Abstract
We examine the drivers of corporate donations in Jordan. In particular, to examine whether firm-specific characteristics and ownership types affect corporate donations. The analysis is based on a sample of 94 Jordanian listed companies, drawn from the manufacturing and service sectors, over the period 2010-2016. Using OLS regression with year and industry fixed effects; we find that corporate philanthropic contributions are positively associated with company size, age, profitability, media exposure, and governmental ownership. We also find that corporate philanthropic contributions are negatively associated with financial leverage and family ownership. Our study offers a number of important implications for business strategists from the perspective of corporate social performance.
| Original language | English |
|---|---|
| Journal | Journal of Financial Reporting and Accounting |
| Early online date | 5 Apr 2021 |
| DOIs | |
| Publication status | Early online - 5 Apr 2021 |
Keywords
- Corporate philanthropy
- corporate social responsibility
- Jordan
- stakeholder theory
Access to Document
- HUSSAINEY_2021_cright_Do Firm Characteristics and Ownership Structure affect Corporate Philanthropic Contributions in Jordan
Ananzeh, H., Alshurafat, H. and Hussainey, K. (2021), "Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?", Journal of Financial Reporting and Accounting, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFRA-08-2020-0249. Copyright © 2020, Emerald Publishing Limited. All rights reserved.