Economic Perspectives on Corporate Social Responsibility

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Show simple item record KITZMUELLER, Markus SHIMSHACK, Jay 2012-09-12T09:49:14Z 2012-09-12T09:49:14Z 2012
dc.identifier.citation Journal of Economic Literature, 2012, 50, 1, 51–84 en
dc.identifier.issn 0022-0515
dc.description (The article is partially based on KITZMUELLER's EUI PhD thesis, 2010.) en
dc.description.abstract This paper synthesizes the expanding corporate social responsibility (CSR) literature. We define CSR from an economic perspective and develop a CSR taxonomy that connects disparate approaches to the subject. We explore whether CSR should exist and investigate conditions when CSR may produce higher welfare than other public good provision channels. We also explore why CSR does exist. Here, we integrate theoretical predictions with empirical findings from economic and noneconomic sources. We find limited systematic empirical evidence in favor of CSR mechanisms related to induced innovation, moral hazard, shareholder preferences, or labor markets. In contrast, we uncover consistent empirical evidence in favor of CSR mechanisms related to consumer markets, private politics, and public politics. en
dc.language.iso en en
dc.relation.ispartof Journal of Economic Literature en
dc.title Economic Perspectives on Corporate Social Responsibility en
dc.type Article en
dc.identifier.doi 10.1257/jel.50.1.51
dc.neeo.contributor KITZMUELLER|Markus|aut|
dc.neeo.contributor SHIMSHACK|Jay|aut|
dc.identifier.volume 50 en

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