TY - JOUR
T1 - CEO characteristics and corporate philanthropic giving in an emerging market
T2 - The case of China
AU - Wei, Jiuchang
AU - Ouyang, Zhe
AU - Chen, Haipeng (Allan)
N1 - Publisher Copyright:
© 2018 Elsevier Inc.
PY - 2018/6
Y1 - 2018/6
N2 - The upper echelons theory proposes that organizational actions may reflect the values, experiences, and personalities of powerful actors within an organization. Drawing upon this theory, this research investigates how the characteristics of chief executive officers (CEOs) affect corporate philanthropic giving (CPG) strategies in an emerging market. Using a unique data set consisting of CPG activities of publicly listed Chinese firms in response to the 2008 Wenchuan earthquake, this study uncovers relationships between CEOs' acquired characteristics (e.g., tenure, education, political connectedness, celebrity status) and different aspects of firm CPG strategies, including donation amount, timeliness and disclosure. We discuss the unique insights we gain by studying the upper echelons theory and corporate philanthropic giving in an emerging market context.
AB - The upper echelons theory proposes that organizational actions may reflect the values, experiences, and personalities of powerful actors within an organization. Drawing upon this theory, this research investigates how the characteristics of chief executive officers (CEOs) affect corporate philanthropic giving (CPG) strategies in an emerging market. Using a unique data set consisting of CPG activities of publicly listed Chinese firms in response to the 2008 Wenchuan earthquake, this study uncovers relationships between CEOs' acquired characteristics (e.g., tenure, education, political connectedness, celebrity status) and different aspects of firm CPG strategies, including donation amount, timeliness and disclosure. We discuss the unique insights we gain by studying the upper echelons theory and corporate philanthropic giving in an emerging market context.
KW - China
KW - Corporate philanthropic giving
KW - Corporate social responsibility
KW - Emerging market
KW - Upper echelons theory
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U2 - 10.1016/j.jbusres.2018.02.018
DO - 10.1016/j.jbusres.2018.02.018
M3 - Article
AN - SCOPUS:85044311381
SN - 0148-2963
VL - 87
SP - 1
EP - 11
JO - Journal of Business Research
JF - Journal of Business Research
ER -
