Corporate social responsibility and partial privatisation of state holding corporations
Quan Dong and
Juan Bárcena-Ruiz ()
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Quan Dong: South China Normal University
Journal of Economics, 2021, vol. 132, issue 3, No 2, 223-250
Abstract We consider a state holding corporation with two plants that may produce heterogeneous goods. The public sector competes with a private sector that may be composed of uniplant firms or a multiplant firm. Private firms care about corporate social responsibility (CSR). We find that the stake held by the government in the state corporation depends on several factors: the degree to which private firms are concerned with CSR, whether private firms are uniplant or multiplant and whether goods are substitutes, complements or independent in demand. Depending on those factors, the state corporation may be partially privatised or remain fully public. The same factors also affects social welfare and thus the organisational structure of private firms by the government.
Keywords: Partial privatisation; State holding corporation; Corporate social responsibility; Multiproduct firms; Oligopoly (search for similar items in EconPapers)
JEL-codes: L22 M14 Q56 Q58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:132:y:2021:i:3:d:10.1007_s00712-020-00725-5
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