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Board composition and corporate philanthropy

Jia Wang, Betty S. Coffey

Journal of Business Ethics · 1992 · Volume 11 · Issue 10

DOI: 10.1007/BF00872309

Abstract

Using agency theory, this study empirically examined the relationship between board composition and corporate philanthropy. Generally, the ratio of insiders to outsiders, the percentage of insider stock ownership, and the proportion of female and minority board members were found to be positively and significantly associated with firms' charitable contributions.

Keywords

Economic Growth, Board Member, Agency Theory, Corporate Philanthropy, Charitable Contribution

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