Abstract
This study links CEOs’ early-life famine experience and corporate philanthropy, and investigates the moderating role of ownership and industry in this relationship. Drawing upon imprinting and upper echelons theory, we developed and tested hypotheses using the charitable giving data of 719 Chinese listed firms from 2008 to 2012. We found that firms run by CEOs with early-life famine experience donate more than those led by CEOs without early-life famine experience. In addition, the positive relationship between CEOs’ early-life famine experience and corporate philanthropy is stronger for private-owned enterprise, while weaker for firms that belong to high pollution industries. Our findings provide a new interpretation of CEOs’ early-life famine experience and have important implications for understanding the antecedents of corporate philanthropy in China.
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