The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China.

ABSTRACT: As an important way for enterprises to fulfill social responsibility, corporate philanthropy (CP) has attracted much attention from the academic community. But there are still few well-targeted theoretical and empirical studies on what functions the board of directors (BOD) should perform to better fulfill philanthropic responsibilities. Taking this deficiency as a breakthrough, this study focuses on Chinese state-owned and private enterprises to analyze and test the functions performed by the BOD in CP. Based on the sample of Chinese A-share listed companies from 2008 to 2019, the empirical results show that the BOD of state-owned enterprises mainly performs a monitoring function in CP while that of private enterprises mainly performs a consulting function. The above findings remain valid

SUBMITTER: Pan Q 

PROVIDER: S-EPMC9171139 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature