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Common Ownership and Environmental Corporate Social Responsibility

Author

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  • Hirose, Kosuke
  • Matsumura, Toshihiro

Abstract

We theoretically investigate how common ownership (or the extent of collusion in an industry) affects firms' voluntary commitment with emission restrictions and emissions abatement activities in an oligopoly. We find that common ownership reduces emissions by reducing output, and may stimulate emissions abatement activities if the degree of common ownership is small. However, significant common ownership always reduces emissions abatement activities. Additionally, common ownership may or may not improve welfare, depending on the implicit carbon cost.

Suggested Citation

  • Hirose, Kosuke & Matsumura, Toshihiro, 2021. "Common Ownership and Environmental Corporate Social Responsibility," MPRA Paper 111120, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:111120
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    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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