Although stockholders may benefit from information regarding the frequently substantial charitable and political contributions of the corporations they own, US corporations are typically not required to disclose any information about such payments in annual financial statements or information submitted periodically to regulatory agencies. This lack of transparency is confounded by disclosure requirements of private foundations, which a corporation may choose to establish for the purposes of administering charitable giving for the corporation. The resulting disclosure fog engendered by extant regulations may (...) be confusing to those corporation owners who would like to know what corporation contributions are being made to charities and politicians. This article enumerates the magnitude of the charitable and political gifts of 40 of the most generous public corporations in the USA, the current disclosure requirements for public companies, the role of foundations, rationales for withholding relevant information from owners, and ethically questionable strategies that corporations may use to manage those disclosures for their benefit. (shrink)

Our country’s equipment manufacturing industry ranks among the best in all developing countries, but compared with developed countries, there is still a long way to go. It is not only the backwardness of various technologies, but also the interference of other countries. Although our country's equipment manufacturing industry is not as advanced as the advanced technology of developed countries, we still have to stick to our original aspirations, do not underestimate ourselves, and be good at absorbing and learning from the (...) strengths of others to make up for our own weaknesses. While not working behind closed doors and while absorbing technology from other countries, we can make use of our strengths to make up for our weaknesses and develop our own industrial technology. This paper studies the evolution trend of innovation network structure and at the same time studies the evolution mechanism of advanced equipment manufacturing innovation network structure from the perspective of complex systems. The explained variable in this article is green total factor productivity. The variable adopts the Malmquist–Luenberger global super-efficiency index model. There are two main explanatory variables. One is the heterogeneity that affects the efficiency of industrial evolution, including factor heterogeneity, structural heterogeneity, and environmental heterogeneity, and the other is the interaction term of equipment manufacturing specialization agglomeration degree dummy variable multiplied by factor heterogeneity. The regional economic development level is added to the model as a control variable. In the selection of measurement indicators, the per capita GDP is used as the control variable. The experimental results show that each sample is tested in pairs, and the standard error level of the mean is 0.018, which is less than 0.05, indicating that the efficiency of the equipment manufacturing industry’s economic correlation spatial network has a significant impact on the overall economic development level of the industry. The reduction in spur helps to increase economic output. (shrink)

Although stockholders may benefit from information regarding the frequently substantial charitable and political contributions of the corporations they own, US corporations are typically not required to disclose any information about such payments in annual financial statements or information submitted periodically to regulatory agencies. This lack of transparency is confounded by disclosure requirements of private foundations, which a corporation may choose to establish for the purposes of administering charitable giving for the corporation. The resulting disclosure fog engendered by extant regulations may (...) be confusing to those corporation owners who would like to know what corporation contributions are being made to charities and politicians. This article enumerates the magnitude of the charitable and political gifts of 40 of the most generous public corporations in the USA, the current disclosure requirements for public companies, the role of foundations, rationales for withholding relevant information from owners, and ethically questionable strategies that corporations may use to manage those disclosures for their benefit. (shrink)

Using listed firms in China over the period 2010–2018, we investigate the association between directors’ network and quality of corporate social responsibility (CSR) disclosure from the lens of resource-based view. We find a significantly positive effect of directors’ network centrality on the CSR disclosure quality, and the effect is more pronounced when the firm (1) invests less in advertising; (2) is followed by less analysts; (3) is less financially constrained; and (4) has no assurance of sustainability report. Furthermore, we document (...) that independent directors’ network centrality is positively associated with CSR disclosure quality. Our findings have important implication for practitioners, policy makers, and regulators. (shrink)