An Empirical Analysis of the Strategic Use of Corporate Social Responsibility

20 Pages Posted: 26 Jul 2007

See all articles by Donald S. Siegel

Donald S. Siegel

University at Albany, SUNY

Donald F. Vitaliano

Rensselaer Polytechnic Institute (RPI) - Department of Economics

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Abstract

Recent theories of the strategic use of corporate social responsibility (CSR) emphasize the role of information asymmetry and how CSR is likely to be incorporated into a firm's product differentiation strategy. A key empirical implication of these theories is that firms selling experience or credence goods 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.

Suggested Citation

Siegel, Donald S. and Vitaliano, Donald F., An Empirical Analysis of the Strategic Use of Corporate Social Responsibility. Journal of Economics & Management Strategy, Vol. 16, No. 3, pp. 773-792, Fall 2007. Available at SSRN: https://ssrn.com/abstract=1003297 or http://dx.doi.org/10.1111/j.1530-9134.2007.00157.x

Donald S. Siegel (Contact Author)

University at Albany, SUNY ( email )

1400 Washington Avenue
Albany, NY 12222
United States
(518) 956-8311 (Phone)

Donald F. Vitaliano

Rensselaer Polytechnic Institute (RPI) - Department of Economics ( email )

110 8th Street
Troy, NY 12180
United States
518-276-2049 (Phone)
518-276-2235 (Fax)

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