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Board attributes and corporate philanthropy behavior during COVID‐19: A case from China
Author(s) -
Xuguang Zhu,
Ahmad Muhammad Ishfaq,
Ueng Joe,
Ramaswamy Vinita
Publication year - 2021
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22499
Subject(s) - covid-19 , china , stock price , stock (firearms) , business , on board , accounting , positive relationship , monetary economics , demographic economics , economics , psychology , political science , social psychology , law , geography , biology , virology , infectious disease (medical specialty) , medicine , paleontology , disease , archaeology , series (stratigraphy) , outbreak , pathology
This study examines the relationship between board attributes and corporate philanthropic behavior for combating the COVID‐19 epidemic and stock price fluctuations The results show that the philanthropic behavior has a positive effect on the stock prices; that companies with female leaders are more likely to engage in philanthropic behavior; and that the proportion of female's directors is positively correlated with philanthropic behavior. Additionally, the results show that board size is negatively correlated with philanthropic behavior.