The Promise of a Managerial Values Approach to Corporate Philanthropy |
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Authors: | Choi Jaepil Wang Heli |
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Institution: | (1) Management of Organizations, Hong Kong University of Science & Technology, Clear Water Bay, Kowloon, Hong Kong SAR, China |
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Abstract: | This article presents an alternative rationale for corporate philanthropy based on managerial values of benevolence and integrity.
On the one hand, top managers with benevolence and integrity values are more likely to spread their intrinsic concern for
others into the wider society in the form of corporate philanthropy. On the other hand, top managers high in benevolence and
integrity are likely to contribute to improved managerial credibility and trusting firm-stakeholder relationships, thereby
improving corporate financial performance. Therefore, the article makes the argument that both corporate philanthropy and
corporate financial performance can better be interpreted as resulting from managers’ benevolence and integrity values.
Jaepil Choi is an Assistant Professor at the Hong Kong University of Science and Technology. His research is focused on organizational
justice perceptions, leadership, work-family interface issues, and corporate social performance. He has published in Academy
of Management Journal, Journal of International Business Studies, Journal of Organizational Behavior, Leadership Quarterly,
Administration & Society, and Management and Organization Review.
Heli Wang is currently an Assistant Professor in strategic management at the Hong Kong University of Science and Technology.
Her areas of interests are in the resource-based view of the firm, stakeholder incentives, risk management and social performance.
She has previously published in Academy of Management Review, Journal of Economic Behavior and Organization, Journal of Applied
Psychology, and Long Range Planning. |
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Keywords: | corporate financial performance corporate philanthropy managerial values stakeholders |
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