Board Attributes and Corporate Philanthropy Behavior During COVID‐19: A Case from China

Abstract This study examines the relationship between board attributes and corporate philanthropic behavior for combating the COVID‐19 epidemic and stock price fluctuations The results show that the philanthropic behavior has a positive effect on the stock prices; that companies with female leaders are more likely to engage in philanthropic behavior; and that the proportion of female's directors is positively correlated with philanthropic behavior. Additionally, the results show that board size is negatively correlated with philanthropic behavior.