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An Empirical Analysis of the Strategic Use of Corporate Social Responsibility

Donald Siegel () and Donald Vitaliano ()

Rensselaer Working Papers in Economics from Rensselaer Polytechnic Institute, Department of Economics

Abstract: Recent theories of the strategic use of corporate social responsibility (CSR) emphasize the role of information asymmetry and how CSR is likely to be matrixed into a firm's differentiation strategy. A key empirical implication of these theories is that firms selling experience or credence goods are more likely to be socially responsible than firms selling search goods. Using firm-level data, we report evidence that is consistent with this hypothesis.

JEL-codes: M14 D21 (search for similar items in EconPapers)
Date: 2006-01
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Journal Article: An Empirical Analysis of the Strategic Use of Corporate Social Responsibility (2007) Downloads
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