e-Article
The Impact of Regional Differences in CEO Origin, Economic Level, and Confucian Culture on Charitable Donations by Chinese Companies
CEO 출신지, 경제수준과 유교문화의 지역간 차이가 중국 기업의 자선기부에 미치는 영향
CEO 출신지, 경제수준과 유교문화의 지역간 차이가 중국 기업의 자선기부에 미치는 영향
Document Type
Article
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Source
무역금융보험연구(구 무역보험연구), 04/30/2023, Vol. 24, Issue 2, p. 99-117
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Language
영어(ENG)
ISSN
2093-5811
Abstract
Purpose : This paper investigates the impact of firm's CEO origin, economy level and Confucian culture location on firm's charitable donation behavior and donation amount. Research design, data, methodology : Logistic model and Multivariate Ordinary Least Square (OLS) model are used to estimate their effect. This paper analyzes the data of listed companies from CSMAR database in China with 11087 samples. Results : Results show that firm’s diverse location (CEO origin, economy level and Confucian culture) and firm’s charitable donation are positively related. Conclusions : Our paper enriches upper echelon theory by providing that firm’s location environment has a significant impact on executive’s value and influences their decision-making and strategies. Finally, our results offer practical implications for government sectors to establish a perfect charity system of Chinese characteristics.