TY - JOUR
T1 - Religious atmosphere, seismic impact, and corporate charitable donations in China
AU - Huang, Ruixian
AU - Shi, Yujing
AU - Li, Danyang
AU - Wang, Shuoxiang
AU - Jia, Zhehao
N1 - Funding Information:
We collect seismic data for the 2009–2020 period for a total of 6888 tectonic and collapse earthquakes from the National Earthquake Data Center (NEDC)13; this dataset provides details on the earthquake occurrence date, type, epicentre location (including latitude and longitude), focal depth, magnitude type, and scale. Subsequently, we manually classify these earthquakes into the four seismic regions14 of China as defined by Yu et al. (2013); see Appendix 1 (Table A1) for details.
Publisher Copyright:
© 2024 The Author(s)
PY - 2024/3
Y1 - 2024/3
N2 - This study examines the external socio-cultural and natural environment factors that driving corporate philanthropy in China. We focus on two predominant influences: religiosity, specifically the traditional Three-Teachings (Confucianism, Buddhism, and Taoism), and seismic activities. Using a large sample of 31,673 firm-year observations from Chinese listed firms from 2009 to 2020, our findings reveal that (a) firms immersed in more pronounced religious-cultural presence have higher donation incentives, and (b) firms experiencing higher seismic impacts or are located in high seismic risk areas show heightened corporate philanthropic tendencies. Our multidisciplinary approach bridges various academic disciplines, presenting an innovative framework for understanding the intersection of corporate philanthropy, socio-cultural environments, and natural disasters in China. Overall, we highlight the importance of external environmental factors in shaping corporate charitable behaviours.
AB - This study examines the external socio-cultural and natural environment factors that driving corporate philanthropy in China. We focus on two predominant influences: religiosity, specifically the traditional Three-Teachings (Confucianism, Buddhism, and Taoism), and seismic activities. Using a large sample of 31,673 firm-year observations from Chinese listed firms from 2009 to 2020, our findings reveal that (a) firms immersed in more pronounced religious-cultural presence have higher donation incentives, and (b) firms experiencing higher seismic impacts or are located in high seismic risk areas show heightened corporate philanthropic tendencies. Our multidisciplinary approach bridges various academic disciplines, presenting an innovative framework for understanding the intersection of corporate philanthropy, socio-cultural environments, and natural disasters in China. Overall, we highlight the importance of external environmental factors in shaping corporate charitable behaviours.
KW - religious and cultural atmosphere
KW - informal institution
KW - seismic activity
KW - natural disaster
KW - corporate philanthropy
U2 - 10.1016/j.eneco.2024.107369
DO - 10.1016/j.eneco.2024.107369
M3 - Article
SN - 0140-9883
VL - 131
JO - Energy Economics
JF - Energy Economics
M1 - 107369
ER -