The Impacts of Social Activism and Corporate Social Responsibility on Food

Anubrata Deka, Amalia Yiannaka and Konstantinos Giannakas

No 413349, Cornhusker Economics from University of Nebraska-Lincoln, Department of Agricultural Economics

Abstract: A recent report finds that 86% of Americans expect for-profit companies to be active in addressing social and environmental issues (Porter Novelli/Cone 2019). In addition to benefiting society, engagement in prosocial behavior, known as corporate social responsibility (CSR), can improve a firm’s competitiveness and economic performance. Engagement in proactive CSR can enhance a firm’s relationship with the public by building its reputation of being a trustworthy, credible and responsible citizen. Studies have argued that the reputation firms develop through CSR activities can provide ‘insurance-like’ protection from future negative publicity and attacks on the firm (Godfrey et al. 2009; Gardberg and Fombrum 2006). However, firms engaging in CSR practices may choose to exploit public trust by engaging in fraudulent behavior, which often takes the form of making false or misleading claims about their product quality and/or production practices.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nbaece:413349

DOI: 10.22004/ag.econ.413349

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