Determinants of Corporate Philanthropy: A Case of Karachi Stock Exchange

Uzma BASHİR

doi:https://doi.org/10.33818/ier.308565

Makale detayları

Determinants of Corporate Philanthropy: A Case of Karachi Stock Exchange

Yazarlar:

Uzma BASHİR

Yayıncı:

Econometric Research Association

Dergi:

International Econometric Review 2017 Vol.9 Issue 1, pp.21-38

Belge Tipi:

Makale

Yayın Tarihi:

4/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000717662

Sıklık:

Üç Aylık

eISSN:

1308-8815

pISSN:

1308-8793

DOI:

https://doi.org/10.33818/ier.308565

Özet:

 


Corporate Philanthropy (CP) has become increasingly
important as a means of filling gaps in the provision of social services using
Public-Private partnerships. Very little research exists on determinants and
motives of CP in Pakistan. This paper utilizes data from the 2001-2011 Annual
Reports  of 234 firms listed on the
Karachi Stock Exchange (KSE) to analyze the association of CP with different
firm specific factors like firm size, firm visibility, labor intensity, firm’s
financial position (measured as profitability, leverage, cash and equivalent
balance, and dividend payout), and the impact of natural disasters on CP.
Because this is the first study on this data set, we have employed exploratory
data analysis techniques and carefully consider the impact of outliers and
other non-standard features of the data. We have used Panel data analytic
techniques as well as the Tobit model to analyze the associations between
different firm specific factors and CP. We found that firm size, prior
profitability, and natural disaster have significant positive impact on CP. We
found no evidence that firms are using philanthropy for image creation.
Furthermore, exploratory data analysis shows that there are some clusters of
firms, which behave differently. Standard regression analysis techniques cannot
deal with such cases that require more sophisticated treatment.


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Makale detayları

Determinants of Corporate Philanthropy: A Case of Karachi Stock Exchange

Yazarlar: Uzma BASHİR

Yayıncı: Econometric Research Association

Dergi: International Econometric Review 2017 Vol.9 Issue 1, pp.21-38

Belge Tipi: Makale

Yayın Tarihi: 4/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000717662

Sıklık: Üç Aylık

eISSN: 1308-8815

pISSN: 1308-8793

DOI: https://doi.org/10.33818/ier.308565

Sayı

Yazarlar:

Uzma BASHİR

Yayıncı:

Econometric Research Association

Dergi:

International Econometric Review 2017 Vol.9 Issue 1, pp.21-38

Belge Tipi:

Makale

Yayın Tarihi:

4/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000717662

Sıklık:

Üç Aylık

eISSN:

1308-8815

pISSN:

1308-8793

DOI:

https://doi.org/10.33818/ier.308565