Strategic Corporate Social Responsibility by a Multinational Firm and International Privatization Policies

• 발행기관: 한국계량경제학회
• 저자명: Lili Xu Sang-Ho Lee
• 간행물 정보: 『JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS』Vol.32 No.1, 25~53쪽, 전체 29쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.03.30

영문 초록

We consider a multinational global firm that adopts corporate social responsibility (CSR) in two countries and examine international privatization policies with the strategic transmission of CSR. We find that the strategic level of CSR crucially depends on the percentage of the global firm’s shares held in each country. We show that single privatization increases (decreases) CSR when the share is small (large), while dual privatization always leads to the highest CSR. We also show that domestic welfare under global standard of CSR, which is set to improve global welfare, is higher (lower) than that under the global firm’s strategic CSR when the share is small (large). Finally, we show that dual nationalization is a unique equilibrium in an international privatization choice game, irrespective of imposing the global standard of CSR, which causes global welfare loss.

목차

1. INTRODUCTION

2. THE MODEL

3. THE ANALYSIS

4. DISCUSSION ON THE CSR INITIATIVE

5. INTERNATIONAL PRIVATIZATION CHOICE GAME

6. CONCLUSION

키워드

Global Firm Strategic CSR Global Standard of CSR International Privatization Policy