Abstract:
The purpose of this research is to measure the correlation by the use of qualitative measurement in
relation to the three governance theories of Transaction cost by Andreasen (1999), Agency theory by
Ullmann (1985) and Institutional theory by Dominic (2010). Primarily, the study tried to measure the
refined and ranked opinions of key contributors to strategic philanthropy. The Delphi process was used
to collect quality opinion from experts who represent their respective panels but having ultimate
responsibility of implementing the strategic philanthropy as new wave of management strategy for
their corporations in the social media. The ranked Contributions of the experts are embodied in the
findings. The consensus findings from these experts revealed that strategic philanthropy have negative
but positive correlation on the three governance concepts of Agency, Transaction and institutional
theories. Based on the research findings, managerial implications and directions for future research are
discussed
