Research on the Impact of Corporate Charitable Donations on Financial Performance Based on Life Cycle Theory

doi:10.14088/j.cnki.issn0439-8114.2018.22.038

Abstract

Abstract: In view of the different characteristics of the company at different life cycle stages, the impact of charitable donations on the financial performance of the company was also different at each stage. The A-share listed companies from 2012 to 2015 are selected as samples, with the total return on assets as the total return on assets. The impact of company's charitable donations on its financial performance over time was analyzed. The results showed that when the enterprise is in the growth stage, charitable donation is positively related to financial performance; when the enterprise is in maturity, charitable donation is positively related to financial performance; when the enterprise is in a recession, charitable donation is negatively correlated with financial performance.

Key words: corporate life cycle, financial performance, charitable donations

CLC Number:

GU Wen-lin, RONG Chi, LYU Su. Research on the Impact of Corporate Charitable Donations on Financial Performance Based on Life Cycle Theory[J]. HUBEI AGRICULTURAL SCIENCES, 2018, 57(22): 141-145.

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Research on the Impact of Corporate Charitable Donations on Financial Performance Based on Life Cycle Theory

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