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- W2394095470 abstract "Market reactions to disaster donations by 257 A-shared listed companies in Shanghai and Shenzhen stock markets were investigated based on the market reaction model. The results show that the corporate disaster donation behavior by the sample companies did not gain accreditation of stock investors. That is to say,the disaster donation behavior of listed companies brought negative effects to stock prices. To avoid this undesirable effect,the listed companies should control the amount of donations and postpone announcements of a major donation to a later time. On the other hand,listed companies should build a consummate system of decision and communication in disaster donations,trying to gain approval from investors by convincing them that donations for disasters can bring strategic benefits for the companies." @default.
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- W2394095470 date "2010-01-01" @default.
- W2394095470 modified "2023-10-07" @default.
- W2394095470 title "Share price reactions to disaster donations by listed companies in China" @default.
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