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 language | English |
|---|---|
| Pages (from-to) | 1-11 |
| Number of pages | 11 |
| Journal | Journal of Business Research |
| Volume | 87 |
| DOIs | |
| State | Published - 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
