When Necessity Becomes a Virtue: The Effect of Product Market Competition on CSR

Daniel Fernandez Kranz and Juan Santaló ()
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Juan Santaló: Instituto de Empresa
Authors registered in the RePEc Author Service: Juan Santalo

Working Papers Economia from Instituto de Empresa, Area of Economic Environment

Abstract: We report evidence that Product Market Competition is positively associated to widely-used Corporate Social Responsibility ratings. In particular we show that different market concentration measures are negatively associated to social impact ratings. We also provide evidence that changes in import penetration rates instrumented by import tariffs are positively associated to these social ratings. Finally we report that firm pollution levels are negatively associated to market concentration measures. Our results suggest that -all else constant- doubling competition in the marketplace would increase CSR ratings of an average company between 184% and 800%.

Keywords: Strategy; Corporate social responsibility; Product market competition (search for similar items in EconPapers)
Pages: 32 pages
Date: 2008-07
New Economics Papers: this item is included in nep-bec, nep-com and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:emp:wpaper:wp08-27

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