Abstract

http://ssrn.com/abstract=2111554
 
 

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Corporate Philanthropy, Research Networks, and Collaborative Innovation


Frederick L. Bereskin


University of Delaware

Terry L. Campbell II


University of Delaware - Department of Finance

Po-Hsuan Hsu


University of Hong Kong

May 23, 2014


Abstract:     
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 promoted as philanthropy actually reflects research-related networking activities. The effect of direct giving on innovation is more pronounced in more opaque firms and more innovative and competitive industries. These findings provide evidence of the distinct motives by which firms choose between direct giving and foundation giving. This study suggests that firms can use direct philanthropy to expand firm-boundaries by developing innovation with research partners.

Number of Pages in PDF File: 47

Keywords: Innovation, Philanthropy, Patents, Disclosure

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Date posted: July 17, 2012 ; Last revised: May 24, 2014

Suggested Citation

Bereskin, Frederick L. and Campbell, Terry L. and Hsu, Po-Hsuan, Corporate Philanthropy, Research Networks, and Collaborative Innovation (May 23, 2014). Available at SSRN: http://ssrn.com/abstract=2111554 or http://dx.doi.org/10.2139/ssrn.2111554

Contact Information

Frederick L. Bereskin (Contact Author)
University of Delaware ( email )
Alfred Lerner College of Business and Economics
Newark, DE 19716
United States
Terry Lee Campbell II
University of Delaware - Department of Finance ( email )
College of Business and Economics
Newark, DE 19716
United States
Po-Hsuan Hsu
University of Hong Kong ( email )
Pokfulam Road
Hong Kong
China
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