Corporate Philanthropy, Research Networks, and Collaborative Innovation
研究发现企业直接慈善活动与更高水平、更有影响力、更协作和更原创的创新正相关，且这种效应在信息不透明的企业以及创新和竞争激烈的行业中更显著。
Using a unique data set of corporate philanthropic activities, we find that direct giving activities are positively associated both with higher levels of innovation and innovation that is more influential, collaborative, and original. Our results suggest that much of what is ostensibly promoted as philanthropy actually reflects research‐related networking activities. The effect of direct giving on innovation is more pronounced in more opaque firms and more innovative and competitive industries. These findings provide evidence of the distinct motives by which firms choose between direct giving and foundation giving. Our study suggests that firms can use direct philanthropy to expand firm‐boundaries by developing innovation with research partners.