Corporate Philanthropy Strategy and Sustainable Development Goals

This paper investigates Chinese firms' charitable giving through the lens of four Sustainable Development Goals (SDGs): Economy, Operation, Harmony, and Management. It uses corporate financial data as independent variables to explore philanthropic giving for SDGs. Empirical evidence shows corporate philanthropy positively impacts Economy, Operation, and Harmony, but negatively relates to Management. The study suggests sample firms undertake social responsibilities for economic and political legitimization, highlighting a strategic approach to philanthropy for SDGs.