An Empirical Study on the Relationship between Female Executives and Corporate Philanthropy—From the Enterprise Life Cycle Perspective

Abstract

This paper studies the influence of female executives on corporate charitable giving from the perspective of enterprise life cycle from 2011-2015. The research shows that: 1) Enterprises are in different life cycles, and the level of corporate charitable giving is significantly different. 2) The proportion of female executives in mature enterprises is positively correlated with the level of corporate charitable giving. 3) If the CEO or chairman of a mature enterprise is a woman, it will significantly improve the level of charitable donation of the enterprise. This paper not only promotes the research of enterprise charity donation motivation from the new perspective, but also has important practical significance for how to better fulfill the social responsibility and promote the common development of society.