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Corporate Charitable Giving, Multinational Companies and Countries of Concern
Author(s) -
Brammer Stephen J.,
Pavelin Stephen,
Porter Lynda A.
Publication year - 2009
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/j.1467-6486.2008.00827.x
Subject(s) - multinational corporation , internationalization , salient , civil liberties , sample (material) , stakeholder , politics , business , developing country , stakeholder theory , conceptual framework , economics , accounting , international trade , political science , law , economic growth , sociology , management , finance , chemistry , chromatography , social science
This paper investigates the degree to which corporate charitable giving is influenced by a firm's internationalization and/or whether it has operations in one or more countries of concern. For a sample of large UK firms, we find evidence of a positive effect not for internationalization per se, but only for a presence in particular countries. In this connection, the salient country characteristic is a lack of political rights and/or civil liberties, and the positive impact on charitable giving is restricted to a presence in only those countries that are, according to Freedom House indicators, most lacking in this respect. Furthermore, our study highlights a mode of corporate response to stakeholder concerns and pressures – offsetting – that is qualitatively different from those suggested in earlier conceptual literatures.