Corporate philanthropy and corporate social irresponsibility during the COVID-19 pandemic: evidence from China

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F23%3AN0000014" target="_blank" >RIV/04130081:_____/23:N0000014 - isvavai.cz</a>

Result on the web

<a href="https://www.emerald.com/insight/content/doi/10.1108/IJOEM-08-2022-1310/full/html" target="_blank" >https://www.emerald.com/insight/content/doi/10.1108/IJOEM-08-2022-1310/full/html</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/IJOEM-08-2022-1310" target="_blank" >10.1108/IJOEM-08-2022-1310</a>

Result language

angličtina

Original language name

Corporate philanthropy and corporate social irresponsibility during the COVID-19 pandemic: evidence from China

Original language description

Purpose This study aims to investigate the perspective of corporate philanthropy during the coronavirus disease 2019 (COVID-19) in China for firms with various levels of corporate social responsibility (CSR). Specifically, the study appraises the impact of the COVID-19 pandemic on the stock returns and sustainable development of Chinese-listed companies and determines the likelihood of paying donations vis-à-vis firm reputation. Design/methodology/approach The study used data from 117 Chinese-listed firms engaged in philanthropy during the COVID-19 pandemic. The authors also utilized the stock returns and cash donation data, and owing to the cross-sectional data and continuous nature of dependent variables, they employed the ordinary least squares regression to test the research hypotheses. Findings The results show that irresponsible actions have a positive relationship with donations. The study particularly reveals that irresponsible firms have significant negative abnormal returns during the first wave of the COVID-19 pandemic. Originality/value To the best of our knowledge, this is the first empirical study to explore the perspective of corporate philanthropy during the COVID-19 pandemic for companies with different CSR levels. This study contributes to the empirical research on CSR and provides insights for managerial-cum-financial decisions to encourage managers of irresponsible firms to pursue philanthropic behaviors after crisis events.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50204 - Business and management

Project

—

Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Emerging Markets

ISSN

1746-8809

e-ISSN

1746-8817

Volume of the periodical

in print

Issue of the periodical within the volume

in print

Country of publishing house

GB - UNITED KINGDOM

Number of pages

22

Pages from-to

1-22

UT code for WoS article

000993370600001

EID of the result in the Scopus database

2-s2.0-85160090644