The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective

C. Godfrey, Paul

doi:10.5465/amr.2005.18378878

Public

The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective

Published in Academy of Management Review • Oct 1, 2005

Authors:

Paul C. Godfrey

Abstract

I present a complex theoretical explanation that draws on multiple bodies of literature to present an academically rigorous version of a simple argument: good deeds earn chits. I advance/defend three core assertions: (1) corporate philanthropy can generate positive moral capital among communities an...

Subject

Shareholder

Argument (complex analysis)

Perspective (graphical)

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