charitable contribution
firm's gift to charity a donation by a company to a charity, deductible against tax
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firm's gift to charity a donation by a company to a charity, deductible against tax
The payback to the community and the general public includes: improved charitable contributions; more employee volunteer programs; business involvement in community welfare, education, and employment programs; product safety and quality; greater material recycling; better product durability and functionality; greater use of renewable resources
If CSR lowers firms’ profits due to compromises with stakeholders, firms should not implement CSR strategies as it is more efficient if they charge lower prices and allow consumers to make their own charitable contributions based on personal social and ethical values
By Chendi Zhang
Definitions of ’charitable contribution’ and meaning of ’charitable contribution’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’charitable contribution’ and other financial terms with our online QFINANCE Financial Dictionary.