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Moral management in competitive markets

机译:竞争市场中的道德管理

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摘要

The intrinsic motivation of a firm's management for engaging in prosocial behavior is an important determinant of a firm's social conduct. I provide the first model in which firms run by morally motivated managers engage in corporate social responsibility (CSR) in a competitive setting. Moral management crowds out a competitor's strategic CSR, increasing profitability and leading shareholders to strategically delegate moral managers, although necessary for socially optimal CSR is that shareholders be morally motivated as well. Shareholders appoint managers that engage in a socially excessive amount of CSR, counter to existing literature, whenever product-market competition is sufficiently intense.
机译:企业管理层从事亲社会行为的内在动力是企业社会行为的重要决定因素。我提供了第一个模型,在该模型中,由具有道德动机的经理经营的公司在竞争环境中参与公司的社会责任(CSR)。道德管理挤占了竞争对手的战略CSR,提高了盈利能力,并引导股东从战略上委托道德管理者,尽管对于社会最佳CSR而言,股东也必须具有道德动机。每当产品市场竞争足够激烈时,股东就会任命管理人员,参与社会上过多的企业社会责任,与现有文献相反。

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