影响因子：4.2
DOI码：10.1080/14783363.2022.2092467
项目来源：National Natural Science Foundation of China (Grant No. 71932007
关键字：CEO salary, Corporate social responsibility, Silent philanthropic donation, Firm size, firm performance
摘要：Building on the stakeholder-management and legitimacy literature, we argue that concern about stakeholders’ reactions may cause firms to keep silent about their charitable donations. This study attempted to determine the influence of silent charitable donations on firm performance and its size and CEO salary. The sample of this study was listed non-state-owned enterprises (non-SOE) in China from 2009 to 2015 that make donations and do not include these philanthropic donations information in CSR reports. Data were collected from multiple sources, including the CSMAR database and the annual and CSR reports of the selected firms. The regression model was used to test the main effect. Results show that the silent donations of firms positively influence their performance. Moreover, firm size and CEO salary oppositely moderate the relationship between silent donations and firm performance. This study advances our understanding of how and under what conditions non-SOEs make silent charitable donations and enhance their performance by highlighting the important role of these donations, thereby contributing to the literature on corporate social responsibility and silent charitable donations.
论文类型：期刊论文
学科门类：管理学
一级学科：管理科学与工程
是否译文：否
发表时间：2022-07-04
收录刊物：CSSCI