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An Empirical Analysis of the Strategic Use of Corporate Social Responsibility

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  • Donald S. Siegel
  • Donald F. Vitaliano

Abstract

Recent theories of the strategic use of corporate social responsibility (CSR) emphasize the role of information asymmetry and how CSR is likely to be incorporated into a firm's product 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.

Suggested Citation

  • Donald S. Siegel & Donald F. Vitaliano, 2007. "An Empirical Analysis of the Strategic Use of Corporate Social Responsibility," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(3), pages 773-792, September.
    • Handle: RePEc:bla:jemstr:v:16:y:2007:i:3:p:773-792
    DOI: 10.1111/j.1530-9134.2007.00157.x
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