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Article: Corporate Philanthropy, Research Networks, and Collaborative Innovation

TitleCorporate Philanthropy, Research Networks, and Collaborative Innovation
Authors
Issue Date2016
PublisherWiley-Blackwell. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0046-3892
Citation
Financial Management, 2016, v. 45 n. 1, p. 175-206 How to Cite?
AbstractUsing a unique dataset of corporate philanthropy, we find that direct giving activities are positively associated with higher levels and more influential, collaborative, and original innovation. In contrast, our results do not hold for corporate foundations’ contributions. Our results suggest that much of what is ostensibly promoted as philanthropy actually reflects research-related networking activities. The effect of direct giving on innovation is more pronounced in more opaque firms and more innovative and competitive industries. These findings provide evidence of the distinct motives by which firms choose between direct giving and foundation giving. Our study suggests that firms can use direct philanthropy to expand firm-boundaries by developing innovation with research partners.
Persistent Identifierhttp://hdl.handle.net/10722/216346
ISSN
2015 Impact Factor: 0.774
2015 SCImago Journal Rankings: 0.837

 

DC FieldValueLanguage
dc.contributor.authorBereskin, FL-
dc.contributor.authorCampbell, TL-
dc.contributor.authorHsu, P-
dc.date.accessioned2015-09-15T07:44:04Z-
dc.date.available2015-09-15T07:44:04Z-
dc.date.issued2016-
dc.identifier.citationFinancial Management, 2016, v. 45 n. 1, p. 175-206-
dc.identifier.issn0046-3892-
dc.identifier.urihttp://hdl.handle.net/10722/216346-
dc.description.abstractUsing a unique dataset of corporate philanthropy, we find that direct giving activities are positively associated with higher levels and more influential, collaborative, and original innovation. In contrast, our results do not hold for corporate foundations’ contributions. Our results suggest that much of what is ostensibly promoted as philanthropy actually reflects research-related networking activities. The effect of direct giving on innovation is more pronounced in more opaque firms and more innovative and competitive industries. These findings provide evidence of the distinct motives by which firms choose between direct giving and foundation giving. Our study suggests that firms can use direct philanthropy to expand firm-boundaries by developing innovation with research partners.-
dc.languageeng-
dc.publisherWiley-Blackwell. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0046-3892-
dc.relation.ispartofFinancial Management-
dc.rightsThis is the accepted version of the following article: Financial Management, 2016, v. 45 n. 1, p. 175-206, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/fima.12078/full-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleCorporate Philanthropy, Research Networks, and Collaborative Innovation-
dc.typeArticle-
dc.identifier.emailHsu, P: paulhsu@hku.hk-
dc.identifier.authorityHsu, P=rp01553-
dc.description.naturepostprint-
dc.identifier.doi10.1111/fima.12078-
dc.identifier.hkuros246040-
dc.identifier.volume45-
dc.identifier.issue1-
dc.identifier.spage175-
dc.identifier.epage206-
dc.publisher.placeUnited States-

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