Research on the relationship between corporate philanthropy and executive hidden corruption

IF 5.6 2区 经济学 Q1 BUSINESS, FINANCE
Caijie Zhu , Luyao Zhang , Shuai Yu , Lizhong Hao
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引用次数: 0

Abstract

This study examines the relationship between corporate philanthropy and executive hidden corruption using data from A-share listed companies in China from 2012 to 2022. The results show that higher levels of charitable donations are associated with a greater likelihood of hidden executive corruption. Effective internal control significantly weakens this relationship. This effect is more pronounced in non-state-owned enterprises, where both the positive association and the moderating role of effective internal control are stronger. Further analysis reveals that while media attention does not eliminate the positive link, it reduces its strength, along with the moderating impact of internal control. Board independence does not directly influence the philanthropy-corruption relationship; however, in state-owned enterprises with strong board independence, the mitigating role of internal control becomes more evident. these findings offer insights into how corporate governance mechanisms and external oversight can help curb executive misconduct associated with philanthropic activities.
企业慈善事业与高管隐性腐败关系研究
本研究利用2012 - 2022年中国a股上市公司的数据,考察了企业慈善与高管隐性腐败之间的关系。研究结果表明,慈善捐赠水平越高,高管隐性腐败的可能性越大。有效的内部控制显著地削弱了这种关系。这种效应在非国有企业中更为明显,有效内部控制的正向关联和调节作用都更强。进一步的分析表明,虽然媒体关注并没有消除这种积极联系,但它降低了其强度,以及内部控制的缓和作用。董事会独立性不直接影响慈善-腐败关系;然而,在董事会独立性较强的国有企业中,内部控制的缓解作用更为明显。这些发现为公司治理机制和外部监督如何帮助遏制与慈善活动相关的高管不当行为提供了见解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.30
自引率
2.20%
发文量
253
期刊介绍: The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.
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