Does the Market Value Corporate Philanthropy? Evidence from the Response to the 2004 Tsunami Relief Effort

By Dennis M. Patten. 2008

198 citations recorded by the source corpus.

Subfields: Communication, Sociology and Political Science, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ab30ffcf82e71e4402d342258a46d1b8abe9fe8d

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Citations in the corpus

In the name of charity: Political connections and strategic corporate social responsibility in a transition economy (2015, background): “, 2009), Return on assets (ROA) measures a firm’s accounting performance (Adams and Hardwick, 1998; Crampton and Patten, 2008; Galaskiewicz, 1997; Patten, 2008; Useem, 1988; Zhang et al., 2009), and book-to-market (BTM) ratio inversely”
Corporate donations and shareholder value (2017, unknown): “In an US event study, Patten (2008) present some evidence that companies experience positive 5-day cumulative abnormal returns (CARs) after announcing donations to the relief effort following the 2004 tsunami in Southeast Asia, with CARs increasing with donation amounts.”
Sustainability Practices and Corporate Financial Performance: A Study Based on the Top Global Corporations (2011, unknown): “Patten (2008) finds evidence of the relationship between the announcement of corporate contributions to the tsunami relief effort and subsequent change in the market value of such donating firms.”
Corporate Philanthropic Giving, Advertising Intensity, and Industry Competition Level (2010, methodology): “…shifts in the environmental landscape, and it represents a reactive strategy crafted to counter pressures such as stakeholder demands, threats of government intrusion into industry’s freedom, and escalating public expectations (Campbell et al., 1999; Gardberg and Fombrun, 2006; Patten, 2008).”
Can corporate social responsibility protect firm value during the COVID-19 pandemic? (2020, background): “Increased stakeholder attention has also been observed among companies whose CSR activities are reported in mass media (Flammer, 2013; Patten, 2008).”
Compassion organizing: Employees' satisfaction with corporate philanthropic disaster response and reduced job strain (2015, background): “…increasingly involved in responding to disasters, which is referred to as corporate philanthropic disaster response (CPDR; Muller & Whiteman, 2009), such as providing help after earthquakes (Zhang, Rezaee, & Zhu, 2010), tsunamis (Patten, 2008), and hurricanes (Sanchez, Korbin, & Viscarra, 1995).”
Corporate Philanthropic Disaster Response and Ownership Type: Evidence from Chinese Firms’ Response to the Sichuan Earthquake (2009, background): “Profitability and cash resources available are also found to be positively related to CPDR (Adams and Hardwick, 1998; Crampton and Patten, 2008; Galaskiewicz, 1997; Useem, 1988).”
Religion, the Nature of Ultimate Owner, and Corporate Philanthropic Giving: Evidence from China (2014, background): “…File and Prince 1998; Gao et al. 2012; Sánchez 2000; Mitschow 2000; MacDonald et al. 2002; Morris et al. 2003; Williams 2003; Brammer and Millington 2005; Choi and Wang 2007; Chen et al. 2008; Patten 2008; Crampton and Patten 2008; Zhang et al. 2009; Amato and Amato 2012; Maas and Liket 2011).”