PHILANTHROPY AS A CORPORATE STRATEGY

Shuhei Shiozawa

Research output: Contribution to journalArticle

Abstract

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.

Original languageEnglish
Pages (from-to)367-382
Number of pages16
JournalJapanese Economic Review
Volume46
Issue number4
DOIs
Publication statusPublished - 1995

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ASJC Scopus subject areas

  • Economics and Econometrics

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