Saudi Journal of Business and Management Studies (SJBMS)
Volume-2 | Issue-01 | 44-51
Original Research Article
An Empirical Study on Impact of Economic, Legal and Ethical Aspects on Corporate Philanthropy
Dr. Nawal Abdalla Adam Agiaban, Dr. Kameswari Peddada
Published : Jan. 31, 2017
Abstract
Corporate social responsibility remains a topic of interest to researchers and academicians. However, the
correlation between its four basic dimensions needs to be supported by more empirical evidence. This paper provides an
empirical investigation into the correlations between the corporate economic, legal and ethical responsibilities on the one
hand and corporate philanthropy on the other. The size of a corporate in the research model is a moderating variable. A
survey was conducted using the questionnaire method to collect data from the executives of 52 companies selected by
convenience sampling around Riyadh City in Saudi Arabia. The results of a regression analysis of the data revealed a
significant influence of economic, legal and ethical responsibilities on corporate philanthropy. These results have
important implications for corporate executives and policy makers to realize the voluntary components of ethical and
philanthropic responsibilities after complying with mandatory economic and legal requirements. The study also aims at
unraveling the strength of association between the three different types of responsibilities with philanthropy.