Maung, Min; Miller, Danny; Tang, Zhenyang; Xu, Xiaowei - In: Journal of business ethics : JBE 163 (2020) 4, pp. 745-758
Using a signaling framework, we argue that ethical behavior as evidenced by charitable donations is viewed more positively by investors when seen not to be based on self-serving motives but rather on authentic generosity that builds moral capital. The affirmed religiosity of CEOs may make their...
