THE EFFECT OF MARKET AND NONMARKET COMPETITION ON FIRM AND INDUSTRY CORPORATE SOCIAL RESPONSIBILITY
- Title
- THE EFFECT OF MARKET AND NONMARKET COMPETITION ON FIRM AND INDUSTRY CORPORATE SOCIAL RESPONSIBILITY
- Author
- 강형구
- Keywords
- Strategic corporate social responsibility; competition; does industry matter; monopoly; oligopoly; perfect competition
- Issue Date
- 2018-08
- Publisher
- EMERALD GROUP PUBLISHING LTD
- Citation
- SUSTAINABILITY, STAKEHOLDER GOVERNANCE, AND CORPORATE SOCIAL RESPONSIBILITY, v. 38, page. 313-337
- Abstract
- We contribute to the emerging literature on strategic corporate social responsibility (CSR) and its antecedents by undertaking a systematic analysis of the effect of rivalry on firm and industry CSR. We deal with the codetermination of competition and CSR by using instrumental variables in the firm-level analysis and by modeling it directly in the industry-level analysis. We find that higher intensity of rivalry and CSR of competitors increase firm CSR, ceteris paribus; however, in a more dynamic setting when firms can change their production output, more competition in fact decreases aggregate industry CSR. While seemingly contradictory, these findings suggest interesting implications for both managers and public policy makers.
- URI
- https://www.emerald.com/insight/content/doi/10.1108/S0742-332220180000038017/full/htmlhttps://repository.hanyang.ac.kr/handle/20.500.11754/119641
- ISBN
- 978-1-78756-315-5
- ISSN
- 0742-3322; 978-1-78756-316-2
- Appears in Collections:
- GRADUATE SCHOOL OF BUSINESS[S](경영전문대학원) > ETC
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