Too Little or Too Much? Untangling the Relationship Between Corporate Philanthropy and Firm Financial Performance

By Heli Wang, Jaepil Choi, Jiatao Li. Organ. Sci., 2008

633 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a95597d3daea9810ea5919c9ff1f4d4183ccd755

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Citations in the corpus

Complementary or Substitutive Effects? Corporate Governance Mechanisms and Corporate Social Responsibility (2018, methodology): “We also controlled for current ratio and debt-to-asset ratio as indicators of organizational slack, following previous studies (e.g., H. Wang et al., 2008).”
Is Institutional Ownership Related to Corporate Social Responsibility? The Nonlinear Relation and Its Implication for Stock Return Volatility (2015, neutral): “Considering countervailing forces simultaneously, Wang et al. (2008) propose an inverse U-shaped relationship between corporate philanthropy and financial performance.”
A decade's debate on the nexus between corporate social and corporate financial performance: a critical review of empirical studies 2002–2011 (2014, methodology): “…models have been employed such as the lag regression model (used by most studies), the two-stage least squares analysis (Makni et al., 2009; Wang et al., 2008a), the partial least squares model (Brammer et al., 2005), the structural equation model (Bruce et al., 2004; Chang and Kuo; 2008,…”
Financial resource availability and corporate social responsibility expenditures in a sub‐Saharan economy: The institutional difference hypothesis (2013, methodology): “CSR expenditure as a percentage of firm size, equity, as well as its natural log, are frequently used measures in the literature (Amato and Amato, 2007; Brammer and Millington, 2004, 2008; Navarro, 1988; Wang, Choi, and Li, 2008).”
A Meta-Analytic Review of Corporate Social Responsibility and Corporate Financial Performance (2016, methodology): “For example, local communities may provide a philanthropic firm with tax breaks or favorable terms for using local infrastructure (H. Wang et al., 2008).”
Can doing good lead to doing poorly? Firm value implications of CSR in the face of CSI (2017, background): “However, these studies often end up with surprisingly insignificant effects, because stakeholders may prefer more easily interpretable information than it is provided on the level of CSR domains (Jayachandran et al. 2013; Wang et al. 2008).”
A Review of the Nonmarket Strategy Literature (2016, neutral): “More recent CSR-related studies have investigated the performance outcomes of the agency conflicts involved in pursuing social and environmental objectives (e.g., Barnea & Rubin, 2010; H. Wang et al., 2008).”
An empirical investigation of environmental performance and the market value of the firm (2010, positive): “profltability growth. Our results are supported by Wang, Choi, and Li (2008) , who document”
Is Doing Good Good for You? How Corporate Charitable Contributions Enhance Revenue Growth (2009, neutral): “A recent study by Wang, Choi, and Li (2008) does directly examine the effect of giving on financial performance.”