An Empirical Analysis of the Strategic Use of Corporate Social Responsibility
Donald S. Siegel
University at Albany, SUNY
Donald F. Vitaliano
Rensselaer Polytechnic Institute (RPI) - Department of Economics
Recent theories of the strategic use of corporate social responsibility (CSR) emphasize the role of information asymmetry and how CSR is likely to be matrixed into a firm's product differentiation strategy. A key empirical implication of these theories is that firms selling experience or credence goods and services are more likely to be socially responsible than firms selling search goods. Using firm-level data, we report evidence that is consistent with this hypothesis.
Number of Pages in PDF File: 25
Keywords: Corporate Social Responsibility (CSR), Search Goods, Experience Goods, Credence Goods
JEL Classification: M14, D21
Date posted: May 11, 2006
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