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How Owners Matter? An Examination of Ownership Type in Corporate Disaster Relief Giving
Author(s) -
Gao Yongqiang,
Hafsi Taïeb
Publication year - 2019
Publication title -
canadian journal of administrative sciences / revue canadienne des sciences de l'administration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.347
H-Index - 48
eISSN - 1936-4490
pISSN - 0825-0383
DOI - 10.1002/cjas.1478
Subject(s) - legitimacy , moderation , state ownership , context (archaeology) , business , identity (music) , corporate social responsibility , accounting , institutional theory , public relations , political science , social psychology , emerging markets , economics , law , finance , psychology , management , paleontology , physics , politics , acoustics , biology
Abstract Little research has investigated the effect of ownership identity (or type) and corporate philanthropy experience on giving. In this research, relying on legitimacy theory, we first assess the effect of ownership identity on corporate philanthropy (CP) in the context of the 2008 earthquake in China. Then we explore moderation effects of firms' prior CP experience and size as proxies for perceived legitimacy on owners' efforts at increasing giving and legitimacy. We find that state and CEO ownership are deterrents, while non‐SOE and institutional ownership enhances giving probability and amount. In addition, there is evidence that firm size and prior CP weaken the effects of institutional ownership on CP. This study provides a complete assessment of owner behaviour. Copyright © 2018 ASAC. Published by John Wiley & Sons, Ltd.