Agency Problems of Corporate Philanthropy

Theory of the firm: Managerial behavior, agency costs and ownership structure

Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491

Separation of Ownership and Control

Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467037 · Cited by 19,914

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

Jensen, M. C. (1986) · Cited by 17,275

Agency Problems and the Theory of the Firm

Fama, E. F. (1980) · Journal of Political Economy · doi:10.1086/260866 · Cited by 10,543

Higher market valuation of companies with a small board of directors

Yermack, D. (1996) · Journal of Financial Economics · doi:10.1016/0304-405x(95)00844-5 · Cited by 6,659

Corporate Governance and Equity Prices

Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120

What Matters in Corporate Governance?

Bebchuk, L., Cohen, A., & Ferrell, A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn099 · Cited by 2,906

Individual and Corporate Social Responsibility

BÉNABOU, R., & TIROLE, J. (2010) · Economica · doi:10.1111/j.1468-0335.2009.00843.x · Cited by 2,237

Partial adjustment toward target capital structures

Flannery, M. J., & Rangan, K. P. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2005.03.004 · Cited by 2,053

The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

JENSEN, M. C. (1993) · The Journal of Finance · doi:10.2307/2329018 · Cited by 1,666

Stakeholder orientation and corporate payout policy: Insights from state legal shocks

Ni, X., Song, W., & Yao, J. (2020) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2020.105970 · Cited by 38

Does Corporate Social Responsibility Enhance Financial Performance? Evidence from Australia

Nguyen, V. H., Agbola, F. W., & Choi, B. (2021) · Australian Accounting Review · doi:10.1111/auar.12347 · Cited by 38

Voluntary Carbon Transparency: A Substitute for or Complement to Financial Transparency?

Luo, L., & Wu, H. (2019) · Journal of International Accounting Research · doi:10.2308/jiar-52421 · Cited by 37

Does Culture Matter for Corporate Philanthropic Giving?

Kanagaretnam, K., Xiu, Z., & Zhou, Z. (2019) · Emerging Markets Finance and Trade · doi:10.1080/1540496x.2018.1526077 · Cited by 36

The Wealth Effect of Corporate Water Actions: How Past Corporate Responsibility and Irresponsibility Influence Stock Market Reactions

Afrin, R., Peng, N., & Bowen, F. (2021) · Journal of Business Ethics · doi:10.1007/s10551-021-04881-6 · Cited by 36

The relationship between dividend payout and corporate social responsibility: The moderating effect of shareholder friendliness and board monitoring

Lakhal, F., Kuzey, C., Uyar, A., & Karaman, A. S. (2023) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2023.136297 · Cited by 36

Leadership in heels: Women on boards and sustainability in times of COVID ‐19

Amorelli, M., & Sánchez, I. (2023) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.2469 · Cited by 39

Walk well and talk well: Impact of the consistency of ESG performance and disclosure on firms’ stock price crash risk

Huang, J., Li, Y., & Han, F. (2024) · International Review of Economics & Finance · doi:10.1016/j.iref.2024.03.067 · Cited by 36

Family Business Group Expansion Through IPOs: The Role of Internal Capital Markets in Financing Growth While Preserving Control

Masulis, R. W., Pham, P. K., & Zein, J. (2020) · Management Science · doi:10.1287/mnsc.2019.3418 · Cited by 36

Corporate Social Responsibility and the Term Structure of CDS Spreads

Gao, F., Li, Y., Wang, X., & Zhong, Z. K. (2019) · Journal of International Financial Markets Institutions and Money · doi:10.1016/j.intfin.2021.101406 · Cited by 38

Measuring and Improving Stakeholder Welfare Is Easier Said than Done

Gurun, U. G., Nickerson, J., & Solomon, D. H. (2022) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109022001442 · Cited by 35

ESG-CFP relationship: exploring the moderating role of financial slack

Singh, A., Verma, S., & Shome, S. (2023) · International Journal of Emerging Markets · doi:10.1108/ijoem-03-2022-0536 · Cited by 35

Corporate Social Responsibility, Corporate Performance, and Pay-Performance Sensitivity—Evidence from Shanghai Stock Exchange Social Responsibility Index

Chang, Y., Chen, T.-H., & Shu, M.-C. (2017) · Emerging Markets Finance and Trade · doi:10.1080/1540496x.2016.1273768 · Cited by 34

Corporate social responsibility reporting in family firms: Evidence from China

Ma, L. (2022) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2022.100730 · Cited by 34

Corporate environmental investment and supply chain financing: The moderating role of environmental innovation

Zhu, X., Liu, R., & Chen, J. (2022) · Business Strategy and the Environment · doi:10.1002/bse.3205 · Cited by 35

Do shareholders punish or reward excessive CSR engagement? Moderating effect of cash flow and firm growth

Al‐Shaer, H., Uyar, A., Kuzey, C., & Karaman, A. S. (2023) · International Review of Financial Analysis · doi:10.1016/j.irfa.2023.102672 · Cited by 40

A Survey of Recent Evidence on Boards of Directors and CEO Incentives

Masulis, R. W. (2020) · Asia-Pacific Journal of Financial Studies · doi:10.1111/ajfs.12287 · Cited by 33

Impact of Environmental Investments on Corporate Financial Performance: Decomposing Valuation and Cash Flow Effects

Devine, A., & Yönder, E. (2021) · The Journal of Real Estate Finance and Economics · doi:10.1007/s11146-021-09872-y · Cited by 33

Managerial incentives for ESG in the financial services industry: direct and indirect association between ESG and executive compensation

Lee, J., Koh, K., & Shim, E. (2023) · Managerial Finance · doi:10.1108/mf-03-2023-0149 · Cited by 26

Standing Out from the Crowd via CSR Engagement: Evidence from Non-Fundamental-Driven Price Pressure

Gao, L., He, J., & Wu, J. (2023) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109023000686 · Cited by 32

The impact of ownership on building sustainable and responsible businesses

Villalonga, B. (2018) · Journal of the British Academy · doi:10.5871/jba/006s1.375 · Cited by 30

Is sustainability rating material to the market?

Economidou, C., Gounopoulos, D., Konstantios, D., & Tsiritakis, E. D. (2021) · Financial Management · doi:10.1111/fima.12406 · Cited by 37

Corporate charitable contributions: business award winners' giving behaviors

Yoo, C., & Pae, J. (2015) · Business Ethics A European Review · doi:10.1111/beer.12090 · Cited by 32

Stock market reaction to mandatory sustainability reporting: Does carbon‐intensity and environmental, social, and governance reputation matter?

Pandey, D. K., Al-ahdal, W. M., & Hashim, H. (2024) · Business Strategy and the Environment · doi:10.1002/bse.3952 · Cited by 31

Reputation repair and corporate donations: An investigation of responses to regulatory penalties

Xia, X., Teng, F., & Gu, X. (2019) · China Journal of Accounting Research · doi:10.1016/j.cjar.2019.06.001 · Cited by 31

Green Regulation and Stock Price Reaction to Green Bond Issuance

Glavas, D. (2020) · Finance · doi:10.3917/e.fina.411.0007 · Cited by 35

Doing more and doing better are two different entities: Different patterns of family control and environmental performance

Yu, B., Zeng, S., Chen, H., Meng, X., & Tam, C. M. (2020) · Business Strategy and the Environment · doi:10.1002/bse.2605 · Cited by 31

CSR Activity in Response to the Paris Agreement Exit

Klaus, J. P., Nishi, H., Peabody, S. D., & Reichert, C. (2022) · European Financial Management · doi:10.1111/eufm.12368 · Cited by 33

Do CSR performance and reporting facilitate access to debt financing in emerging markets? The role of asset structure and firm performance

Uyar, A., Gerged, A. M., Kuzey, C., & Karaman, A. S. (2023) · Review of Accounting and Finance · doi:10.1108/raf-01-2023-0020 · Cited by 31

Informal institutions and corporate social responsibility: a Confucian culture perspective

Li, H., Li, J., Wang, J., & Lu, Y. (2023) · Applied Economics · doi:10.1080/00036846.2023.2277696 · Cited by 34

Ecological risk and corporate sustainability: Examining ESG performance, risk management, and productivity

Du, Q., Sun, Z., Goodell, J. W., Du, A. M., & Yang, T. (2024) · International Review of Financial Analysis · doi:10.1016/j.irfa.2024.103551 · Cited by 36

Too Much of a Good Thing? Corporate Social Responsibility and the Takeover Market

Fairhurst, D. J., & Greene, D. T. (2019) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2022.102172 · Cited by 28

Doing safe while doing good: Slack, risk management capabilities, and the reliability of value creation through CSR

Lu, H., Liu, X., & Osiyevskyy, O. (2022) · Strategic Organization · doi:10.1177/14761270221122428 · Cited by 34

Corporate responsibility towards employees and innovation: Evidence from an emerging market

Li, T., & Wang, Y. (2022) · International Review of Financial Analysis · doi:10.1016/j.irfa.2022.102410 · Cited by 32

The Downside of Displaying Agentic Values: Evidence from Shareholder Activism

DesJardine, M. R., & Shi, W. (2022) · Organization science (Providence, R.I.) · doi:10.1287/orsc.2022.1637 · Cited by 23

Sustainability performance and board compensation in Japan and ASEAN-5 countries

E-Vahdati, S., Wan‐Hussin, W. N., & Ariffin, M. S. M. (2022) · Borsa Istanbul Review · doi:10.1016/j.bir.2022.12.004 · Cited by 29

Assessing the impact of corporate environmental performance on efficiency improvement in labor investment

Li, W., Chen, S., Gao, Z., & Chen, X. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3405 · Cited by 29

Does mandatory expenditure on CSR affect firm value? Empirical evidence from Indian firms

Bhagawan, P., & Mukhopadhyay, J. P. (2024) · Journal of Accounting Literature · doi:10.1108/jal-10-2023-0184 · Cited by 36

Top management inside debt and corporate social responsibility? Evidence from the US

Boubaker, S., Chebbi, K., & Grira, J. (2019) · The Quarterly Review of Economics and Finance · doi:10.1016/j.qref.2019.12.001 · Cited by 29

Exporting corporate social responsibility: Evidence from foreign bank entry

Shen, Y., & Zheng, X. (2023) · The British Accounting Review · doi:10.1016/j.bar.2023.101236 · Cited by 27

Pretending to be sustainable: Is ESG disparity a symptom?

Herrero, G. D. L. F., & Velasco, P. (2024) · Journal of Contemporary Accounting & Economics · doi:10.1016/j.jcae.2024.100418 · Cited by 28

Talented inside directors and corporate social responsibility: A tale of two roles

Bu, L., Chan, K. C., Choi, A., & Zhou, G. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.102044 · Cited by 28

New insights into corporate sustainability, environmental management and corporate financial performance in European Union: an application of VAR and Granger causality approach

Ivaşcu, L., Domil, A. E., Sarfraz, M., Bogdan, O., Burcă, V., & Pavel, C. D. (2022) · Environmental Science and Pollution Research · doi:10.1007/s11356-022-21642-8 · Cited by 28

The moderating effects of power distance on corporate social responsibility and multinational enterprises performance

Le, M., Lu, W., & Kweh, Q. L. (2022) · Review of Managerial Science · doi:10.1007/s11846-022-00591-z · Cited by 31

Can Socially Responsible Firms Survive Competition? An Analysis of Corporate Employee Matching Grant Schemes

Gong, N., & Grundy, B. D. (2017) · European Finance Review · doi:10.1093/rof/rfx025 · Cited by 28

Tournament Incentives and Corporate Social Responsibility Performance

Zhao, X., Zhou, G., & Rezaee, Z. (2021) · Journal of Accounting Auditing & Finance · doi:10.1177/0148558x211022946 · Cited by 26

CEOs’ early-life famine experience and corporate donations: Evidence from the great Chinese famine

Xu, S., He, X., Xiong, F., & Chen, P. (2023) · Economic Modelling · doi:10.1016/j.econmod.2023.106582 · Cited by 26

The Influence of Environmental, Social, and Governance Issues in the Banking Industry

González-Ruíz, J. D., Ospina-Patiño, C., & Marín‐Rodríguez, N. J. (2024) · Administrative Sciences · doi:10.3390/admsci14070156 · Cited by 37

Prosocial managers, employee motivation, and the creation of shareholder value

Kajackaite, A., & Sliwka, D. (2020) · Journal of Economic Behavior & Organization · doi:10.1016/j.jebo.2020.02.021 · Cited by 26

What does corporate social advocacy signal? Evidence from boycott participation decisions

Afego, P., & Alagidede, P. (2021) · Journal of Capital Markets Studies · doi:10.1108/jcms-10-2020-0040 · Cited by 39

Equity market response to natural disasters: Does firm's corporate social responsibility make difference?

Malik, I., Chowdhury, H., & Alam, M. S. (2022) · Global Finance Journal · doi:10.1016/j.gfj.2022.100801 · Cited by 25

Corporate social responsibility and financial reporting quality: evidence from US firms

Chulkov, D., & Wang, X. (2023) · Studies in Economics and Finance · doi:10.1108/sef-09-2022-0462 · Cited by 31

Examining the Impact of Agency Issues on Corporate Performance: A Bibliometric Analysis

Khandelwal, V., Tripathi, P. M., Chotia, V., Srivastava, M., Sharma, P., & Kalyani, S. (2023) · Journal of risk and financial management · doi:10.3390/jrfm16120497 · Cited by 26

The relative importance of ESG pillars: A two‐step machine learning and analytical framework

Mashayekhi, B., Asiaei, K., Rezaee, Z., Jahangard, A., Samavat, M., & Homayoun, S. (2024) · Sustainable Development · doi:10.1002/sd.2979 · Cited by 30

Industry Heterogeneity and the Economic Consequences of Corporate ESG Performance for Good or Bad: A Firm Value Perspective

Chen, Y., & Zhang, Z. (2024) · Sustainability · doi:10.3390/su16156506 · Cited by 40

Corporate Social Responsibility and Likelihood of Financial Distress

Zheng, Y., Wang, Y., & Jiang, C. X. (2019) · Bryant Digital Repository (Bryant University) · Cited by 25

Good for managers, bad for shareholders? The effects of lone-insider boards on excessive corporate social responsibility

Zhou, G. (2021) · Journal of Business Research · doi:10.1016/j.jbusres.2021.11.007 · Cited by 25

Does adopting voluntary ESG practices affect executive compensation?

Abudy, M. M., Gavious, I., & Shust, E. (2022) · Journal of International Financial Markets Institutions and Money · doi:10.1016/j.intfin.2022.101718 · Cited by 25

CSR disclosures in buyer-seller markets: The impact of assurance of CSR disclosures and incentives for CSR investments

Meyst, K. J. L. D., Cardinaels, E., & den Abbeele, A. G. H. L. V. (2017) · Accounting Organizations and Society · doi:10.1016/j.aos.2023.101498 · Cited by 34

Culture from overseas and corporate transparency: Evidence from China

Hao, Y., Han, D., Ning, C., & Liao, J. (2020) · International Journal of Finance & Economics · doi:10.1002/ijfe.1917 · Cited by 24

Does a CEO's private reputation impede corporate governance?

Yang, G., Huang, R., Shi, Y., & Jia, Z. (2021) · Economic Modelling · doi:10.1016/j.econmod.2021.105640 · Cited by 24

Stakeholder engagement, military ties, and firm performance

Suriyapongprapai, T., Chatjuthamard, P., Leemakdej, A., & Treepongkaruna, S. (2021) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.2212 · Cited by 24

Restart economy in a resilient way: The value of corporate social responsibility to firms in COVID-19

Zhang, J., Zhang, Y., & Sun, Y. (2022) · Finance research letters · doi:10.1016/j.frl.2022.102683 · Cited by 27

The implications of COVID-19 on ESG performance and financial reporting quality in Egypt

ElHawary, E., & Elbolok, R. M. N. M. (2024) · Journal of financial reporting & accounting · doi:10.1108/jfra-08-2023-0469 · Cited by 24

CSR reporting practices: an integrative model and analysis

Friske, W., Nikolov, A. N., & Hoang, P. (2019) · The Journal of Marketing Theory and Practice · doi:10.1080/10696679.2019.1690397 · Cited by 26

Better late than never? Corporate social responsibility engagement after product-harm crises

Sun, Z., Wu, D., & Zhang, M. (2019) · Asia Pacific Journal of Management · doi:10.1007/s10490-019-09701-0 · Cited by 25

Mandatory CSR and Sustainability Reporting: Economic Analysis and Literature Review

Christensen, H. B., Hail, L., & Leuz, C. (2019) · National Bureau of Economic Research · doi:10.3386/w26169 · Cited by 29

Doing Good When Doing Well: Evidence on Real Earnings Management

Grieser, W., Hadlock, C. J., & Pierce, J. R. (2020) · Review of Accounting Studies · doi:10.1007/s11142-021-09610-y · Cited by 23

Can sustainable practices protect investors during financial market instability? A multi-sector analysis during the COVID-19 pandemic

Nirino, N., Petruzzella, F., Alam, G. M., & Campobasso, F. (2022) · Management Decision · doi:10.1108/md-12-2021-1654 · Cited by 23

Board composition and corporate social responsibility: uncovering the effects of co-opted directors

Saleh, A. I. E., & Jurdi, D. J. (2023) · Journal of Accounting Literature · doi:10.1108/jal-02-2023-0019 · Cited by 23

Fintech and corporate governance: at times of financial crisis

Najaf, K., Chin, A., Fook, A. L. W., Dhiaf, M. M., & Asiaei, K. (2023) · Electronic Commerce Research · doi:10.1007/s10660-023-09733-1 · Cited by 23

What accounts for the effect of sustainability engagement on stock price crash risk during the COVID-19 pandemic—Agency theory or legitimacy theory?

Zhang, J., Chen, Z., & Shan, Y. G. (2024) · International Review of Financial Analysis · doi:10.1016/j.irfa.2024.103167 · Cited by 28

ESG Controversies and Firm Value: Moderating Role of ESG Performance*

Kim, H. J., Ahn, T., & Yi, J. (2025) · Asia-Pacific Journal of Financial Studies · doi:10.1111/ajfs.70001 · Cited by 22

Private benefits of corporate philanthropy and distortions to corporate financing and investment decisions

Masulis, R. W., & Reza, S. W. (2022) · Corporate governance: An International Review · doi:10.1111/corg.12476 · Cited by 20

Does share pledging affect corporate philanthropy? Evidence from China

Xiong, J., Tong, J. Y., Zhang, F. F., Ouyang, C., & Chan, K. C. (2023) · Journal of Business Finance & Accounting · doi:10.1111/jbfa.12687 · Cited by 22

The Strategic Use of Corporate Philanthropy: Evidence from Bank Donations

Choi, S., Park, R. J., & Xu, S. (2023) · European Finance Review · doi:10.1093/rof/rfad003 · Cited by 24

How does the bond market price corporate ESG engagement? Evidence from China

Jiang, Z., Xu, Y., Fang, M., Tang, Z., & Tao, C. (2023) · Economic Analysis and Policy · doi:10.1016/j.eap.2023.05.019 · Cited by 24

Does institutional ownership affect corporate social responsibility? Evidence from China

Zhou, T., Liu, M., Zhang, X., Qi, Z., & Qin, N. (2023) · Economic Analysis and Policy · doi:10.1016/j.eap.2023.11.017 · Cited by 24

Greenwashing and financial performance of firms: the moderating role of internal audit quality and digital technologies

Purnamasari, P., & Umiyati, I. (2024) · Cogent Business & Management · doi:10.1080/23311975.2024.2404236 · Cited by 22

Corporate Philanthropy and Risk Management: An Investigation of Reinsurance and Charitable Giving in Insurance Firms

Adams, M., Hoejmose, S. U., & Kastrinaki, Z. (2016) · Business Ethics Quarterly · doi:10.1017/beq.2016.54 · Cited by 22

On the Foundations of Corporate Social ResponsibilityPreprint

Liang, H., & Renneboog, L. D. R. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.2360633 · Cited by 27

Does ESG performance affect trade credit financing? Evidence from China

Lian, Y., Yang, Z., & Cao, H. (2024) · Research in International Business and Finance · doi:10.1016/j.ribaf.2024.102715 · Cited by 21

Detecting corporate ESG performance: The role of ESG materiality in corporate financial performance and risks

Yang, S. S., Huang, J., Chen, H., & Tsay, M.-H. (2025) · The North American Journal of Economics and Finance · doi:10.1016/j.najef.2025.102370 · Cited by 23

The value relevance of corporate donations

Houqe, M. N., van Zijl, T., Karim, A. K. M. W., & George, T. S. (2019) · Pacific-Basin Finance Journal · doi:10.1016/j.pacfin.2019.03.004 · Cited by 21

Individual investors’ dividend tax reform and corporate social responsibility

Kong, D., Ji, M., & Zhang, F. (2022) · Journal of International Financial Markets Institutions and Money · doi:10.1016/j.intfin.2022.101542 · Cited by 26

Institutional investors and corporate environmental and financial performance

Miller, S., Qiu, B., Wang, B., & Yang, T. (2022) · European Financial Management · doi:10.1111/eufm.12392 · Cited by 21

Independent Director Tenure and Corporate Governance: Evidence from Insider Trading

Gao, M., & Huang, S. (2022) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109023000492 · Cited by 24

An ESG Ratings Free Assessment of Socially Responsible Investment Strategies

Fiordelisi, F., Galloppo, G., Lattanzio, G., & Paimanova, V. (2020) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2023.102917 · Cited by 32

Enhancer or stabilizer? Investigating the distinct impact of primary and secondary CSR on the level and variability of firm value

Lu, H., Osiyevskyy, O., & Liu, X. (2023) · Journal of Business Research · doi:10.1016/j.jbusres.2023.114210 · Cited by 22

CSR in times of crisis: a systematic literature review

Glavas, D., & Visentin, G. (2024) · Management Review Quarterly · doi:10.1007/s11301-024-00445-w · Cited by 26

Corporate ESG performance and credit misallocation: Evidence from China

Kuai, Y., Wang, P., & Huang, G. (2024) · Research in International Business and Finance · doi:10.1016/j.ribaf.2024.102621 · Cited by 21

Seeking blessings by doing good: Top executive superstitions and corporate philanthropy

Cai, X., Liao, L., Pan, Y., & Wang, K. T. (2025) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2025.102775 · Cited by 20

CEO Hometown Favoritism in Corporate Environmental PoliciesPreprint

Li, W., Xu, Q.-P., & Zhu, Q.-F. (2021) · Social Science Research Network · doi:10.2139/ssrn.3859116 · Cited by 13

How Does Corporate Sustainability Shape Consumption?Preprint

Houston, J. F., Lin, C., Shan, H., & Shen, M. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4243071 · Cited by 24

Do Environmental, Social, and Governance (ESG) practices help mitigate bank default risk?

Biswas, A., Das, A. K., Tiwari, A. K., & Patro, A. (2025) · Journal of Environmental Management · doi:10.1016/j.jenvman.2025.124762 · Cited by 19

Do reputation concerns motivate voluntary initiation of corporate social responsibility reporting? Evidence from China

Huang, K.-C., & Wang, Y.-C. (2021) · Finance research letters · doi:10.1016/j.frl.2021.102611 · Cited by 19

The horizontal S‐shaped relationship between corporate social responsibility and financial performance: The moderating effects of firm size and industry dynamism

Wang, K., & Qiao, Y. (2022) · Business Ethics the Environment & Responsibility · doi:10.1111/beer.12465 · Cited by 19

Assessing Influence Mechanism of Management Overconfidence, Corporate Environmental Responsibility and Corporate Value: The Moderating Effect of Government Environmental Governance and Media Attention

Bai, G., & Meng, D. (2022) · International Journal of Environmental Research and Public Health · doi:10.3390/ijerph20010577 · Cited by 19

Technological peer pressure and corporate sustainability

Wang, S., Yan, C., & Zhao, Y. (2023) · Energy Economics · doi:10.1016/j.eneco.2023.107257 · Cited by 20

[15:31 5/1/2015 RFS-hhu082.tex] Page: 592 592–636 Agency Problems of Corporate Philanthropy

Masulis, R. W., Reza, S. W., Starks, L. T., Stevelman, F., Stoll, H., Willis, R., & Participants, S. (2016)

Managers with Blank Checks: The Agency Problems of Corporate PhilanthropyPreprint

Reza, S. W. (2011) · SSRN Electronic Journal · doi:10.2139/ssrn.1912577

Corporate Philanthropy, Agency Problems, and Shareholder WealthPreprint

Fich, E. M., Garcı́a, D., Robinson, T. C., & Yore, A. S. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1364905 · Cited by 14

Corporate Giving Decision: Agency Problem Hypothesis vs. Shareholder Wealth Maximization Hypothesis

Wang, T., & Wu, Y.-L. (2020) · Zhōngguó cáiwù xuékān · doi:10.6545/jfs.v28i3.2020093

Corporate Philanthropic Practices

Brown, W. O., & Helland, E. A. (2006) · Econstor (Econstor) · Cited by 29