Who Gives Back? Evidence from India on Successful Entrepreneurial Exit and Involvement in Philanthropy

This paper investigates which successful commercial entrepreneurs in India transition to philanthropic activities after a financial exit from their ventures. It argues that entrepreneurs from disadvantaged ascribed-status groups or privileged achieved-status groups are more likely to engage in philanthropy due to a keener perception of societal change needs and stronger motivation to act. The study contributes to management research by identifying this transition as a significant, yet understudied, mechanism driving positive social change. It integrates diverse literatures on corporate philanthropy, elites, entrepreneurship, and social impact, opening new avenues for understanding the societal benefits of entrepreneurial success.