Corporate philanthropy is increasingly being valued by the public and academia. Based on data of Chinese listed private enterprises’ philanthropic giving during the COVID-19 pandemic, this paper investigates the impact of Party organization’s participation in corporate governance on corporate philanthropy. The results show that the COVID-19 pandemic accelerates private enterprises’ philanthropy behavior greatly. Further empirical test finds private enterprises that have established Party organizations have a stronger intention to give and higher giving level; moreover, when Chairman of the board serves as Secretary of the Party organization, the private enterprises have a stronger intention to give and more generous philanthropy. The results reveal that grass-roots Party organizations can promote private enterprises’ social performances, under the background of COVID-19 event, which provides suggestions for strengthening government institution construction and Party building activities in private enterprises in China.

Jinfeng Zhu, Yun Chen. Promotion Effects of Party Organization’s Participation in Corporate Governance on Private Enterprises’ Philanthropic Giving —An Empirical Test from the COVID-19 Pandemic. Academic Journal of Business & Management (2022) Vol. 4, Issue 10: 87-93. https://doi.org/10.25236/AJBM.2022.041015.

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