A Product-Based Theory of Corporate Social Responsibility DOI
Yan Xiong, Liyan Yang

SSRN Electronic Journal, Journal Year: 2022, Volume and Issue: unknown

Published: Jan. 1, 2022

We propose a theory of corporate social responsibility by linking it to the characteristics firm's product market. The features network property in sense that value each consumer increases with number consumers. Moreover, technology development, firm is able adopt personalized pricing for consumer. show such could maximize its monetary profit committing being socially responsible consumers, thereby supporting notion ``doing well doing good.'' Our analysis yields novel empirical implications.

Language: Английский

Personalized Pricing and Firm Incentives DOI
Yan Xiong, Liyan Yang

Published: Jan. 1, 2024

Big data and technology have led to the widespread adoption of personalized pricing practices. Although price personalization helps a firm extract rent from consumers, it makes prices less transparent, which can harm profits in contexts featuring consumer coordination. We show that alternative incentives for firm, such as corporate social responsibility toward facilitate commitment lower product prices, overcome coordination problem among consumers increases profits, thus supporting notion "doing well by doing good." Our analysis provides implications regulating pricing.

Language: Английский

Citations

1
Polarization, Purpose and Profit DOI
Daniel Ferreira,

Radoslawa Nikolowa

SSRN Electronic Journal, Journal Year: 2023, Volume and Issue: unknown

Published: Jan. 1, 2023

We present a model in which firms compete for workers who have taste nonpecuniary job attribute, such as purpose, sustainability, ES/CSR, or working conditions. Firms can invest flexible production technologies that allow them to create jobs with different levels of the desirable attribute. In competitive equilibrium, never employ intermediate preferences These become polarized and cater extreme preferences. Traditional investors prefer buy shares sectors, while socially responsible less sectors. more sectors are valuable higher stock returns than

Language: Английский

Citations

3
A Product-Based Theory of Corporate Social Responsibility DOI
Yan Xiong, Liyan Yang

SSRN Electronic Journal, Journal Year: 2022, Volume and Issue: unknown

Published: Jan. 1, 2022

We propose a theory of corporate social responsibility by linking it to the characteristics firm's product market. The features network property in sense that value each consumer increases with number consumers. Moreover, technology development, firm is able adopt personalized pricing for consumer. show such could maximize its monetary profit committing being socially responsible consumers, thereby supporting notion ``doing well doing good.'' Our analysis yields novel empirical implications.

Language: Английский

Citations

1