Does Multimarket Contact Dampen Corporate Philanthropy? A Study on the Geographic Allocation of Corporate Philanthropy

Autor:	Xianyi Long, Xinming Deng, Douglas A. Schuler
Rok vydání:	2023
Předmět:	Business Management and Accounting (miscellaneous) Social Sciences (miscellaneous)
Zdroj:	Business & Society. :000765032311635
ISSN:	1552-4205 0007-6503
Popis:	While previous studies have discussed how much should be given by firms, less is known about how firms would spend these investments, such as strategically allocating these philanthropy activities across geographic markets. This study examines the impact of multimarket contact on corporate philanthropy in different geographic markets. Using Chinese property insurance firms from 2007 to 2015 as samples, the results show that firms are less likely to initiate philanthropy activities in geographic markets with high multimarket contact. We also found that the negative impact of multimarket competition on corporate philanthropy is stronger in highly concentrated markets. Moreover, this negative relationship is stronger when institutional distance at a firm level is low. Our study contributes to the literature on corporate philanthropy and multimarket contact.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4bb384335705ed9f1e380983c6d82a3a https://doi.org/10.1177/00076503231163526 Zobrazit plný text záznamu