CEO characteristics and corporate philanthropic giving in an emerging market: The case of China

Jiuchang Wei, Zhe Ouyang, Haipeng (Allan) Chen

Research output: Contribution to journalArticlepeer-review

40 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)1-11
Number of pages11
JournalJournal of Business Research
Volume87
DOIs
StatePublished - Jun 2018

Bibliographical note

Funding Information:
This study was supported by the National Natural Science Foundation of China (grant #s 71522013 , 71702180 & 71373250 ).

Publisher Copyright:
© 2018 Elsevier Inc.

Keywords

  • China
  • Corporate philanthropic giving
  • Corporate social responsibility
  • Emerging market
  • Upper echelons theory

ASJC Scopus subject areas

  • Marketing

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