The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China
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...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-05-01
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| Series: | Frontiers in Psychology |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.850980/full |
| _version_ | 1811255608177852416 |
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| author | Qi Pan Zhangjie Huang |
| author_facet | Qi Pan Zhangjie Huang |
| author_sort | Qi Pan |
| collection | DOAJ |
| description | 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 when potential biases in the quantitative analysis are considered. Further research shows that environmental dynamism and board fault lines inhibit the performance of the above two functions. The contributions of the study include clarifying the functional characteristics of the BOD in CP and its influencing factors, revealing new theories to the formation mechanism of CP, which provide references for enterprises to optimize philanthropic decision-making. The limitation should also be emphasized that our findings are based only on Chinese contexts. |
| first_indexed | 2024-04-12T17:26:23Z |
| format | Article |
| id | doaj.art-92598bfd12114760ab658a705d77db49 |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-12T17:26:23Z |
| publishDate | 2022-05-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-92598bfd12114760ab658a705d77db492022-12-22T03:23:17ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-05-011310.3389/fpsyg.2022.850980850980The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From ChinaQi Pan0Zhangjie Huang1Institute of Service Engineering, Hangzhou Normal University, Hangzhou, ChinaSchool of Economics, Hangzhou Normal University, Hangzhou, ChinaAs 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 when potential biases in the quantitative analysis are considered. Further research shows that environmental dynamism and board fault lines inhibit the performance of the above two functions. The contributions of the study include clarifying the functional characteristics of the BOD in CP and its influencing factors, revealing new theories to the formation mechanism of CP, which provide references for enterprises to optimize philanthropic decision-making. The limitation should also be emphasized that our findings are based only on Chinese contexts.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.850980/fullcorporate philanthropyboard of directorsmonitoringconsultingenvironmental dynamismboard fault lines |
| spellingShingle | Qi Pan Zhangjie Huang The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China Frontiers in Psychology corporate philanthropy board of directors monitoring consulting environmental dynamism board fault lines |
| title | The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China |
| title_full | The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China |
| title_fullStr | The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China |
| title_full_unstemmed | The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China |
| title_short | The Functions of the Board of Directors in Corporate Philanthropy: An Empirical Study From China |
| title_sort | functions of the board of directors in corporate philanthropy an empirical study from china |
| topic | corporate philanthropy board of directors monitoring consulting environmental dynamism board fault lines |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.850980/full |
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