CSR in a Model of Heterogeneous Firms, Financial Constraints and Economic Crisis

Luisa Giallonardo () and Marcella Mulino
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Luisa Giallonardo: University of L’Aquila
Marcella Mulino: University of L’Aquila

Chapter Chapter 4 in Corporate Social Responsibility in the Global Business World, 2014, pp 77-91 from Springer

Abstract: Abstract The paper develops a model considering strategic CSR and vertical product differentiation in the context of heterogeneous firms and monopolistic competition, based on the strand of literature on heterogeneous firms in international trade pioneered by Mélitz (2003). We seek to provide some understanding as to which of the features influence corporate CSR performance, factors which motivate firms to engage it and the strategies firms adopt in order to approach it. The results change if we introduce more realistic hypothesis, for example, the financial constraint firms face or the presence of economic cycles. We suggest that it is possible in times of crisis under certain conditions that firms attention for CSR can in fact be strengthened.

Keywords: Corporate Social Responsibility; Socially Responsible; Financial Constraint; Corporate Social Responsibility Activity; Corporate Social Responsibility Performance (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-37620-7_4

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DOI: 10.1007/978-3-642-37620-7_4

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