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Why don't all firms do 'good' equally?

Research output: Working paper

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Why don't all firms do 'good' equally? / Banerjee, Shantanu; Homroy, Swarnodeep; Slechten, Aurelie Cecile Dominique.

Lancaster : Lancaster University, Department of Economics, 2016. (Economics working paper series).

Research output: Working paper

Harvard

Banerjee, S, Homroy, S & Slechten, ACD 2016 'Why don't all firms do 'good' equally?' Economics working paper series, Lancaster University, Department of Economics, Lancaster.

APA

Banerjee, S., Homroy, S., & Slechten, A. C. D. (2016). Why don't all firms do 'good' equally? (Economics working paper series). Lancaster University, Department of Economics.

Vancouver

Banerjee S, Homroy S, Slechten ACD. Why don't all firms do 'good' equally? Lancaster: Lancaster University, Department of Economics. 2016 May. (Economics working paper series).

Author

Banerjee, Shantanu ; Homroy, Swarnodeep ; Slechten, Aurelie Cecile Dominique. / Why don't all firms do 'good' equally?. Lancaster : Lancaster University, Department of Economics, 2016. (Economics working paper series).

Bibtex

@techreport{0c6c419575274d38900fe2723dd162ea,
title = "Why don't all firms do 'good' equally?",
abstract = "This paper shows that di¤erence in equity holding structure leads to heterogeneous firm preference for investing in social capital (CSR). In our theoretical model managerial and customer preferences jointly influence CSR investments. We show that if managerial preference is high, social investments of firms are higher, independent of customer preference. We test our theoretical predications using data from Indian firms. We show that firms with concentrated shareholding invest more in CSR. Firms with dispersed shareholding increase social investments if they export to the United States and the European Union, but they decrease these expenses in reaction to antidumping penalties.",
keywords = "Controlling Stakeholding, Public Goods, Corporate Social Responsibility",
author = "Shantanu Banerjee and Swarnodeep Homroy and Slechten, {Aurelie Cecile Dominique}",
year = "2016",
month = may
language = "English",
series = "Economics working paper series",
publisher = "Lancaster University, Department of Economics",
type = "WorkingPaper",
institution = "Lancaster University, Department of Economics",

}

RIS

TY - UNPB

T1 - Why don't all firms do 'good' equally?

AU - Banerjee, Shantanu

AU - Homroy, Swarnodeep

AU - Slechten, Aurelie Cecile Dominique

PY - 2016/5

Y1 - 2016/5

N2 - This paper shows that di¤erence in equity holding structure leads to heterogeneous firm preference for investing in social capital (CSR). In our theoretical model managerial and customer preferences jointly influence CSR investments. We show that if managerial preference is high, social investments of firms are higher, independent of customer preference. We test our theoretical predications using data from Indian firms. We show that firms with concentrated shareholding invest more in CSR. Firms with dispersed shareholding increase social investments if they export to the United States and the European Union, but they decrease these expenses in reaction to antidumping penalties.

AB - This paper shows that di¤erence in equity holding structure leads to heterogeneous firm preference for investing in social capital (CSR). In our theoretical model managerial and customer preferences jointly influence CSR investments. We show that if managerial preference is high, social investments of firms are higher, independent of customer preference. We test our theoretical predications using data from Indian firms. We show that firms with concentrated shareholding invest more in CSR. Firms with dispersed shareholding increase social investments if they export to the United States and the European Union, but they decrease these expenses in reaction to antidumping penalties.

KW - Controlling Stakeholding

KW - Public Goods

KW - Corporate Social Responsibility

M3 - Working paper

T3 - Economics working paper series

BT - Why don't all firms do 'good' equally?

PB - Lancaster University, Department of Economics

CY - Lancaster

ER -