The impact of the new type of close and clean government-business relationship on charitable donations by private enterprises
Ying Wu
School of Business, Xi ’an International Studies University
DOI: https://doi.org/10.59429/bam.v7i1.9565
Keywords: Close and clean government-business relationship; Charitable donations; Private enterprises
Abstract
The government-business relationship is the core of the business environment and serves as a crucial institutional guarantee for promoting high-quality economic development and the modernization of national governance. This study constructs an indicator system for the government-business relationship encompassing two dimensions: closeness and cleanliness. Using data from private listed companies on the Shanghai and Shenzhen A-share markets from 2016 to 2021, it examines the impact of the “close and clean”governmentbusiness relationship on corporate charitable donations. The findings reveal that the “close and clean” relationship significantly enhances the level of charitable donations by private enterprises, with both “closeness” and “cleanliness” dimensions playing a positive role.
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