Corporation social responsibility and dynamic agency under jump risk
Yu Shi,
Dandan Song and
Pengfei Luo
Economics Letters, 2025, vol. 247, issue C
Abstract:
In this paper, we attempt to clarify how agency conflicts affect the firm’s corporation social responsibility (CSR, henceforth) implementation level by developing a dynamic agency model. Numerical results demonstrate that agency conflicts make the level of CSR lower than that without an agency problem. The optimal level of CSR is high and positive only when it is close to the optimal compensation payoff boundary. Moreover, various factors that may affect the optimal level of CSR are investigated.
Keywords: Corporation social responsibility; Agency conflict; Disaster shock (search for similar items in EconPapers)
JEL-codes: E22 E23 G11 G12 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176524006323
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:247:y:2025:i:c:s0165176524006323
DOI: 10.1016/j.econlet.2024.112148
Access Statistics for this article
Economics Letters is currently edited by Economics Letters Editorial Office
More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().