Abstract: The corporate sustained charitable donation plays an increasingly important role in China’s progress toward common prosperity, yet the specific factors that shape such sustained donation remain insufficiently understood. Based on the upper echelons theory and imprinting theory, this paper uses a sample of Chinese listed companies from 2006 to 2021 and employs a fixed-effects model to examine the impact of chairpersons’ early-life poverty experience on corporate sustained charitable donations. Incorporating the attribution theory, it further investigates the moderating effect of the chairpersons’ elite education experience and diversified career experience in this relationship. The results show that chairpersons’ early-life poverty experiences have a significant positive impact on corporate sustained charitable donation. However, both elite education experience and diversified career experiences weaken the positive impact of early poverty experiences. The findings suggest that early-life poverty experience has a “prosocial imprinting” effect on chairpersons, but this effect may gradually fade due to the self-interest tendencies embedded in elite education and diversified career paths. Further analysis shows that the chairpersons’ early-life poverty experiences promote sustained charitable donation by increasing corporate altruistic orientation, thereby confirming the transmission mechanism of “early-life poverty experience→corporate altruism→corporate sustained charitable donation”. These findings broaden the research perspectives on managerial experience and corporate social responsibility, extend the application of attribution theory in the corporate social responsibility domain, and provide managerial insights and policy implications for encouraging enterprises to actively engage in sustained charitable donation and promoting common prosperity for all people.

Key words: sustained charitable donation, chairpersons’ early-life poverty experience, prosocial imprinting, life experience, attribution theory

摘要： 企业持续性慈善捐赠在中国实现共同富裕进程中的作用日益显著，然而影响企业持续性慈善捐赠的具体因素仍有待深入探究。基于高层梯队理论与烙印理论，本文以2006~2021年中国上市公司为样本，运用固定效应模型考察董事长早期贫困经历对企业持续性慈善捐赠的影响，并结合归因理论，分析了董事长精英教育经历与复合型职业经历在二者关系中的调节作用。研究结果显示：董事长早期贫困经历对企业持续性慈善捐赠具有显著正向影响；精英教育经历与复合型职业经历则会削弱董事长早期贫困经历对企业持续性慈善捐赠的促进作用。研究表明，董事长早期贫困经历会形成“亲社会烙印”效应，但该效应可能因精英教育经历与复合型职业经历中所隐含的利己主义倾向而逐渐减弱。进一步分析表明，董事长早期贫困经历通过提升企业利他主义水平促进企业持续性慈善捐赠，验证了“董事长早期贫困经历-企业利他主义-企业持续性慈善捐赠”的传导机制。研究结论不仅拓展了管理者经历与企业社会责任的研究视角，也延伸了归因理论在企业社会责任领域的应用；同时，为引导企业积极履行持续性慈善捐赠责任、推动全体人民共同富裕提供了管理启示与政策参考。

关键词: 持续性慈善捐赠, 董事长早期贫困经历, 亲社会烙印, 人生经历, 归因理论