We examine the response of prosocial employees and boards of directors to corporate misconduct. We develop several proxies for the presence of prosocial employees and directors, based on the density of social networks and social capital in the county of the firms' headquarters and companies'...

Using a unique dataset of corporate philanthropy, we find that direct giving activities are positively associated with more collaborative and original innovation. In contrast, our results do not hold for corporate foundations' contributions. Our results suggest that much of what is ostensibly...