IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-04754870.html
   My bibliography  Save this paper

Donations in the Dark

Author

Listed:
  • Ionela Andreicovici

    (Frankfurt School of Finance & Management)

  • Nava Cohen

    (NJCU - New Jersey City University)

  • Alessandro Ghio

    (ULaval - Université Laval [Québec])

  • Luc Paugam

    (HEC Paris - Ecole des Hautes Etudes Commerciales)

Abstract

We examine the impact of the 2013 shift from mandatory to voluntary disclosure of corporate philanthropy in the United Kingdom (UK). Using a difference-indifferences approach over the period 2009-2017, we find that, relative to a sample of United States firms, UK firms (i) reduce corporate philanthropy disclosure and (ii) increase corporate philanthropic donations in the voluntary period. The increases in donations are more pronounced for firms with CEOs who have more connections to charities. Moreover, we find that in the voluntary period, UK firms that decrease corporate philanthropy disclosure increase donations and donate to more prestigious charities. Overall, our results point towards the idea that the shift to voluntary disclosure (i) reduces managerial incentives to transparently report corporate philanthropic activities and (ii) exacerbates managers' incentives to engage in self-serving corporate donations.

Suggested Citation

  • Ionela Andreicovici & Nava Cohen & Alessandro Ghio & Luc Paugam, 2024. "Donations in the Dark," Working Papers hal-04754870, HAL.
    • Handle: RePEc:hal:wpaper:hal-04754870
    DOI: 10.2139/ssrn.4743937
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:hal:wpaper:hal-04754870. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.