How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China

Charitable donations are an effective way for heavy-pollution industries to reduce their environmental reputation risk. In China, the communist party committees within corporations play a key role in decisions regarding charitable donations. However, relatively little is known about the relationship...

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Autores principales:	Huiming Zhang, Lirong Li, Cheng Fan, Zixuan Hang, Haroon ur Rashid Khan
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	corporate party committee governance heavy-pollution industries corporate donations heterogeneity test marketization level monopoly strength Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/28bf5e5930ce4dd28171e24a4db42719
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spelling	oai:doaj.org-article:28bf5e5930ce4dd28171e24a4db427192021-11-11T19:48:48ZHow Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China10.3390/su1321122422071-1050https://doaj.org/article/28bf5e5930ce4dd28171e24a4db427192021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12242https://doaj.org/toc/2071-1050Charitable donations are an effective way for heavy-pollution industries to reduce their environmental reputation risk. In China, the communist party committees within corporations play a key role in decisions regarding charitable donations. However, relatively little is known about the relationship between the governance of corporate party committees and charitable donations. Using data from Chinese listed firms in heavy-pollution industries from 2013 to 2018, we found that corporate party committee governance enhanced the willingness of firms to donate and to increase the amount of their donations significantly. The effect on intention of charitable donations was pronounced for non-state-owned enterprises (NSOEs), whereas the effect on the amount of donations was pronounced for state-owned enterprises (SOEs). Party committee governance increased the amount of charitable donations in regions with a higher level of marketization, but it reduced the amount of charitable donations in firms/industries with a high degree of monopoly. Our findings provide insight for the decisive role of party committees in corporate charitable donations in heavy-pollution industries.Huiming ZhangLirong LiCheng FanZixuan HangHaroon ur Rashid KhanMDPI AGarticlecorporate party committee governanceheavy-pollution industriescorporate donationsheterogeneity testmarketization levelmonopoly strengthEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12242, p 12242 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate party committee governance heavy-pollution industries corporate donations heterogeneity test marketization level monopoly strength Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	corporate party committee governance heavy-pollution industries corporate donations heterogeneity test marketization level monopoly strength Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Huiming Zhang Lirong Li Cheng Fan Zixuan Hang Haroon ur Rashid Khan How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China
description	Charitable donations are an effective way for heavy-pollution industries to reduce their environmental reputation risk. In China, the communist party committees within corporations play a key role in decisions regarding charitable donations. However, relatively little is known about the relationship between the governance of corporate party committees and charitable donations. Using data from Chinese listed firms in heavy-pollution industries from 2013 to 2018, we found that corporate party committee governance enhanced the willingness of firms to donate and to increase the amount of their donations significantly. The effect on intention of charitable donations was pronounced for non-state-owned enterprises (NSOEs), whereas the effect on the amount of donations was pronounced for state-owned enterprises (SOEs). Party committee governance increased the amount of charitable donations in regions with a higher level of marketization, but it reduced the amount of charitable donations in firms/industries with a high degree of monopoly. Our findings provide insight for the decisive role of party committees in corporate charitable donations in heavy-pollution industries.
format	article
author	Huiming Zhang Lirong Li Cheng Fan Zixuan Hang Haroon ur Rashid Khan
author_facet	Huiming Zhang Lirong Li Cheng Fan Zixuan Hang Haroon ur Rashid Khan
author_sort	Huiming Zhang
title	How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China
title_short	How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China
title_full	How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China
title_fullStr	How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China
title_full_unstemmed	How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China
title_sort	how does corporate party committee governance affect charitable donations? evidence from heavy-pollution industries in china
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/28bf5e5930ce4dd28171e24a4db42719
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How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China

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