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"Party Entrepreneurs" During the Market Transition -Ideology Imprint and Private Enterprise Social Responsibility in China

Mon, August 11, 10:00 to 11:00am, East Tower, Hyatt Regency Chicago, Floor: Ballroom Level/Gold, Grand Ballroom A

Abstract

Moving beyond the Upper Echelons Theory on the effect of private enterprise owners' values on philanthropic donation, this study investigates the impact of China's institutional transformation on the donation behavior of Communist Party members who own private enterprises. Drawing on the dataset from the seventh Chinese Private Enterprise Survey, it is found that (1) The amount of donation made by private enterprise owners who joined the Party before the Reform are higher than that made by private enterprise owners who joined the Party after the Reform. (2) Marketization has a positive impact on the philanthropic donation of private enterprise owners. (3) Marketization does not alleviate the level of impact of the political ideology imprint on the donation behavior of private enterprise owners who joined the Party before the Reform. This suggests that the altruistic behavior of private enterprise owners in China is shaped both by political ideology and marketization.

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