Charitable donation, managerial power, and sustainable development of enterprises—based on data analysis of Chinese listed companies. (September 2020)

• Record Type: Journal Article
• Authors: Guo, Furong; Yang, Wei; Gan, Shengdao; Liu, Xinyun
• Is Part Of: Journal of physics. Volume 1629(2020)
• Publication Date: 2020-09
• Subjects: Physics -- Congresses; 530.5
• DOI: 10.1088/1742-6596/1629/1/012086
• Languages: English
• ISSNs: 1742-6588

Abstract

Abstract: As an important strategic enterprise decision, charitable donation plays an important role in the operation and growth of enterprises, and managers can have an important impact on the selection and implementation of enterprise strategies. Therefore, we used data analysis methods to test the relationship between managerial power and philanthropic donation on the sustainable development of Chinese A-share listed companies from 2008 to 2017. The result shows that charitable donation can promote the sustainable development of enterprises, while managerial power plays a negative regulatory role in the development. The findings provide empirical evidences for us to combine corporate donation and management power when considering the promotion of sustainable development of enterprises.