Edited by Marilyn L. Taylor, Robert J. Strom and David O. Renz
Chapter 10: A study of Chinese entrepreneurs and philanthropic behavior
With the rapid growth of the Chinese economy over the last three decades, the Chinese people are beginning to become more involved in philanthropic activities and other public services, especially entrepreneurs. Entrepreneurs have a great deal of wealth and other resources and are, therefore, better equipped to take on social responsibility and promote its development in Chinese society as a whole. For example, many entrepreneurs have begun paying attention especially to the needs of their hometowns or regions of birth, educational development in rural areas, religious and cultural development, as well as development of public utilities and infrastructure in those areas. Entrepreneurs have invested and have played a very important role in the rescue process after natural disasters, including earthquakes, hurricanes and tsunamis. Philanthropy is considered an important part of the redistribution of resources, transferring wealth from the rich to the poor, and promoting the development of the society toward being more harmonious and balanced (Yan and Zhu, 2008).
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