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

이상호|Lili Xu
한국계량경제학회|2021.03|계량경제학보 (Journal of Economic Theory and Econometrics)|제32권 제1호|pp. 25-53|DOI 10.22812/jetem.2021.32.1.002

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키워드

Global FirmStrategic CSRGlobal Standard of CSRInternational Privatization Policy
주제분류경제학

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.

Abstract

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.

참고문헌 (55)

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관련 논문AI추천

Unionized Mixed Oligopoly and Privatization with Excess Burden of Taxation최강식한국계량경제학회 · 계량경제학보2015 · 제26권 제4호Optimal Trade and Privatization Policies in an International Mixed Market이상호, Rong Yu경제연구소 · Seoul Journal of Economics2011 · 제24권 제1호Voluntary Technology Sharing under Partial Passive Ownership and Privatization Policy이상호, 조수미한국계량경제학회 · 계량경제학보2022 · 제33권 제4호Subsidization Policy on the Social Enterprise for the Underprivileged이상호, 조수미한국경제학회 · The Korean Economic Review2017 · 제33권 제1호Endogenous Timing with a Socially Responsible Firm이상호, Arturo Garcia, Mariel Leal한국경제학회 · The Korean Economic Review2019 · 제35권 제2호Effects of Mixed Oligopoly and Emission Taxes on the Market and Environment이기동, 이우형, Tohru Naito한국경제학회 · The Korean Economic Review2017 · 제33권 제2호

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