caa a22 4500 605484457 CHVBK 20210128100436.0 cr unu---uuuuu 210128e20150901xx s 000 0 eng 10.1007/s10551-014-2109-8 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2109-8 Corporate Philanthropy, Ownership Type, and Financial Transparency [Elektronische Daten] [Cuili Qian, Xinzi Gao, Albert Tsang] Abstract : Drawing on stakeholder theory and the concept of enlightened self-interest, we argue that firms that actively engage in corporate philanthropic giving also tend to demonstrate greater concern for investors' interests by providing more transparent financial information and avoiding corporate misconduct. Moreover, the relationships between corporate giving, financial information transparency, and corporate misconduct vary significantly according to the firm's ownership type, which affects the fundamental motivations for corporate philanthropy. In a sample of Chinese publicly listed firms from the 2003-2009 period, we find a positive relationship between corporate giving and financial transparency, and note that the relationship is stronger for non-state-owned enterprises (non-SOEs). We also find a significantly negative association between corporate giving and corporate misconduct for non-SOEs, but not for SOEs. Taken together, these findings suggest that responsibility to both stakeholders and shareholders is a vital part of building trust and reputations in China's non-SOE sector. Springer Science+Business Media Dordrecht, 2014 Corporate philanthropy nationallicence Financial transparency nationallicence Corporate misconduct nationallicence Ownership nationallicence Chinese context nationallicence Qian Cuili Department of Management, City University of Hong Kong, Kowloon Tong, Hong Kong aut Gao Xinzi Business School, Sun Yat-Sen University, Guangzhou, China aut Tsang Albert School of Accountancy, The Chinese University of Hong Kong, Shatin, Hong Kong aut Journal of Business Ethics Springer Netherlands 130/4(2015-09-01), 851-867 0167-4544 130:4<851 2015 130 10551 https://doi.org/10.1007/s10551-014-2109-8 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2109-8 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Qian Cuili Department of Management, City University of Hong Kong, Kowloon Tong, Hong Kong aut NATIONALLICENCE 700 1- Gao Xinzi Business School, Sun Yat-Sen University, Guangzhou, China aut NATIONALLICENCE 700 1- Tsang Albert School of Accountancy, The Chinese University of Hong Kong, Shatin, Hong Kong aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 130/4(2015-09-01), 851-867 0167-4544 130:4<851 2015 130 10551