on corporate philanthropic giving in contemporary China, an old traditional country with a typical communist economy. |
| 目次 | Abstract 235 Keywords 235 Introduction 235 Institutional Background and Hypotheses Development 236 Institutional Background 236 Hypotheses Development 237 Empirical Models Specification and Variables 238 The Potential Endogeneity Between Corporate Philanthropic Giving and Religion 238 Empirical Model Specification for Hypothesis 1 239 Empirical Model Specification for Hypothesis 2 240 The Measurement of Religious Variables 240 The Measurement of Corporate Philanthropic Giving 241 Sample and Descriptive Statistics 241 Identification of Sample 241 Discussion on Sample Selection 241 Descriptive Statistics and Person Correlation Analysis 242 Empirical Results 244 The First-Stage OLS Regression Results 244 Multivariate Test of Hypotheses 1 and 2 246 Robustness Checks 247 Robustness Checks Using Different Religious Variables 247 Further Tests Using an Alternative Proxy for the Dependent Variable 247 Robustness Checks Using Reduced Sample Excluding Observations in the Year of 2008 249 Robustness Checks Based on Film-Year Observations Before 2004 249 Conclusions 251 Appendix: variable definitions 253 References 254 |
| ISSN | 01674544 (P); 15730697 (E) |
| 點閱次數 | 47 |
| 建檔日期 | 2023.10.27 |
| 更新日期 | 2023.10.27 |
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