Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value
This study extends the literature on symbolic management by incorporating the role of stakeholder perceptions into the context of corporate philanthropy. In particular, we differentiate between the quantitative (generous giving) and qualitative (innovative giving) aspects of giving. We argue that al...
Ausführliche Beschreibung
Autor*in: |
Cuypers, Ilya R.P [verfasserIn] |
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Format: |
Artikel |
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Sprache: |
Englisch |
Erschienen: |
2016 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Organization science - Catonsville, MD : Institute for Operations Research and the Management Sciences, 1990, 27(2016), 1, Seite 173 |
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Übergeordnetes Werk: |
volume:27 ; year:2016 ; number:1 ; pages:173 |
Links: |
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DOI / URN: |
10.1287/orsc.2015.1030 |
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Katalog-ID: |
OLC1974089592 |
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10.1287/orsc.2015.1030 doi PQ20160430 (DE-627)OLC1974089592 (DE-599)GBVOLC1974089592 (PRQ)g610-7017ec62a9d89905ae13085bc692cc2949940ebef779128fa76be3c05dbce8910 (KEY)0173874720160000027000100173sincerityincorporatephilanthropystakeholderpercept DE-627 ger DE-627 rakwb eng 300 650 DNB Cuypers, Ilya R.P verfasserin aut Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value 2016 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier This study extends the literature on symbolic management by incorporating the role of stakeholder perceptions into the context of corporate philanthropy. In particular, we differentiate between the quantitative (generous giving) and qualitative (innovative giving) aspects of giving. We argue that although stakeholders may perceive both types of giving as being substantive rather than symbolic, innovative giving is likely to be perceived as more substantive than generous giving is and, thus, has a greater impact on firm value. Furthermore, stakeholder perceptions of corporate philanthropy as being more symbolic or substantive are influenced by firm characteristics—the type of products or services that a firm provides and the life-cycle stage that the firm is in—which provide stakeholders with a context to better assess the nature of a firm’s philanthropic actions and the substantiveness of its giving. We find support for our predictions using a sample covering U.S. firms’ philanthropic activities over a 19-year period. symbolic management philanthropy stakeholders perceptions financial performance Philanthropy Koh, Ping-Sheng oth Wang, Heli oth Enthalten in Organization science Catonsville, MD : Institute for Operations Research and the Management Sciences, 1990 27(2016), 1, Seite 173 (DE-627)130844152 (DE-600)1022236-4 (DE-576)023094397 1047-7039 nnns volume:27 year:2016 number:1 pages:173 http://dx.doi.org/10.1287/orsc.2015.1030 Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_69 GBV_ILN_70 GBV_ILN_110 GBV_ILN_130 GBV_ILN_2006 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2035 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4311 GBV_ILN_4317 GBV_ILN_4700 AR 27 2016 1 173 |
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Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value |
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Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value |
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Cuypers, Ilya R.P |
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Cuypers, Ilya R.P |
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sincerity in corporate philanthropy, stakeholder perceptions and firm value |
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Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value |
abstract |
This study extends the literature on symbolic management by incorporating the role of stakeholder perceptions into the context of corporate philanthropy. In particular, we differentiate between the quantitative (generous giving) and qualitative (innovative giving) aspects of giving. We argue that although stakeholders may perceive both types of giving as being substantive rather than symbolic, innovative giving is likely to be perceived as more substantive than generous giving is and, thus, has a greater impact on firm value. Furthermore, stakeholder perceptions of corporate philanthropy as being more symbolic or substantive are influenced by firm characteristics—the type of products or services that a firm provides and the life-cycle stage that the firm is in—which provide stakeholders with a context to better assess the nature of a firm’s philanthropic actions and the substantiveness of its giving. We find support for our predictions using a sample covering U.S. firms’ philanthropic activities over a 19-year period. |
abstractGer |
This study extends the literature on symbolic management by incorporating the role of stakeholder perceptions into the context of corporate philanthropy. In particular, we differentiate between the quantitative (generous giving) and qualitative (innovative giving) aspects of giving. We argue that although stakeholders may perceive both types of giving as being substantive rather than symbolic, innovative giving is likely to be perceived as more substantive than generous giving is and, thus, has a greater impact on firm value. Furthermore, stakeholder perceptions of corporate philanthropy as being more symbolic or substantive are influenced by firm characteristics—the type of products or services that a firm provides and the life-cycle stage that the firm is in—which provide stakeholders with a context to better assess the nature of a firm’s philanthropic actions and the substantiveness of its giving. We find support for our predictions using a sample covering U.S. firms’ philanthropic activities over a 19-year period. |
abstract_unstemmed |
This study extends the literature on symbolic management by incorporating the role of stakeholder perceptions into the context of corporate philanthropy. In particular, we differentiate between the quantitative (generous giving) and qualitative (innovative giving) aspects of giving. We argue that although stakeholders may perceive both types of giving as being substantive rather than symbolic, innovative giving is likely to be perceived as more substantive than generous giving is and, thus, has a greater impact on firm value. Furthermore, stakeholder perceptions of corporate philanthropy as being more symbolic or substantive are influenced by firm characteristics—the type of products or services that a firm provides and the life-cycle stage that the firm is in—which provide stakeholders with a context to better assess the nature of a firm’s philanthropic actions and the substantiveness of its giving. We find support for our predictions using a sample covering U.S. firms’ philanthropic activities over a 19-year period. |
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Sincerity in Corporate Philanthropy, Stakeholder Perceptions and Firm Value |
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