When Necessity Becomes a Virtue: The Effect of Product Market Competition on CSR
When Necessity Becomes a Virtue: The Effect of Product Market Competition on CSR
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当需要成为美德:产品市场竞争对企业社会责任的影响
DOI:
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发表时间:
2008
期刊:
影响因子:
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通讯作者:
Juan SantalÃ
中科院分区:
文献类型:
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作者:
Daniel Fernandez;Juan SantalÃ
We report evidence that Product Market Competition is positively associated to widely-used Corporate Social Responsibility ratings. In particular we show that different market concentration measures are negatively associated to social impact ratings. We also provide evidence that changes in import penetration rates instrumented by import tariffs are positively associated to these social ratings. Finally we report that firm pollution levels are negatively associated to market concentration measures. Our results suggest that -all else constant- doubling competition in the marketplace would increase CSR ratings of an average company between 184% and 800%.