Gao, Fox; Faff, Robert; Navissi, Farshid - In: Pacific-Basin Finance Journal 20 (2012) 3, pp. 363-377
We explore the equity market impact of board announcements of corporate donations made in response to the May 12th 2008 Wenchuan earthquake in China. Our event study uses a sample of board announcements of corporate donations from Chinese A-share listed companies. We find that donor companies...