The influence of mutual status on rates of corporate charitable contributions

Campbell, David J. and Slack, Richard (2007) The influence of mutual status on rates of corporate charitable contributions. Journal of Business Ethics, 74 (2). pp. 191-200. ISSN 01674544

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The claims by the Building Societies Association (BSA), some mutual building societies and other observers that mutual status is associated with higher levels of charitable and community involvement than public status banks are tested using the proxy of charitable donations in cash as a proportion of profits before tax (PBT). Using a sample of 31 of the remaining 65 mutual societies and the population of U.K.-based retail banks and still-independent demutualised banks, two hypotheses were tested: first, that charitable giving as a proportion of PBT over the period 1990–2003 was higher for mutuals than banks and second, that longitudinal records of charitable donations as a proportion of PBT for former mutuals will show a lower rate after demutualisation. Neither hypothesis was convincingly supported allowing for the conclusion that any claims suggesting that mutuals are structurally more generous than public companies are not supported by empirical evidence.

Item Type: Article
Additional Information: Innovative empirical research paper examining philanthropy applied to a highly visible sector; financial services. Research dissemination to the Building Societies Association (BSA) and Corporate Social Responsibility forum, with further research into strategic use of philanthropy in the sector funded by The Nuffield Foundation.
Subjects: N100 Business studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: EPrint Services
Date Deposited: 15 Aug 2008 13:28
Last Modified: 19 Nov 2019 09:54

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