What’s the value in it? Corporate giving under uncertainty

Yongqiang Gao, Lisa Ya LIN, Haibin Yang*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

12 Citations (Scopus)


This paper investigates whether and how corporate giving is affected by a firm’s perceived degree of environmental uncertainty in the context of a transition economy. Evidence from a nationwide survey of private firms across China suggests that both regulatory uncertainty and market uncertainty in a transition economy motivate firms to conduct corporate giving. Further, a firm’s political ties and financial performance alleviate its response to environment pressures. Specifically, both political ties and financial performance reduce the impact of regulatory uncertainty on both giving probability and amount, but neither affects market uncertainty’s impact. This study illustrates the role of environmental uncertainty in driving corporate social behavior among Chinese private firms, and provides valuable insights for corporate giving in other transition economies.

Original languageEnglish
Pages (from-to)215-240
Number of pages26
JournalAsia Pacific Journal of Management
Issue number1
Publication statusPublished - 1 Mar 2017

Scopus Subject Areas

  • Business and International Management
  • Economics, Econometrics and Finance (miscellaneous)
  • Strategy and Management

User-Defined Keywords

  • Corporate giving
  • Financial performance
  • Market uncertainty
  • Political ties
  • Regulatory uncertainty
  • Transition economy


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