TY - JOUR
T1 - PHILANTHROPY AS A CORPORATE STRATEGY
AU - Shiozawa, Shuhei
PY - 1995
Y1 - 1995
N2 - An attempt to formulate the implications of corporate “philanthropy” by private firms is made in this paper. By philanthropy we mean the public activities of private agents, which are not carried out through the ordinary price mechanism. From the point of view of social roles, corporate philanthropy complements the price mechanism as do the government sector, non‐profit organizations and individuals. Here we formulate corporate philanthropy as the product of two possible motivations: either as a means of long‐term profit maximization, or as a direct element in an objective function of a firm.
AB - An attempt to formulate the implications of corporate “philanthropy” by private firms is made in this paper. By philanthropy we mean the public activities of private agents, which are not carried out through the ordinary price mechanism. From the point of view of social roles, corporate philanthropy complements the price mechanism as do the government sector, non‐profit organizations and individuals. Here we formulate corporate philanthropy as the product of two possible motivations: either as a means of long‐term profit maximization, or as a direct element in an objective function of a firm.
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U2 - 10.1111/j.1468-5876.1995.tb00028.x
DO - 10.1111/j.1468-5876.1995.tb00028.x
M3 - Article
AN - SCOPUS:84985097708
SN - 1352-4739
VL - 46
SP - 367
EP - 382
JO - Japanese Economic Review
JF - Japanese Economic Review
IS - 4
ER -