Abstract
We examine the effects of entrepreneur status variance across multiple status hierarchies on corporate philanthropy. We argue that status variance among multiple status hierarchies drives corporate philanthropy by triggering anxiety and empathy among entrepreneurs. The analysis of a national survey of Chinese private firms shows that entrepreneur status variance has a positive effect on corporate philanthropy. This effect was further amplified when the firms are located in less developed provinces or when the entrepreneurs once have unemployment experience. We contribute to the literature on corporate philanthropy by highlighting the role of entrepreneur status inconsistency as a significant non-financial driver.
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