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Corporate foundations (CF) are a specific subset of the broader group of foundations. They are designated by a corporation (founder firm) for a specific, expressed purpose (Anheier & Toepler, 1999; Anheier & Leat, 2006) and are therefore under the formal or informal control of the founder firm (Westhues & Einwiller, 2006). Research has mainly focused on generic foundations, and empirical studies on CFs are still rare. Studies have noted the existence of different models of CFs (Minciullo & Pedrini, 2011), unpacked the relationship between founder firms and CFs (Brown et al., 2006; Petrovits, 2006; Westhues & Einwiller, 2006; Minciullo & Pedrini, 2015), and explored CFs’ impact on society (Herlin & Pedersen 2013; Quinn et al., 2014; Qu & Osili, 2017). In this context, growing attention has been given to grant Abstract

An empirical analysis of grant-monitoring systems in corporate foundations: Organizational complexity and monitoring mechanisms around the world