Common ownership and environmental Corporate Social Responsibility
Common ownership and environmental Corporate Social Responsibility
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共同所有权和环境企业社会责任
DOI：
10.1016/j.eneco.2022.106269
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发表时间：
2022
期刊：
影响因子：
12.8
通讯作者：
Matsumura Toshihiro
中科院分区：
文献类型：
--
作者：
Hirose Kosuke;Matsumura Toshihiro
本研究从理论上探讨了当企业可以利用环境CSR作为软化竞争的承诺手段时，共同所有权对排放水平的影响。具体而言，我们调查如何共同所有权（或在一个行业的合作程度）影响企业的自愿承诺，排放限制和减排活动的寡头垄断。结果表明，共同所有权通过减少产出来减少排放，如果共同所有权的程度很小，可能会刺激减排活动。然而，大量的共同所有权总是会减少减排活动。此外，共同所有权可能会也可能不会改善福利，这取决于隐含的碳成本。
This study theoretically examines the effect of common ownership on emission levels when firms can use environmental CSR as a commitment device to soften competition. Specifically, we investigate how common ownership (or the extent of cooperation in an industry) affects firms’ voluntary commitment to emission restrictions and emissions abatement activities in an oligopoly. The results show that common ownership reduces emissions by reducing output and may stimulate emissions abatement activities if the degree of common ownership is small. However, significant common ownership always reduces emissions abatement activities. Additionally, common ownership may or may not improve welfare, depending on the implicit carbon cost.