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Why Do Private Firms Invest in Public Goods?

In: Cross-Sector Leadership for the Green Economy

Author

Listed:
  • Gurneeta Vasudeva

    (Carlson School of Management, University of Minnesota)

  • Hildy Teegen

    (Darla Moore School of Business, University of South Carolina)

Abstract

Recent years have witnessed a growing debate surrounding the idea that firms that act in public interest will profit from doing so. Although the proponents of this idea have argued that public and private interests are inextricably linked for firms seeking sustainable competitive advantage (e.g., Kanter, 2009), the skeptics offer a different perspective. They point out that “in circumstances in which profits and social welfare are in direct opposition [as has been argued in the case of the oil and gas industry, for instance], managers are unlikely to act voluntarily in the public interest and against shareholder interests” (Karnani, 2010). Based on these observations, we develop a framework for why the private sector invests in the creation of public goods, how it organizes such activities, and how it benefits from these investments.

Suggested Citation

  • Gurneeta Vasudeva & Hildy Teegen, 2011. "Why Do Private Firms Invest in Public Goods?," Palgrave Macmillan Books, in: Alfred Marcus & Paul Shrivastava & Sanjay Sharma & Stefano Pogutz (ed.), Cross-Sector Leadership for the Green Economy, chapter 0, pages 263-276, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-01589-1_14
    DOI: 10.1057/9781137015891_14
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    Cited by:

    1. Stephen L. Jones & Aija Leiponen & Gurneeta Vasudeva, 2021. "The evolution of cooperation in the face of conflict: Evidence from the innovation ecosystem for mobile telecom standards development," Strategic Management Journal, Wiley Blackwell, vol. 42(4), pages 710-740, April.

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