| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16564 |
| DP16564 Strategic Leadership in Corporate Social Responsibility | |
| Rui Albuquerque; Luis Cabral | |
| 发表日期 | 2021-09-19 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We propose a strategic theory of Corporate Social Responsibility (CSR). Shareholder maximizers commit to a mission statement that extends beyond firm value maximiza- tion. This commitment leads firms (either product market competitors or complementors along the value chain) to change their actions in ways that ultimately favor shareholders. We thus provide a formal analysis of the “doing well by doing good” adage. We also pro- vide conditions such that the mission statement game has the nature of a pure coordination game. Our framework thus provides a natural theory of firm leadership in a CSR context: by selecting a CSR mission statement, a first mover effectively leads the industry to a Pareto optimal equilibrium. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Commitment Leadership Corporate social responsibility Stockholder model Stakeholder model Externalities Mission statement Clean-energy technology Supply chain Wage setting |
| URL | https://cepr.org/publications/dp16564-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545515 |
| 推荐引用方式 GB/T 7714 | Rui Albuquerque,Luis Cabral. DP16564 Strategic Leadership in Corporate Social Responsibility. 2021. |
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