Having, Giving, and Getting: Slack Resources, Corporate Philanthropy, and Firm Financial Performance
Having, Giving, and Getting: Slack Resources, Corporate Philanthropy, and Firm Financial Performance
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DOI：
10.1177/0007650304263919
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发表时间：
2004-06
影响因子：
7
通讯作者：
Bruce Seifert;Sara A. Morris;Barbara R. Bartkus
中科院分区：
文献类型：
--
作者：
Bruce Seifert;Sara A. Morris;Barbara R. Bartkus
本研究使用结构方程模型研究了财富1000强企业慈善活动的财务相关性。结果表明，现金流(最可自由支配的组织松弛类型之一)对公司慈善事业的现金捐赠有显著影响，但货币捐赠不会影响公司的财务业绩。这些发现支持了被接受的观点，即企业慈善是一种可自由支配的社会责任，以及商业和社会文献中关于企业捐赠的传统思想--做得好就意味着做好事。与当代的一些想法相反，研究结果表明，这对企业慷慨带来的利润没有显著影响。
This study investigates financial correlates of corporate philanthropy in Fortune 1000 companies using structural equation modeling. The results suggest that cash flow (one of the most discretionary types of organizational slack) has a significant impact on a firm’s cash donations to charitable causes, but monetary donations do not affect firm financial performance. These findings support the accepted view of corporate philanthropy as a discretionary social responsibility and the traditional thinking about firm giving in the business and society literature—that doing well enables doing good. Contrary to some contemporary thinking, the findings imply no significant effect on profits from corporate generosity.