FIRN Women Virtual Seminar - Cara Vansteenkiste, UNSW
Date and time
Location
Zoom
AustraliaDescription
FIRN Women is hosting online seminars presented by female ECRs in a monthly seminar series. The seminars will be via zoom and will be about an hour long, comprising presentation followed by moderated Q&A.
FIRN Women invites you to a virtual seminar “Disaster Relief, Inc.” presented by Cara Vansteenkiste, UNSW.
Abstract
Investigating corporate philanthropy in a natural disasters event study setting, we find that strategic corporate giving can increase shareholder value by boosting the firm’s reputation and sales. Using an international sample of firms providing disaster-relief grants to affected communities, our results show that the strategic benefits of donating increase with disaster relevance and saliency. They are stronger for larger disasters, for more marketing- and consumer-oriented firms, for firms in more competitive and more controversial industries, and for in-kind donations. Overall, our results suggest that corporate donations add shareholder value when firms can use philanthropy to boost their image and social capital.
All FIRN members are welcome to this event. Please register your interest and you will be sent an email the day before with the Zoom code and password.
Organised by
FIRN is the premier network of finance researchers and PhD students across Australia and recently New Zealand. Researchers from all of the major schools, departments and universities who offer research programs across the various topic areas of finance are members of FIRN.
The purpose of FIRN is to provide a strong, cohesive and fiscially efficient approach toward supporting research and advancements in the Australian finance academic community. FIRN’s program of events and initiatives aims to develop better communication and networking across the sector, better research outcomes, better educated PhD students, better skilled academics, stronger international relationships and a stronger future.