The role of public information in corporate social responsibility

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• dc.contributor.author Calveras, Aleixca
• dc.contributor.author Ganuza, Juan-Joséca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T12:07:59Z
• dc.date.available 2017-07-26T12:07:59Z
• dc.date.issued 2015-02-01
• dc.date.modified 2017-07-23T02:17:07Z
• dc.description.abstract Many of the attributes that make a good 'socially responsible' are credence attributes that cannot be learned by consumers either through search or experience. Consumers, then, use for their purchasing decisions 'noisy' information about these attributes obtained from potentially contradictory channels (media, advertisement, NGOs). In this paper we model such informational framework and show the positive relationship between the accuracy of the information transmitted to consumers and corporate social responsibility (CSR). We also show that a firm may be tempted to add noise to the information channel (through lobbying of the media), which might reduce the supply of the CSR attributes and even harm the firm itself (with lower profits). It might then be profitable to the firm to commit ex-ante to not manipulate the information regarding the firm's business practices (e.g., with a partnership with an NGO). Finally, we extend our model to a competition framework endogenizing the number of firms active in the CSR segment. We show both that in more transparent markets a larger number of firms will be CSR, and that in a market with more intense competition, a higher degree of transparency is required in order to sustain a given number of CSR firms.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1491
• dc.identifier.uri http://hdl.handle.net/10230/24945
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 1491
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword credence good
• dc.subject.keyword information asymmetry
• dc.subject.keyword corporate social responsibility
• dc.subject.keyword regulation
• dc.subject.keyword ngo
• dc.subject.keyword competition.
• dc.subject.keyword Business Economics and Industrial Organization
• dc.title The role of public information in corporate social responsibilityca
• dc.type info:eu-repo/semantics/workingPaper