Political Connection, Ownership Structure, and Corporate Philanthropy in China: A Strategic-Political Perspective

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• 作者：Sihai Li ; Xianzhong Song ; Huiying Wu
• 关键词：Corporate social responsibility ; Corporate philanthropy ; Political interference ; Political connection ; Ownership type
• 刊名：Journal of Business Ethics
• 出版年：2015
• 出版时间：June 2015
• 年：2015
• 卷：129
• 期：2
• 页码：399-411
• 全文大小：574 KB
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• 作者单位：Sihai Li (1)
  Xianzhong Song (1)
  Huiying Wu (2)
  
  1. School of Management, Jinan University, Guangzhou, China
  2. School of Business, University of Western Sydney, Penrith South DC, NSW, Australia
  
• 刊物类别：Humanities, Social Sciences and Law
• 刊物主题：Philosophy
  Ethics
  Economic Growth
  Management
  Quality of Life Research
  
• 出版者：Springer Netherlands
• ISSN：1573-0697

文摘

This paper investigates whether philanthropic giving decisions and amount of charitable giving are related to firms-political connections and ownership type. To this end, Chinese firms listed on either the Shenzhen or Shanghai stock exchange between 2004 and 2011 are examined, where government interference in the business sector is prevalent, state ownership structure is dominant, and corporate political connections prevail. Our analyses show (1) a significant and positive relationship between political connections and the likelihood and extent of firm contributions; (2) a significant and negative relationship between state ownership and extent of firm contributions; and (3) a stronger relationship between political connections and corporate philanthropy in non-state-owned firms. These findings with regard to the relationship between corporate giving, political connections, and ownership type have important implications for understanding corporate giving behavior in China and in emerging markets in general.