The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Jaepil Choi - One of the best experts on this subject based on the ideXlab platform.
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too little or too much untangling the relationship between corporate Philanthropy and firm financial performance
Organization Science, 2008Co-Authors: Heli Wang, Jaepil ChoiAbstract:What is the relationship between corporate Philanthropy and corporate financial performance? Some scholars argue that corporate Philanthropy facilitates stakeholder cooperation and helps secure access to critical resources controlled by those stakeholders, suggesting that corporate Philanthropy should be positively associated with corporate financial performance. In contrast, other scholars take a negative stance, suggesting that corporate Philanthropy diverts valuable corporate resources and tends to inhibit corporate financial performance. Existing empirical studies have not found conclusive evidence on the corporate Philanthropy--financial performance relationship. Integrating and extending existing perspectives, this study develops the argument that the relationship between corporate Philanthropy and financial performance is best captured by an inverse U-shape. In addition, it posits that the inverse U-shaped relationship varies with the level of dynamism in firms' operational environment. Using a panel data set of 817 firms listed in the Taft Corporate Giving Directory from 1987 to 1999, we find strong support for these arguments.
Heli Wang - One of the best experts on this subject based on the ideXlab platform.
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corporate Philanthropy and corporate financial performance the roles of stakeholder response and political access
Academy of Management Journal, 2011Co-Authors: Heli Wang, Cuili QianAbstract:Corporate Philanthropy is expected to positively affect firm financial performance because it helps firms gain sociopolitical legitimacy, which enables them to elicit positive stakeholder responses...
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too little or too much untangling the relationship between corporate Philanthropy and firm financial performance
Organization Science, 2008Co-Authors: Heli Wang, Jaepil ChoiAbstract:What is the relationship between corporate Philanthropy and corporate financial performance? Some scholars argue that corporate Philanthropy facilitates stakeholder cooperation and helps secure access to critical resources controlled by those stakeholders, suggesting that corporate Philanthropy should be positively associated with corporate financial performance. In contrast, other scholars take a negative stance, suggesting that corporate Philanthropy diverts valuable corporate resources and tends to inhibit corporate financial performance. Existing empirical studies have not found conclusive evidence on the corporate Philanthropy--financial performance relationship. Integrating and extending existing perspectives, this study develops the argument that the relationship between corporate Philanthropy and financial performance is best captured by an inverse U-shape. In addition, it posits that the inverse U-shaped relationship varies with the level of dynamism in firms' operational environment. Using a panel data set of 817 firms listed in the Taft Corporate Giving Directory from 1987 to 1999, we find strong support for these arguments.
Barbara R Bartkus - One of the best experts on this subject based on the ideXlab platform.
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having giving and getting slack resources corporate Philanthropy and firm financial performance
Business & Society, 2004Co-Authors: Bruce Seifert, Sara A Morris, Barbara R BartkusAbstract: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.
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comparing big givers and small givers financial correlates of corporate Philanthropy
Journal of Business Ethics, 2003Co-Authors: Bruce Seifert, Sara A Morris, Barbara R BartkusAbstract:In a departure from the traditional studies of corporate Philanthropy that focus on board composition, advertising, and social networks, the authors investigate the financial correlates of corporate Philanthropy. The research design controls for firm size and industry while observing firms from a variety of industries. The sample contains matched pairs of generous and less generous corporate givers. The authors find, as hypothesized, a positive relationship between a firm's cash resources available and cash donations, but no significant relationship between corporate Philanthropy and firm financial performance, regardless of whether corporate Philanthropy is measured as cash payouts or the aggregate contributions that charities actually receive, and regardless of whether financial performance is gauged using accounting measures or market measures. Whereas the link between available resources and corporate Philanthropy is well accepted in the literature on corporate social responsibility, it has been rarely tested and never so definitively found as in this research.
Fiona Murray - One of the best experts on this subject based on the ideXlab platform.
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evaluating the role of science Philanthropy in american research universities
University of Chicago Press, 2013Co-Authors: Fiona MurrayAbstract:Executive SummaryPhilanthropy plays a major role in university-based scientific, engineering, and medical research in the United States, contributing over $4 billion annually to operations, endowment, and buildings devoted to research. When combined with endowment income, university research funding from science Philanthropy is $7 billion a year. This major contribution to US scientific competitiveness comes from private foundations as well as gifts from individuals. From the researcher’s perspective, analysis in this paper demonstrates that science Philanthropy provides almost 30% of the annual research funds of those in leading universities. And yet science Philanthropy has been largely overshadowed by the massive rise of federal research funding and, to a lesser extent, industry funding. Government and industry funding have drawn intensive analysis, partly because their objectives are measurable: governments generally support broad national goals and basic research, while industry finances projects lik...
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evaluating the role of science Philanthropy in american research universities
Social Science Research Network, 2012Co-Authors: Fiona MurrayAbstract:Philanthropy plays a major role in university-based scientific, engineering and medical research in the United States contributing over $4Billion annually to operations, endowment and buildings devoted to research. When combined with endowment income, university research funding from science Philanthropy is $7Billion a year. This major contribution to U.S. scientific competitiveness comes from private foundations as well as gifts from wealthy individuals. From the researcher's perspective, analysis in this paper demonstrates that science Philanthropy provides almost 30% of the annual research funds of those in leading universities. And yet science Philanthropy has been largely overshadowed by the massive rise of Federal research funding and, to a lesser extent, industry funding. Government and industry funding have drawn intensive analysis, partly because their objectives are measureable: governments generally support broad national goals and basic research, while industry finances projects likely to contribute directly to useful products. In contrast, Philanthropy's contribution to overall levels of scientific funding, and, more importantly, the distribution of Philanthropy across different types of research is poorly understood. To fill this gap, we provide the first empirical evaluation of the role of science Philanthropy in American research universities. The documented extent of science Philanthropy and its strong emphasis on translational medical research raises important questions for Federal policymakers. In determining their own funding strategies, they must no longer assume that their funding is the only source in shaping some fields of research, while recognizing that Philanthropy may ignore other important fields.
Eleanor Shaw - One of the best experts on this subject based on the ideXlab platform.
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exploring contemporary entrepreneurial Philanthropy
International Small Business Journal, 2013Co-Authors: Eleanor Shaw, Charles Harvey, Jillian Gordon, Mairi MacleanAbstract:Research beyond the field of entrepreneurship has long observed the involvement of super-wealthy entrepreneurs in large-scale philanthropic endeavours, while the world’s media has endowed them with celebrity-like status. However, entrepreneurial Philanthropy is largely absent from the entrepreneurship research literature. This article addresses this gap both theoretically and empirically. It proposes capital theory as an appropriate theoretical lens through which to view contemporary entrepreneurial Philanthropy, and to present fresh evidence relating to successful, wealthy entrepreneurs involved in significant philanthropic ventures. The findings highlight the active deployment of a distinctive blend of different forms of capital as a defining feature of entrepreneurial Philanthropy, and contribute to emerging discourses regarding the nature of entrepreneurs, entrepreneurship as a socio-economic process and the sparse empirical analyses on entrepreneurial elites.
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andrew carnegie and the foundations of contemporary entrepreneurial Philanthropy
Business History, 2011Co-Authors: Charles Harvey, Jillian Gordon, Mairi Maclean, Eleanor ShawAbstract:This paper focuses upon the relationship between the business and philanthropic endeavours of world-making entrepreneurs; asking why, how and to what ends these individuals seek to extend their reach in society beyond business. It presents an original model of entrepreneurial Philanthropy which demonstrates how investment in philanthropic projects can yield positive returns in cultural, social and symbolic capital, which in turn may lead to growth in economic capital. The model is applied to interpret and make sense of the career of Andrew Carnegie, whose story, far from reducing to one of making a fortune then giving it away, is revealed as more complex and more unified. His Philanthropy raised his stock within the field of power, helping convert surplus funds into social networks, high social standing and intellectual currency, enabling him to engage in world making on a grand scale.
