愧疚与慈善捐赠：来自中国企业私有化的证据(AMJ2022)

题目：Guilt and Corporate Philanthropy: The Case of the Privatization in China（愧疚与慈善捐赠：来自中国企业私有化的证据）

摘要：Firms’ harm-inflicting decisions/actions can make firm leaders feel guilt toward those who are harmed, which then motivates them to make restitution through corporate philanthropy. Our primary setting for investigating this proposition is the privatization of Chinese firms. We argue that massive layoffs resulting from privatization triggered guilt among firm leaders to drive corporate philanthropy. The analysis of a national survey of Chinese private firms shows that on average privatized firms made approximately 26% more charitable contributions than firms founded as private. This is particularly the case when (1) privatization resulted in layoffs (vs. no layoffs), (2) their provinces experienced greater unemployment at the time of privatization, (3) their leaders were directly involved in privatization, (4) the influence of Confucianism was stronger in their provinces, and (5) firm leaders had stronger ties with laid-off workers. An interview-based field study of 25 firm leaders involved in privatization provides qualitative evidence for the influence of guilt on privatized firms’ philanthropy. Finally, a vignette experiment conducted on EMBA students shows the mediation of guilt between privatization and firms’ philanthropy intention. These findings establish guilt as a potent emotional driver of corporate philanthropy, helping redirect the attention of corporate philanthropy research to nonfinancial drivers.

研究问题：高管的愧疚心理与企业慈善捐赠；企业私有化带来的员工解雇作为研究场景

研究动机：关于慈善捐赠影响因素的研究大多聚焦于财务因素，鲜有关于非财务因素的影响

研究设计：档案研究（OLS）+田野调查+实验研究

研究贡献：从非财务因素的视角丰富了慈善捐赠的研究文献

特别的点：多种研究方法补充和协调

注：个人翻译和解读，可能存在疏漏和错误,仅供参考(20220504)。