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 journalJournal articlepeer-review

    26 Citations (Scopus)

    Abstract

    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
    Volume34
    Issue number1
    DOIs
    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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