Disaster Relief Philanthropy: Can Corporate Giving Increase Firm Value?

本研究以全球企业救灾捐赠数据集为对象，以自然灾害为背景，运用事件研究法，探讨企业慈善捐赠对股价的影响。预期成果包括能够确定公司捐赠的体制和治理相关决定因素及其对公司价值和股票价格的影响。这将带来巨大的好处，有助于建立一个企业捐赠框架，增加企业提供救灾捐赠的激励，并确保捐赠符合受灾社区的需求。

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.