Religious Beliefs, Poverty Experiences, and Corporate Charitable Donation among Private Entrepreneurs

Enterprises make charitable donations as one of the main means to fulfill their social responsibility, to explore the impact of religious beliefs and poverty experiences of private enterprise owners on corporate charitable donations, this paper takes the 2018 China private enterprise survey dataset as the research sample, and empirically examines the impact between private entrepreneurs’ religious beliefs, poverty experience, and enterprises’ charitable donations by using the Probit model and the Tobit model. The results of the study are as follows: First, the religious beliefs of the private entrepreneurs can encourage the enterprises to make charitable donations and have more strength in charitable donations. Second, the private entrepreneurs with poverty experience will be more active in making charitable donations and have more strength. This study enriches the literature on charitable donations by private entrepreneurs from the perspective of their characteristics, which has certain theoretical significance; the conclusions of this paper help the government guide private enterprises to make charitable donations, which has certain practical significance.