The paper develops a model considering strategic CSR and vertical 7 product differentiation in the context of heterogeneous firms and monopolistic 8 competition, based on the strand of literature on heterogeneous firms in interna- 9 tional trade pioneered by Mélitz (2003). We seek to provide some understanding 10 as to which of the features influence corporate CSR performance, factors which 11 motivate firms to engage it and the strategies firms adopt in order to approach it. 12 The results change if we introduce more realistic hypothesis, for example, the 13 financial constraint firms face or the presence of economic cycles. We suggest that 14 it is possible in times of crisis under certain conditions that firms attention for CSR 15 can in fact be strengthened.
CSR in a Model of Heterogenous Firms, Financial Constraints and Economic Crisis
GIALLONARDO, LUISA;MULINO, MARCELLA
2014-01-01
Abstract
The paper develops a model considering strategic CSR and vertical 7 product differentiation in the context of heterogeneous firms and monopolistic 8 competition, based on the strand of literature on heterogeneous firms in interna- 9 tional trade pioneered by Mélitz (2003). We seek to provide some understanding 10 as to which of the features influence corporate CSR performance, factors which 11 motivate firms to engage it and the strategies firms adopt in order to approach it. 12 The results change if we introduce more realistic hypothesis, for example, the 13 financial constraint firms face or the presence of economic cycles. We suggest that 14 it is possible in times of crisis under certain conditions that firms attention for CSR 15 can in fact be strengthened.Pubblicazioni consigliate
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