Research on the Impact of Strategic Charitable Donation on Corporate Sustainable DeveLopment
Based on the data of A-share listed companies from 2009 to 2021,this paper explores the impact of strategic charitable donations on corporate sustainable development and its mechanism.Results show that strategic charitable dona-tions promote corporate sustainable development.Mechanism tests show that strategic charitable donations promote the enter-prises sustainable development by improving the quality of human capital and alleviating the financing constraints.Heteroge-neity analysis shows that strategic charitable donations have a more substantial value-added effect on mature-stage enter-prises,high media attention enterprises,and state-owned enterprises.
NETL
NSTL
万方数据
