CSR As hedging against institutional transition risk: Corporate philanthropy after the sunflower movement in Taiwan (Record no. 530981)

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fixed length control field 01980nam a22001457a 4500
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Personal name Cai, Yishu et al
245 ## - TITLE STATEMENT
Title CSR As hedging against institutional transition risk: Corporate philanthropy after the sunflower movement in Taiwan
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Administrative Science Quarterly
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Extent 70(2), Jun, 2025: p.367-402
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Summary, etc Firms with political connections to a regime with an authoritarian history face a dilemma when the regime undergoes a democratic transition. Such connections provide an essential competitive advantage when the regime is in power but become a liability when an institutional transition brings democratic change. This study theorizes that when mass protests expose a regime’s distorted policies favoring elites over others and signal a high probability of regime turnover, firms may hedge against the risks associated with their political connections by engaging in philanthropy. We further contend that this effect is stronger for firms located in regions characterized by the rise of an opposing political party or a strong civil society. We find support for our theory in Taiwan’s 2014 Sunflower Movement. Our article reveals a strategy that firms adopt to survive democratic transitions and thus contributes to research on how firms use non-market strategies to adapt to institutional changes. Our research also shows that strategic corporate social responsibility (CSR) can substitute for corporate political activity or compensate for its limitations, and it expands research on the signaling function of social movements from public to private politics.- Reproduced

https://journals.sagepub.com/doi/full/10.1177/00018392241307852
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Corporate social responsibility, Philanthropic donation, Corporate political action, Political connection, Mass protest, Institutional transition.
9 (RLIN) 55541
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Main entry heading Administrative Science Quarterly
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2025-07-22 70(2), Jun, 2025: p.367-402 AR136695 2025-07-22 Articles

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