Disaster Relief Philanthropy: Can Corporate Giving Increase Firm Value?

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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.