Mitigating endogeneity in corporate social responsibility research: An investigation using a neoclassical production function
Kristie Briggs and
Eric J. Neuman
Managerial and Decision Economics, 2022, vol. 43, issue 1, 3-15
This paper investigates the growing need to control for endogeneity in corporate social responsibility (CSR) research. We modify the theoretical constructs of a neoclassical production function to include CSR and in doing so provide theoretical evidence of endogeneity in the estimation equation. We find that failure to empirically control for endogeneity leads to results that suggest CSR has a negative impact on firm production. However, when controlling for endogeneity through a two‐stage approach, the negative impact disappears. Moreover, we demonstrate the efficacy of using a proven theoretical estimation technique to include CSR and, therefore, mitigate endogeneity concerns.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:43:y:2022:i:1:p:3-15
Access Statistics for this article
Managerial and Decision Economics is currently edited by Antony Dnes
More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().