Does CSR influence privatization wave?

Ding Chen, Leonard F. S. Wang and Ji Sun

Managerial and Decision Economics, 2023, vol. 44, issue 2, 1088-1097

Abstract: In this paper, we formulate a mixed oligopoly model with many public firms and the consumer's cognition of the CSR activity of private firms. We show that the privatization wave will be beneficial for incumbent firms while harming consumers; more importantly, from the perspective of social welfare, consumer cognition on CSR will suppress any privatization wave, while whether the degree of “Cheap‐Talk” CSR suppresses or boosts the privatization wave depends on the degree of “Cheap‐Talk” CSR and the number of incumbent public firms.

Date: 2023
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https://doi.org/10.1002/mde.3733

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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:44:y:2023:i:2:p:1088-1097

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