Volunteering, Charitable Donation, and Psychological Well-Being of College Students in China

Psychological well-being indicates individuals’ positive psychological functioning and well-being. A growing body of literature, largely based on adults and old people, suggests that volunteering and charitable donations are related to individuals’ psychological well-being. As emerging adulthood is a vital time for lifespan development, the aim of this study is to examine the effects of volunteering and charitable donation on individuals’ psychological well-being on college students. Relying on theories of altruism and the warm-glow theory, this study estimates the relationships among hours of volunteering, amount of charitable donations, and psychological well-being from 1,871 Chinese college students. The linear regression results indicate that students’ hours of volunteering and the amount of charitable donations in the past year were positively associated with their psychological well-being. Volunteering, compared to charitable donations, had a slightly stronger association with psychological well-being. This study provides a rationale for academic institutions to integrate social service activities into the curriculum as a potential tool to promote students’ psychological well-being.

Enlightened Self Interest And Globalizing Indian

Economists believe that companies exist solely to generate maximum profits for shareholders using all legal and ethical means. However, philosophers and various theories of Ethics talks about that companies have a responsibility to other stakeholders, including their employees, suppliers, customers, and the communities within which they operate. Enlightened self-interest recognizes that a company's prime purpose is to not only making profits, but also this goal can be achieved by fulfilling its social and environmental responsibilities. Collective consciousness view considers the intersubjective realm to understand the enlightened self-interest to maximize the welfare of society. Companies use charitable donations to influence public opinion in their favour and long term wellbeing of society. Social Entrepreneurship promotes both wellbeing of society and creative solution for long-term growth and can earn a profit with goodness.

Kindled by Catastrophe

Fire disasters were a major threat to eighteenth-century villages and towns. Following such conflagrations, writers, artists, and publishers were eager to represent the disaster in great detail. Printed poems and pamphlets did not only describe the flames’ destruction, but also put great emphasis on the solidarity during and after the catastrophe. The risks of looting and social disorder were acknowledged by authors, but received little attention overall. Instead, poets and writers focused on acts of care and charity in four phases of fire disaster management: firefighting, immediate relief, collecting for reconstruction, and remembrance. While the first two phases were characterised by local and regional solidarity, the latter two could encompass – in the imagination of the authors – the whole Dutch nation. Writers appealed to faith and nationhood to convince people to make charitable donations. Afterwards, they celebrated and remembered the generosity of various communities. This article concludes that authors appropriated destroyed lives and buildings to construct identities and solidarity.

A Research on the Crisis Spillover Effect of Food Safety Incidents on Competitive Firms: The Influence of Political Connections and Charitable Donations

Taking the perspective of corporate social responsibility and institutional theory, this research establishes an innovative relationship between variables such as charitable donation, political connection and crisis spillover effect of firms through quantitative analysis using the event study method, regression analysis and the Heckman two-stage model. Taking 8 food safety incidents from 2011 to 2016 as research samples, this paper studies the impact of food safety incidents on the market value of both firms under crisis and their competitive firms, as well as the influence of political connection and charitable donation. Based on the current situation that the product crisis or reputation crisis of a firm will, inevitably, affect the market performance and value of its competitive firms in the same industry, this paper attempts to answer questions such as “what kind of firms are capable of minimizing this negative influence?” “will the political connection of competitive firms exert a positive or negative impact?” and “can actions taken before the crisis, such as charitable donation of competitive firms, help these firms in reducing the harm?” The conclusions are as follows: first, the occurrence of food safety incidents not only has a negative impact on the market value of the crisis firm, but also has a negative spillover effect on the competitive firm; second, charitable donations made by the competitive firm before the crisis demonstrates a positive competitive effect on the competitive firm, and the intensity of such charitable donations is positively correlated with this positive competitive effect; third, the political connection of the competitive firm has no significant impact on the crisis spillover effect. These findings provide enlightenment for the operation and management of firms in the food industry.

How Does Corporate Party Committee Governance Affect Charitable Donations? Evidence from Heavy-Pollution Industries in China

Charitable donations are an effective way for heavy-pollution industries to reduce their environmental reputation risk. In China, the communist party committees within corporations play a key role in decisions regarding charitable donations. However, relatively little is known about the relationship between the governance of corporate party committees and charitable donations. Using data from Chinese listed firms in heavy-pollution industries from 2013 to 2018, we found that corporate party committee governance enhanced the willingness of firms to donate and to increase the amount of their donations significantly. The effect on intention of charitable donations was pronounced for non-state-owned enterprises (NSOEs), whereas the effect on the amount of donations was pronounced for state-owned enterprises (SOEs). Party committee governance increased the amount of charitable donations in regions with a higher level of marketization, but it reduced the amount of charitable donations in firms/industries with a high degree of monopoly. Our findings provide insight for the decisive role of party committees in corporate charitable donations in heavy-pollution industries.