- Title
- Philanthropic giving, market-based performance and institutional ownership: evidence from an emerging economy
- Creator
- Bose, Sudipta; Podder, Jyotirmoy; Biswas, Kumar
- Relation
- British Accounting Review Vol. 49, Issue 4, p. 429-444
- Publisher Link
- http://dx.doi.org/10.1016/j.bar.2016.11.001
- Publisher
- Academic Press
- Resource Type
- journal article
- Date
- 2017
- Description
- This paper investigates the association of philanthropic giving with market-based performance and institutional ownership using data from banks in Bangladesh from 2007-2013. Our findings suggest that banks with a higher level of philanthropic giving achieve better performance, with a positive association also found between philanthropic giving and institutional ownership. This implies that institutional owners invest in banks that contribute more to philanthropic activities. These findings should be of interest to managers, regulators and policy makers in countries that share similar financial and socio-economic systems.
- Subject
- philanthropic giving; corporate social responsibility; firm performance; institutional shareholders; emerging economy
- Identifier
- http://hdl.handle.net/1959.13/1396166
- Identifier
- uon:34012
- Identifier
- ISSN:1095-8347
- Rights
- © 2017. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
- Language
- eng
- Full Text
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