Disaster Relief Philanthropy: Can Corporate Giving Increase Firm Value?

本项目旨在运用事件研究方法，在全球企业救灾捐赠数据集中设置自然灾害，研究企业慈善事业的股价效应。预期结果包括识别公司捐赠的制度和治理相关决定因素及其对公司价值和股票价格的影响的能力。这将有助于建立一个企业捐赠框架，增加企业提供救灾捐赠的动机，并确保捐赠与受灾社区的需求保持一致，从而带来显著的好处。

This project aims to investigate the stock price effects of corporate philanthropy by applying event study methods to the setting of natural disasters in a global dataset of corporate disaster-relief giving. Expected outcomes include the ability to identify the institutional and governance-related determinants of corporate giving and their effects on firm value and stock prices. This should provide significant benefits by contributing to a framework of corporate giving that can increase firms' incentives to provide disaster-relief giving and that can ensure donations are aligned with the needs of affected communities.