Board attributes and corporate philanthropy behavior during COVID-19: A case from China

Zhu Xuguang; Muhammad Ishfaq Ahmad; Joe Ueng; Vinita Ramaswamy

doi:10.1002/jcaf.22499

Board attributes and corporate philanthropy behavior during COVID-19: A case from China

Zhu Xuguang, Muhammad Ishfaq Ahmad, Joe Ueng, Vinita Ramaswamy

Research output: Contribution to journal › Article › peer-review

Abstract

This study examines the relationship between board attributes and corporate philanthropic behavior for combating the COVID-19 epidemic and stock price fluctuations The results show that the philanthropic behavior has a positive effect on the stock prices; that companies with female leaders are more likely to engage in philanthropic behavior; and that the proportion of female's directors is positively correlated with philanthropic behavior. Additionally, the results show that board size is negatively correlated with philanthropic behavior.

Original language	English
Pages (from-to)	61-67
Number of pages	7
Journal	Journal of Corporate Accounting and Finance
Volume	32
Issue number	3
DOIs	https://doi.org/10.1002/jcaf.22499
Publication status	Published - 1 Jul 2021
Externally published	Yes

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© 2021 Wiley Periodicals LLC.

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10.1002/jcaf.22499

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title = "Board attributes and corporate philanthropy behavior during COVID-19: A case from China",

abstract = "This study examines the relationship between board attributes and corporate philanthropic behavior for combating the COVID-19 epidemic and stock price fluctuations The results show that the philanthropic behavior has a positive effect on the stock prices; that companies with female leaders are more likely to engage in philanthropic behavior; and that the proportion of female's directors is positively correlated with philanthropic behavior. Additionally, the results show that board size is negatively correlated with philanthropic behavior.",

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AB - This study examines the relationship between board attributes and corporate philanthropic behavior for combating the COVID-19 epidemic and stock price fluctuations The results show that the philanthropic behavior has a positive effect on the stock prices; that companies with female leaders are more likely to engage in philanthropic behavior; and that the proportion of female's directors is positively correlated with philanthropic behavior. Additionally, the results show that board size is negatively correlated with philanthropic behavior.

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Board attributes and corporate philanthropy behavior during COVID-19: A case from China

Abstract

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