“Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries
This study explores the corporate giving and financial performance nexus in tourism-related firms from four South Asia countries. Specifically, this study investigates if there exists an inverse U-shaped link between corporate giving and financial performance and assesses the potential bi-directiona...
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| Format: | Article |
| Language: | en |
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Penerbit Universiti Kebangsaan Malaysia
2019
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| Online Access: | http://journalarticle.ukm.my/14526/1/33511-104458-2-PB.pdf http://journalarticle.ukm.my/14526/ http://ejournal.ukm.my/pengurusan/issue/view/1167 |
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| author | Tan, Siow-Hooi Muzafar Shah Habibullah, Choon, Shay-Wei Azali Mohamed, |
| author_facet | Tan, Siow-Hooi Muzafar Shah Habibullah, Choon, Shay-Wei Azali Mohamed, |
| author_sort | Tan, Siow-Hooi |
| building | Tun Sri Lanang Library |
| collection | Institutional Repository |
| content_provider | Universiti Kebangsaan Malaysia |
| content_source | UKM Journal Article Repository |
| continent | Asia |
| country | Malaysia |
| description | This study explores the corporate giving and financial performance nexus in tourism-related firms from four South Asia countries. Specifically, this study investigates if there exists an inverse U-shaped link between corporate giving and financial performance and assesses the potential bi-directional relationship between these two variables. Results generated from system-GMM estimator reveal that the effects of corporate giving on both ROA and Tobin’s Q are curvilinear. In particular, an inverse U-shaped relationship is observed, implying that firms are rewarded for their corporate giving engagement, which denotes “doing-good” leads to “doing well,” within a certain limit. Interestingly, this study also finds evidence that the firms which perform well financially are shown to engage less in corporate giving. Specifically, “doing-well” firms are shown to lead to lower level of “doing good,” supporting the management opportunity hypothesis. This study has policy implications in pushing for further CSR initiatives in other industries and emerging markets. |
| format | Article |
| id | my-ukm.journal.14526 |
| institution | Universiti Kebangsaan Malaysia |
| language | en |
| publishDate | 2019 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | eprints |
| spelling | my-ukm.journal.145262020-05-02T05:20:13Z http://journalarticle.ukm.my/14526/ “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries Tan, Siow-Hooi Muzafar Shah Habibullah, Choon, Shay-Wei Azali Mohamed, This study explores the corporate giving and financial performance nexus in tourism-related firms from four South Asia countries. Specifically, this study investigates if there exists an inverse U-shaped link between corporate giving and financial performance and assesses the potential bi-directional relationship between these two variables. Results generated from system-GMM estimator reveal that the effects of corporate giving on both ROA and Tobin’s Q are curvilinear. In particular, an inverse U-shaped relationship is observed, implying that firms are rewarded for their corporate giving engagement, which denotes “doing-good” leads to “doing well,” within a certain limit. Interestingly, this study also finds evidence that the firms which perform well financially are shown to engage less in corporate giving. Specifically, “doing-well” firms are shown to lead to lower level of “doing good,” supporting the management opportunity hypothesis. This study has policy implications in pushing for further CSR initiatives in other industries and emerging markets. Penerbit Universiti Kebangsaan Malaysia 2019 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/14526/1/33511-104458-2-PB.pdf Tan, Siow-Hooi and Muzafar Shah Habibullah, and Choon, Shay-Wei and Azali Mohamed, (2019) “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries. Jurnal Pengurusan, 55 . pp. 13-22. ISSN 0127-2713 http://ejournal.ukm.my/pengurusan/issue/view/1167 |
| spellingShingle | Tan, Siow-Hooi Muzafar Shah Habibullah, Choon, Shay-Wei Azali Mohamed, “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries |
| title | “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries |
| title_full | “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries |
| title_fullStr | “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries |
| title_full_unstemmed | “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries |
| title_short | “Doing well” by “doing good”? Evidence from tourism-related firms in four South Asia countries |
| title_sort | “doing well” by “doing good”? evidence from tourism-related firms in four south asia countries |
| url | http://journalarticle.ukm.my/14526/1/33511-104458-2-PB.pdf http://journalarticle.ukm.my/14526/ http://ejournal.ukm.my/pengurusan/issue/view/1167 |
| url_provider | http://journalarticle.ukm.my/ |