Based on the legal attribute of charitable trusts(CTs), they should be interpreted as organizations.In practice, CTs are not only a type of trust but also a charitable organization with unique dual attributes focusing...Based on the legal attribute of charitable trusts(CTs), they should be interpreted as organizations.In practice, CTs are not only a type of trust but also a charitable organization with unique dual attributes focusing on public welfare and profitability.Their core function is to achieve the goal of charity by using the trust as a tool, although they have the characteristics of a trust in terms of external representation.The dual attributes of CTs present new challenges in terms of governance mechanisms, which must be different from those of traditional charitable organizations and the general corporate governance mechanisms applied to trust companies.展开更多
Charitable trust is a combination of charity and trust industry.The development of charitable trust started earlier in foreign countries and has been widely used.Charitable trust in China is still in its infancy,lacki...Charitable trust is a combination of charity and trust industry.The development of charitable trust started earlier in foreign countries and has been widely used.Charitable trust in China is still in its infancy,lacking legal support and a complete operation system.Problems such as unclear boundaries and imperfect tax preference system has occurred,and a complete public trust system has not yet been formed.But from a long perspective,charitable trust has a high application value and prospects in China's poverty alleviation,pension and other fields.In this paper,the development status of charitable trust in China is summarized and analyzed.展开更多
The relationship between air pollution and charitable donations of companies has received little attention from academia.To make up for this defect,we use a regression discontinuity design based on the spatial discont...The relationship between air pollution and charitable donations of companies has received little attention from academia.To make up for this defect,we use a regression discontinuity design based on the spatial discontinuity in air pollution created by China's winter heating policy in the north of Qinling Mountains–Huai River line to examine whether severe air pollution may cause polluting companies to make charitable donations.Our results consistently show that air pollution has a positive impact on the donations of polluting companies,regardless of whether the absolute donations,the relative donations,or the willingness to donate are used to measure donations.A series of robustness tests confirm that this relationship is causal.Furthermore,we find that under severe air pollution,the motivations of polluting companies to implement donation behaviors are to decrease the probability of environmental penalties,reduce environmental pollution costs,and decrease the extent to which air pollution affects company reputations.展开更多
文摘Based on the legal attribute of charitable trusts(CTs), they should be interpreted as organizations.In practice, CTs are not only a type of trust but also a charitable organization with unique dual attributes focusing on public welfare and profitability.Their core function is to achieve the goal of charity by using the trust as a tool, although they have the characteristics of a trust in terms of external representation.The dual attributes of CTs present new challenges in terms of governance mechanisms, which must be different from those of traditional charitable organizations and the general corporate governance mechanisms applied to trust companies.
文摘Charitable trust is a combination of charity and trust industry.The development of charitable trust started earlier in foreign countries and has been widely used.Charitable trust in China is still in its infancy,lacking legal support and a complete operation system.Problems such as unclear boundaries and imperfect tax preference system has occurred,and a complete public trust system has not yet been formed.But from a long perspective,charitable trust has a high application value and prospects in China's poverty alleviation,pension and other fields.In this paper,the development status of charitable trust in China is summarized and analyzed.
基金supported by the National Natural Science Foundation of China (No.72203180)Huazhong University of Science and Technology Double First-class Funds for Humanities and Social Sciences。
文摘The relationship between air pollution and charitable donations of companies has received little attention from academia.To make up for this defect,we use a regression discontinuity design based on the spatial discontinuity in air pollution created by China's winter heating policy in the north of Qinling Mountains–Huai River line to examine whether severe air pollution may cause polluting companies to make charitable donations.Our results consistently show that air pollution has a positive impact on the donations of polluting companies,regardless of whether the absolute donations,the relative donations,or the willingness to donate are used to measure donations.A series of robustness tests confirm that this relationship is causal.Furthermore,we find that under severe air pollution,the motivations of polluting companies to implement donation behaviors are to decrease the probability of environmental penalties,reduce environmental pollution costs,and decrease the extent to which air pollution affects company reputations.
