Earticle

초록

영어

The study examines the relationship between foreign ownership of Chinese listed firms and the likelihood and extent of corporate philanthropic giving, using five year longitudinal data of 300 firms during 2009-2013. The study finds that there is negative relationship between foreign ownership and the likelihood of corporate donation, suggesting that foreign investors may play disciplinary roles in monitoring incumbent managers of focal firms where they have financial stakes. The study also show that there is negative relationship between foreign ownership and the extent of corporate philanthropic giving, implying that foreign investors may exert monitoring services to focal firms where they have financial stakes, which may lead to reduction in incumbent managers' private consumption on corporate donation. Overall the findings suggest that foreign investors in Chinese listed firms exercise active monitoring role, which help to mitigate the agency problems arising in the decision of corporate donation.

목차

Abstract
 Ⅰ. 서론
 Ⅱ. 이론적 배경 및 연구 가설
 Ⅲ. 표본 및 실증 모형
 Ⅳ. 실증 분석 결과
 Ⅴ. 결론
 참고문헌

키워드

저자

• 조영곤 [ Young-Gon Cho | 상명대학교 글로벌경영학과 교수 ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380