Enhance or inhibit? Unveiling the influence of chairman's hometown attachment on the corporate philanthropy-Corporate financial performance relationship.

ABSTRACT: Although there have been numerous studies on the relationship between corporate philanthropy and corporate financial performance (CFP), theoretical analysis focusing on the legitimacy-based mechanism and the moderating role of key executives' psychological characteristics is scarce. Hometown attachment is a special form of place attachment in environmental psychology, which reflects people's psychological attachment to their hometown and the state of maintaining an intimate emotional connection with it. Based on Scott's three-pillar institutional perspective, this study traces its origins from the Chinese cultural context, and discusses the legitimacy basis of donations in the Chinese cultural context and why donations can improve CFP. On this basis, the moderating effect of the chairman's

SUBMITTER: Chen L 

PROVIDER: S-EPMC9682063 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature