The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Is doing good good for you? how corporate charitable contributions enhance revenue growth
Open accessAbstract
This study examines the impact of corporate philanthropy growth on sales growth using a large sample of charitable contributions made by U.S. public companies from 1989 through 2000. Applying Granger causality tests, we find that charitable contributions are significantly associated with future revenue, whereas the association between revenue and future contributions is marginally significant at best. We then identify the mechanism underlying our findings. Our results are particularly pronounced for firms that are highly sensitive to consumer perception, where individual consumers are the predominant customers. In addition, we document a positive relationship between contributions and customer satisfaction. Overall, our evidence suggests that corporate philanthropy, under certain circumstances, furthers firms' economic objectives. Copyright © 2009 John Wiley & Sons, Ltd.
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Cites
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Friedman, M. (2007) · Corporate Ethics and Corporate Governance · doi:10.1007/978-3-540-70818-6_14 · Cited by 11,529
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Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility
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Corporate Social Responsibility, Customer Satisfaction, and Market Value
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Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
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Corporate Social Performance As a Competitive Advantage in Attracting a Quality Workforce
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STAKEHOLDER MISMATCHING: A THEORETICAL PROBLEM IN EMPIRICAL RESEARCH ON CORPORATE SOCIAL PERFORMANCE
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Cited by
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011) · The Accounting Review · doi:10.2308/accr.00000005 · Cited by 4,337
The impact of corporate sustainability on organizational processes and performance
Eccles, R. G., Ioannou, I., & Serafeim, G. (2014) · Management Science · doi:10.1287/mnsc.2014.1984 · Cited by 4,104
Flammer, C. (2015) · Management Science · doi:10.1287/mnsc.2014.2038 · Cited by 1,949
Dhaliwal, D. S., Radhakrishnan, S., Tsang, A., & Yang, Y. G. (2012) · The Accounting Review · doi:10.2308/accr-10218 · Cited by 1,916
Self-citationDimson, E., Karakaş, O., & Li, X. (2015) · Review of Financial Studies · doi:10.1093/rfs/hhv044 · Cited by 1,242
Metadata
- Authors
- Lev, B., Petrovits, C., & Radhakrishnan, S.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2009-09-25
- Volume
- 31
- Issue
- 2
- Pages
- 182-200
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2072074955
- Cited by
- 980
- References
- 8
- FWCI
- 50.10
- Type
- journal article
- Language
- en
- Open access
- green
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