Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202478
Authors: 
Puggioni, Daniela
Stefanou, Spiro E.
Year of Publication: 
2018
Series/Report no.: 
Working Papers 2018-12
Abstract: 
This paper models Corporate Social Responsibility (CSR) as one of the outputs that results from a firm's decisions regarding what and how to produce. The framework developed allows for studying technical efficiency and deriving a system of internal shadow prices to quantify the value of implementing socially responsible activities. The empirical application focuses on the food and beverage manufacturing sector worldwide. The results indicate high levels of technical efficiency in this sector and document a positive average shadow price of CSR activities, implying that the net value of implementing this kind of activities is positive to the firm as their benefit exceeds the cost. In particular, it is shown that increasing the CSR engagement at the margin positively contributes to the creation of firm value, while reducing it has a negative marginal impact.
Subjects: 
Productivity and competitiveness
Decision processes
Non-parametric technology
Shadow prices
Corporate Social Responsibility
JEL: 
C14
D24
M14
M20
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size
709.32 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.