Donald S. Siegel () (Department of Economics, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA) Donald F. Vitaliano () (Department of Economics, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA)
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Recent theories of the strategic use of corporate social responsibility (CSR) emphasize the role of information asymmetry and how CSR is likely to be matrixed into a firm's differentiation strategy. A key empirical implication of these theories is that firms selling experience or credence goods are more likely to be socially responsible than firms selling search goods. Using firm-level data, we report evidence that is consistent with this hypothesis.
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Find related papers by JEL classification: M14 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Corporate Culture; Social Responsibility D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
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