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Corporate Philanthropy Strategy and Sustainable Development Goals

Author

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  • Hui-Cheng Yu

    (Department of Accounting Information, Chihlee University of Technology, New Taipei City 22050, Taiwan)

  • Lopin Kuo

    (Department of Accounting, Tamkang University, New Taipei City 25137, Taiwan)

Abstract

This paper investigates the charitable giving of Chinese firms from the perspectives of four sustainable development goals (SDGs), including Economy , Operation , Harmony , and Management . By converting corporate financial data into four independent variables, namely Economy , Operation , Harmony , and Management , this study explores philanthropic giving for SDGs. The empirical evidence shows that corporate philanthropy has a significant and positive effect on Economy , Operation and Harmony , and it is negatively related to Management . This study finds that the sample firms would undertake some social responsibilities for the economic and political benefits of legitimization or corporate philanthropy.

Suggested Citation

  • Hui-Cheng Yu & Lopin Kuo, 2021. "Corporate Philanthropy Strategy and Sustainable Development Goals," Sustainability, MDPI, vol. 13(10), pages 1-10, May.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:10:p:5655-:d:557088
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    References listed on IDEAS

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    2. Lei Xu & Xiaoning Guo & Yan Liu & Xiaochen Sun & Jie Ji, 2022. "How Does Corporate Charitable Giving Affect Enterprise Innovation? A Literature Review and Research Directions," Sustainability, MDPI, vol. 14(23), pages 1-21, November.
    3. Trespeuch Léo & Robinot Élisabeth, 2023. "Exploring the Impact of Corporate Philanthropy on Brand Authenticity in the Luxury Industry: Scale Development and Empirical Studies," Sustainability, MDPI, vol. 15(16), pages 1-21, August.
    4. Elías Domingo‐Posada & Pilar L. González‐Torre & Marta M. Vidal‐Suárez, 2024. "Sustainable development goals and corporate strategy: A map of the field," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2733-2748, July.
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