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Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?

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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 languageEnglish
JournalJournal of Financial Reporting and Accounting
Early online date5 Apr 2021
Publication statusEarly online - 5 Apr 2021


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