摘要：The paper seeks to identify the relationship between the charitable contributions, performance, and market value of Romanian listed companies. To achieve the objective, a panel data analysis was conducted on a group of companies listed at Bucharest Stock Exchange in the period 2011 to 2016, which registered profit for the entire period. The empirical analysis points out, using a logistic regression, which financial and non-financial indicators contribute to the decisions of the companies to make the charitable contributions. It also tests the impact of those indicators and corporate giving activities like Corporate Social Responsibility (CSR) activities on company value, represented by Tobin’s Q Ratio and on company performance, expressed by Return on Equity (ROE). The results show that there is a positive correlation between the charitable contributions, performance, and market value of the Romanian listed companies.
关键词：corporate social responsibility; corporate giving; philanthropy; charitable contributions; company value; performance; Tobin’s Q Ratio
