An analysis of corporate donations: United Kingdom evidence
Article Abstract:
Drawing a framework from stakeholder theory, this study uses 1994 data drawn form 100 United Kingdom listed companies to test empirically whether the level of discretionary donations made by companies to charitable, social and political causes is related to four company-specific factors, namely leverage, company size, profitability and ownership structure. Consistent with our hypotheses, the results indicate that the decision to contribute funds to charities and other bodies is positively related to company size and profitability and negatively related to leverage. However, the study provides no support for the view that there is a link between discretionary donations and a company's ownership structure. (Reprinted by permission of the publisher.)
Publication Name: Journal of Management Studies
Subject: Business, general
ISSN: 0022-2380
Year: 1998
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Let's Get Rid of the Corporate Income Tax
Article Abstract:
The corporate income tax should be abolished. Corporations do not actually pay the tax. The tax burden is shifted to consumers, workers and shareholders, who pay the tax in lower wages, higher prices and reduced dividends. The corporate income tax hurts smaller companies more than large corporations, due to several factors. Large companies tend to do more tax planning than smaller companies. Newer industries usually also pay more tax. The tax policy in the United States should work to strengthen, not weaken, our economy as it now does.
Publication Name: Inc.
Subject: Business, general
ISSN: 0162-8968
Year: 1984
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A contingent claims model of corporate pension obligations
Article Abstract:
A contingent claims model has been developed for assessing the implicit market value of pension claims based in the conditions contained under Employment Retirement Security Act rules. The proposed valuation model was applied in illustrating a numerical example based on the pension plans of six American companies. Results indicate that the actuarial measure of pension underfunding or overfunding may not be enough to assess the funding status of defined benefit plans.
Publication Name: Decision Sciences
Subject: Business, general
ISSN: 0011-7315
Year: 1995
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