Charity, incentives, and performance

Dijk, Oege; Holmén, Martin

doi:10.1016/j.socec.2016.04.005

Cited by 14 publications

(6 citation statements)

References 27 publications

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“…Within the concept of CSR, charity is classified as belonging to CSR's social dimension [90], and it constitutes the historical basis on which the concept is built [1]. Dijk and Holmén claimed that charity increases financial performance by reducing moral hazards in incomplete contract environments [91]. The increasing trend toward charitable activities in developing countries also confirms the Pakistan Centre for Philanthropy's report from 2006 [56], which reported a significant increase in the philanthropic activities of joint stock companies which mainly focus on health and education in Pakistan.…”

Section: Discussion and Implicationmentioning

confidence: 99%

Corporate Social Responsibility and Social Media: Comparison between Developing and Developed Countries

et al. 2020

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Social media allow companies to engage with their interest groups, thus enabling them to solidify corporate social responsibility (CSR) policies. The concept of CSR is now well-established for companies in Western countries, and CSR is becoming an increasingly popular topic in developing countries. This study investigated differences in the perception of the term ‘CSR’ on Instagram between developing and developed countries. We analysed 113,628 Instagram messages from 38,590 unique users worldwide. The data were recorded between 19 November 2017 and 11 December 2018. In both developed and developing countries, charity and social good were common features. On the contrary, a difference was identified in the area of sustainability, which is an important part of communication in developed countries, and the area of education, which is an important part of communication in developing countries. Community analysis revealed four dominant communities in developed countries: (1) philanthropic responsibility, (2) environmental sustainability, (3) pleasure from working and (4) start-ups with CSR; and three in developing countries: (1) social and environmental responsibility, (2) philanthropic responsibility and (3) reputation management. These results could facilitate the strategic management of CSR to adapt communication to local environments and company contexts. Our findings could allow managers to focus CSR activities on relevant issues in developing countries and thus differentiate their CSR communication from competing organizations.

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Section: Discussion and Implicationmentioning

confidence: 99%

Corporate Social Responsibility and Social Media: Comparison between Developing and Developed Countries

et al. 2020

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“…Consistent with the model of "warm glow" (Andreoni 1990(Andreoni , 1993, prosocial incentives have been shown be particularly effective for motivating performance-significantly more so than standard monetary incentiveswhen stake sizes are relatively low. This has launched a now sizable literature exploring the motivational effects of prosocial incentives on improving outcomes of interest (Cassar 2014, Charness et al 2016, DellaVigna and Pope 2017, Dijk and Holmén 2017, Kajackaite and Sliwka 2017, Koppel et al 2015, Tonin and Vlassopoulos 2015, Yang et al 2014.…”

Section: Introductionmentioning

confidence: 99%

Opting-in to prosocial incentives

Schwartz

Keenan²,

Imas

et al. 2021

Organizational Behavior and Human Decision Processes

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Prior work has demonstrated that prosocial incentives-where individuals' effort benefits a charitable organization-can be more effective than standard incentives, particularly when the stakes are low. Yet, little is known about the effectiveness of prosocial incentives on people's decisions to participate or opt-in to the incentivized activity in the first place. We examined the effectiveness of prosocial incentives on people's participation decisions using two distinct field experiments, one that sought to encourage recycling and the other that incentivized completion of effortful tasks. Across both studies, we found that individuals were more likely to avoid activities that involved prosocial incentives, compared to standard incentives, regardless of incentive size, and even when the donation was optional. Our results identify a significant limit for the scope of prosocial incentives as effective motivation tools.

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“…Acting in a socially responsible manner brings many benefits to the firm. The literatures in management and accounting have drawn links from CSR to improved firm financial performance (for a review, see Orlitzky, Schmidt, & Rynes, ), reporting quality (Bereskin, Campbell, & Kedia, ; Kim, Park, & Wier, ), information environment (Schadewitz & Niskala, ), contracting terms from employees and customers (Burbano, ; Elfenbein & McManus, ), and employee effort (Dijk & Holmén, ; Flammer, ; Flammer & Luo, ; Porter & Kramer, ). The vast majority of this research focuses on socially responsible decisions that managers make with owners’ resources.…”

Section: Hypothesis Development and Theorymentioning

confidence: 99%

The dark side of individual blockholder philanthropy

Shohfi

White

2019

Financial Management

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We examine the market reaction to charitable pledges by individual blockholders of public firms. As this philanthropy may signal a weakening preference for wealth maximization and may be indicative of distraction or relaxed monitoring, these agency costs may overwhelm any reputation benefits. We find decreased firm value and lower pay‐for‐performance sensitivity, the effects of which are most severe where monitoring needs are high, the blockholder is a director, or when the firm has ex ante high corporate social responsibility ratings. Our results are robust to controlling for prior charitable foundation involvement, busy director–blockholders, dual‐class share structures, blockholder exit, and pre‐pledge firm sentiment.

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Charity, incentives, and performance

Cited by 14 publications

References 27 publications

Corporate Social Responsibility and Social Media: Comparison between Developing and Developed Countries

Corporate Social Responsibility and Social Media: Comparison between Developing and Developed Countries

Opting-in to prosocial incentives

The dark side of individual blockholder philanthropy

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