Does empathy induce higher corporate prosocial behavior? Evidence from corporate giving

Lamia Chourou, Khaled Elmawazini () and Ashrafee Hossain

Finance Research Letters, 2022, vol. 50, issue C

Abstract: This study examines whether and how cross-country differences in trait empathy can explain differences in corporate social performance. Using an international sample of 18,433 firm-year observations across 46 countries, we find that corporate giving is positively related to the degree of empathy at the country level. Our results are robust to a battery of sensitivity analyses.

Keywords: Corporate social performance; Corporate donation; Corporate philanthropy; Empathy (search for similar items in EconPapers)
JEL-codes: G3 I3 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:50:y:2022:i:c:s154461232200424x

DOI: 10.1016/j.frl.2022.103219

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