This study explores whether the degree of religiosity prevailing in the country where the firm is located affects the amount of corporate philanthropy. Using a large sample of firms from 41 countries, I find that firms located in more religious countries donate more than those located in less...

We provide evidence that individuals substitute between political contributions and charitable contributions, using micro data from the American Red Cross and Federal Election Commission. First, we find that foreign natural disasters, which are positive shocks to charitable giving, crowd out...