IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v52y2016i10p2364-2378.html
   My bibliography  Save this article

Getting Attention Through Corporate Philanthropy

Author

Listed:
  • Yunhao Dai
  • Dongmin Kong

Abstract

This study investigates whether firm donations will attract attention for firms without analyst coverage. We find that: (1) the donations from firms without analyst coverage attract more attention from analysts, (2) donations from firms without analyst coverage improve stock liquidity and institutional holdings at least in the short run, and (3) donations from firms without analyst coverage are positively and significantly related to the future performance of firms compared with those from firms covered by analysts. This study contributes to the understanding of the influence of analysts on firms and the strategic motivations of corporate philanthropy.

Suggested Citation

  • Yunhao Dai & Dongmin Kong, 2016. "Getting Attention Through Corporate Philanthropy," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(10), pages 2364-2378, October.
    • Handle: RePEc:mes:emfitr:v:52:y:2016:i:10:p:2364-2378
    DOI: 10.1080/1540496X.2015.1073511
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2015.1073511
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2015.1073511?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Chunqiang & Hao, Dayu & Gao, Lu & Xia, Fan & Zhang, Linlang, 2024. "Do ESG ratings improve capital market trading activities?," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 195-210.
    2. Roger, Tristan, 2024. "Do financial analysts care about ESG ?," Finance Research Letters, Elsevier, vol. 63(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:52:y:2016:i:10:p:2364-2378. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.