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Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?

Husam Ananzeh (Irbid National University, Irbid, Jordan)
Hashem Alshurafat (Accounting department, Faculty of Economics and Administrative Sciences, The Hashemite University, Zarqa, Jordan)
Khaled Hussainey (University of Portsmouth, Portsmouth, UK)

Journal of Financial Reporting and Accounting

ISSN: 1985-2517

Article publication date: 5 April 2021

Issue publication date: 12 December 2022

480

Abstract

Purpose

This paper aims to examine the drivers of corporate donations in Jordan. In particular, to examine whether firm-specific characteristics and ownership types affect corporate donations.

Design/methodology/approach

The analysis is based on a sample of 94 Jordanian listed companies, drawn from the manufacturing and service sectors, over the period 2010–2016. This paper uses ordinary least square regression with a year and industry fixed effects to test the research hypotheses.

Findings

This paper finds that corporate philanthropic contributions are positively associated with company size, age, profitability, media exposure and governmental ownership. This paper also finds that corporate philanthropic contributions are negatively associated with financial leverage and family ownership.

Originality/value

The paper provides new evidence on the determinants of corporate philanthropic contributions in a developing country.

Keywords

Citation

Ananzeh, H., Alshurafat, H. and Hussainey, K. (2022), "Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?", Journal of Financial Reporting and Accounting, Vol. 20 No. 5, pp. 789-808. https://doi.org/10.1108/JFRA-08-2020-0249

Publisher

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Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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