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Corporate philanthropy: Antecedents, consequences, and implications for corporate governance

In: Handbook on Corporate Governance and Corporate Social Responsibility

Author

Listed:
  • Steve Sauerwald
  • Weichieh Su

Abstract

Corporate philanthropy is an important dimension of corporate social responsibility (CSR) and an increasingly important part of a company’s strategy. In this chapter, we review the antecedents of corporate philanthropy divided into internal and external antecedents. Next, we will review some consequences of corporate philanthropy as well as consider some important governance conditions that may affect the effective investment of philanthropic resources. We end our chapter with key takeaways for boards of directors, management, and shareholders.

Suggested Citation

  • Steve Sauerwald & Weichieh Su, 2024. "Corporate philanthropy: Antecedents, consequences, and implications for corporate governance," Chapters, in: Michel Magnan & Giovanna Michelon (ed.), Handbook on Corporate Governance and Corporate Social Responsibility, chapter 15, pages 192-203, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21347_15
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802208771.00026
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