State ownership, institutional development, and corporate philanthropic giving: an integrated view of legitimacy–efficiency trade-offs

References

• Aiken, L. S., & West, S. G. (1991). Multiple regression: Testing and interpreting interactions. SAGE.
   Google Scholar
• Bao, F., Zhao, Y., Tian, L., & Li, Y. (2019). From financial misdemeanants to recidivists: The perspective of social networks. Management and Organization Review, 15(4), 809–827. https://doi.org/https://doi.org/10.1017/mor.2019.13
   Web of Science ®Google Scholar
• Bernerth, J. B., & Aguinis, H. (2016). A critical review and best-practice recommendations for control variable usage. Personnel Psychology, 69(1), 229–283. https://doi.org/https://doi.org/10.1111/peps.12103
   Web of Science ®Google Scholar
• Bonacich, P. (1972). Factoring and weighting approaches to status scores and clique identification. The Journal of Mathematical Sociology, 2(1), 113–120. https://doi.org/https://doi.org/10.1080/0022250X.1972.9989806
   Web of Science ®Google Scholar
• Chang, Y. K., Oh, W. Y., Park, J. H., & Jang, M. G. (2017). Exploring the relationship between board characteristics and CSR: Empirical evidence from Korea. Journal of Business Ethics, 140(2), 225–242. https://doi.org/https://doi.org/10.1007/s10551-015-2651-z
   Web of Science ®Google Scholar
• Chen, C. J., Li, Z., Su, X., & Sun, Z. (2011). Rent-seeking incentives, corporate political connections, and the control structure of private firms: Chinese evidence. Journal of Corporate Finance, 17(2), 229–243. https://doi.org/https://doi.org/10.1016/j.jcorpfin.2010.09.009
   Web of Science ®Google Scholar
• Chiu, S. C., & Sharfman, M. (2011). Legitimacy, visibility, and the antecedents of corporate social performance: An investigation of the instrumental perspective. Journal of Management, 37(6), 1558–1585. https://doi.org/https://doi.org/10.1177/0149206309347958
   Web of Science ®Google Scholar
• Cuervo-Cazurra, A., Inkpen, A., Musacchio, A., & Ramaswamy, K. (2014). Governments as owners: State-owned multinational companies. Journal of International Business Studies, 45(8), 919–942. https://doi.org/https://doi.org/10.1057/jibs.2014.43
   Web of Science ®Google Scholar
• Cui, L., & Jiang, F. (2012). State ownership effect on firms' FDI ownership decisions under institutional pressure: A study of Chinese outward-investing firms. Journal of International Business Studies, 43(3), 264–284. https://doi.org/https://doi.org/10.1057/jibs.2012.1
   Web of Science ®Google Scholar
• Fan, G., & Wang, X. L. (2018). Marketization index of China’s provinces. Economic Science Press.
   Google Scholar
• Gao, Y. (2011). Philanthropic disaster relief giving as a response to institutional pressure: Evidence from China. Journal of Business Research, 64(12), 1377–1382. https://doi.org/https://doi.org/10.1016/j.jbusres.2010.12.003
   PubMed Web of Science ®Google Scholar
• Gao, Y., & Hafsi, T. (2015). Government intervention, peers’ giving and corporate philanthropy: Evidence from Chinese private SMEs. Journal of Business Ethics, 132(2), 433–447. https://doi.org/https://doi.org/10.1007/s10551-014-2329-y
   Web of Science ®Google Scholar
• Ge, J., & Micelotta, E. (2019). When does the family matter? Institutional pressures and corporate philanthropy in China. Organization Studies, 40(6), 833–857. https://doi.org/https://doi.org/10.1177/0170840619836709
   Web of Science ®Google Scholar
• Jeong, Y. C., & Kim, T. Y. (2019). Between legitimacy and efficiency: An institutional theory of corporate giving. Academy of Management Journal, 62(5), 1583–1608. https://doi.org/https://doi.org/10.5465/amj.2016.0575
   Web of Science ®Google Scholar
• Jia, N. (2018). The “make and/or buy” decisions of corporate political lobbying: Integrating the economic efficiency and legitimacy perspectives. Academy of Management Review, 43(2), 307–326. https://doi.org/https://doi.org/10.5465/amr.2016.0148
   Web of Science ®Google Scholar
• Jia, M., & Zhang, Z. (2015). News visibility and corporate philanthropic response: Evidence from privately owned Chinese firms following the Wenchuan earthquake. Journal of Business Ethics, 129(1), 93–114. https://doi.org/https://doi.org/10.1007/s10551-014-2150-7
   Web of Science ®Google Scholar
• Kim, W. S., & Oh, S. (2019). Corporate social responsibility, business groups and financial performance: A study of listed Indian firms. Economic research-Ekonomska Istraživanja, 32(1), 1777–1793. https://doi.org/https://doi.org/10.1080/1331677X.2019.1637764
   Web of Science ®Google Scholar
• Lev, B., Petrovits, C., & Radhakrishnan, S. (2009). Is doing good for you? How corporate charitable contributions enhance revenue growth. Strategic Management Journal, 31(2), n/a–200. https://doi.org/https://doi.org/10.1002/smj.810
   Web of Science ®Google Scholar
• Liang, H., Ren, B., & Sun, S. L. (2015). An anatomy of state control in the globalization of state-owned enterprises. Journal of International Business Studies, 46(2), 223–240. https://doi.org/https://doi.org/10.1057/jibs.2014.35
   Web of Science ®Google Scholar
• Li, Y., Ferguson, J., Gao, Y., & Hafsi, T. (2015). Competition in corporate philanthropic disaster giving. Chinese Management Studies, 9(3), 311–332. https://doi.org/https://doi.org/10.1108/CMS-06-2014-0112
   Web of Science ®Google Scholar
• Li, S., Song, X., & Wu, H. (2015). Political connection, ownership structure, and corporate philanthropy in China: A strategic-political perspective. Journal of Business Ethics, 129(2), 399–411. https://doi.org/https://doi.org/10.1007/s10551-014-2167-y
   Web of Science ®Google Scholar
• Li, J., Xia, J., & Zajac, E. J. (2018). On the duality of political and economic stakeholder influence on firm innovation performance: Theory and evidence from Chinese firms. Strategic Management Journal, 39(1), 193–216. https://doi.org/https://doi.org/10.1002/smj.2697
   Web of Science ®Google Scholar
• Lu, Y., Shailer, G., & Wilson, M. (2016). Corporate political donations: Influences from directors’ networks. Journal of Business Ethics, 135(3), 461–481. https://doi.org/https://doi.org/10.1007/s10551-014-2458-3
   Web of Science ®Google Scholar
• Marquis, C., & Qian, C. (2014). Corporate social responsibility reporting in China: Symbol or substance? Organization Science, 25(1), 127–148. https://doi.org/https://doi.org/10.1287/orsc.2013.0837
   Web of Science ®Google Scholar
• Marquis, C., & Tilcsik, A. (2016). Institutional equivalence: How industry and community peers influence corporate philanthropy. Organization Science, 27(5), 1325–1341. https://doi.org/https://doi.org/10.1287/orsc.2016.1083
   Web of Science ®Google Scholar
• Meyer, K. E., Ding, Y., Li, J., & Zhang, H. (2014). Overcoming distrust: How state-owned enterprises adapt their foreign entries to institutional pressures abroad. Journal of International Business Studies, 45(8), 1005–1028. https://doi.org/https://doi.org/10.1057/jibs.2014.15
   Web of Science ®Google Scholar
• Nason, R. S., Bacq, S., & Gras, D. (2018). A behavioral theory of social performance: Social identity and stakeholder expectations. Academy of Management Review, 43(2), 259–283. https://doi.org/https://doi.org/10.5465/amr.2015.0081
   Web of Science ®Google Scholar
• Oliver, C. (1997). Sustainable competitive advantage: Combining institutional and resource-based views. Strategic Management Journal, 18(9), 697–713. https://doi.org/https://doi.org/10.1002/(SICI)1097-0266(199710)18:9<697::AID-SMJ909>3.0.CO;2-C
   Web of Science ®Google Scholar
• Peng, M. W. (2003). Institutional transitions and strategic choices. Academy of Management Review, 28(2), 275–296. https://doi.org/https://doi.org/10.5465/amr.2003.9416341
   Web of Science ®Google Scholar
• Peteraf, M., & Reed, R. (2007). Managerial discretion and internal alignment under regulatory constraints and change. Strategic Management Journal, 28(11), 1089–1112. https://doi.org/https://doi.org/10.1002/smj.628
   Web of Science ®Google Scholar
• Saona, P., Muro, L., San Martín, P., & Cid, C. (2020). Ibero-American corporate ownership and boards of directors: Implementation and impact on firm value in Chile and Spain. Economic Research-Ekonomska Istraživanja, 33(1), 2133–2138. https://doi.org/https://doi.org/10.1080/1331677X.2019.1694558
   Web of Science ®Google Scholar
• Schilke, O. (2018). A micro-institutional inquiry into resistance to environmental pressures. Academy of Management Journal, 61(4), 1431–1466. https://doi.org/https://doi.org/10.5465/amj.2016.0762
   Web of Science ®Google Scholar
• Sheng, S., Zhou, K. Z., & Li, J. J. (2011). The effects of business and political ties on firm performance: Evidence from China. Journal of Marketing, 75(1), 1–15. https://doi.org/https://doi.org/10.1509/jm.75.1.1
   Web of Science ®Google Scholar
• Su, J., & He, J. (2010). Does giving lead to getting? Evidence from Chinese private enterprises. Journal of Business Ethics, 93(1), 73–90. https://doi.org/https://doi.org/10.1007/s10551-009-0183-0
   Web of Science ®Google Scholar
• Sun, P., Mellahi, K., & Wright, M. (2012). The contingent value of corporate political ties. Academy of Management Perspectives, 26(3), 68–82. https://doi.org/https://doi.org/10.5465/amp.2011.0164
   Web of Science ®Google Scholar
• Tobin, J. (1958). Estimation of relationships for limited dependent variables. Econometrica, 26(1), 24–36. https://doi.org/https://doi.org/10.2307/1907382
   Web of Science ®Google Scholar
• Wang, D., & Luo, X. R. (2019). Retire in peace: Officials’ political incentives and corporate diversification in China. Administrative Science Quarterly, 64(4), 737–777. https://doi.org/https://doi.org/10.1177/0001839218786263
   Web of Science ®Google Scholar
• Wang, H., & Qian, C. (2011). Corporate philanthropy and corporate financial performance: The roles of stakeholder response and political access. Academy of Management Journal, 54(6), 1159–1181. https://doi.org/https://doi.org/10.5465/amj.2009.0548
   Web of Science ®Google Scholar
• Williams, R. J. (2003). Women on corporate boards of directors and their influence on corporate philanthropy. Journal of Business Ethics, 42(1), 1–10. https://doi.org/https://doi.org/10.1023/A:1021626024014
   Web of Science ®Google Scholar
• Yang, Z., & Su, C. (2013). Understanding Asian business strategy: Modelling institution-based legitimacy-embedded efficiency. Journal of Business Research, 66(12), 2369–2374. https://doi.org/https://doi.org/10.1016/j.jbusres.2013.05.022
   Web of Science ®Google Scholar
• Zhang, J., Marquis, C., & Qiao, K. (2016). Do political connections buffer firms from or bind firms to the government? A study of corporate charitable donations of Chinese firms. Organization Science, 27(5), 1307–1324. https://doi.org/https://doi.org/10.1287/orsc.2016.1084
   Web of Science ®Google Scholar
• Zhang, J., Zhou, C., & Ebbers, H. (2011). Completion of Chinese overseas acquisitions: Institutional perspectives and evidence. International Business Review, 20(2), 226–238. https://doi.org/https://doi.org/10.1016/j.ibusrev.2010.07.003
   Web of Science ®Google Scholar
• Zheng, W., Singh, K., & Chung, C. N. (2017). Ties to unbind: Political ties and firm sell-offs during institutional transition. Journal of Management, 43(7), 2005–2036. https://doi.org/https://doi.org/10.1177/0149206315575553
   Web of Science ®Google Scholar
• Zheng, W., Singh, K., & Mitchell, W. (2015). Buffering and enabling: The impact of interlocking political ties on firm survival and sales growth. Strategic Management Journal, 36(11), 1615–1636. https://doi.org/https://doi.org/10.1002/smj.2301
   Web of Science ®Google Scholar
• Zhou, K. Z., Gao, G. Y., & Zhao, H. (2017). State ownership and firm innovation in China: An integrated view of institutional and efficiency logics. Administrative Science Quarterly, 62(2), 375–404. https://doi.org/https://doi.org/10.1177/0001839216674457
   Web of Science ®Google Scholar
• Zuckerman, E. W. (1999). The categorical imperative: Securities analysts and the illegitimacy discount. American Journal of Sociology, 104(5), 1398–1438. https://doi.org/https://doi.org/10.1086/210178
   Web of Science ®Google Scholar