IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/111120.html

Common Ownership and Environmental Corporate Social Responsibility

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/111120/1/MPRA_paper_111120.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shiquan Wang & Yu Liang, 2025. "Embedding Party Organization Governance in Energy Management: Effects on Corporate Carbon Emissions in Chinese State-Owned Enterprises," Energies, MDPI, vol. 18(9), pages 1-21, May.
    2. Xing, Mingqing & Lee, Sang-Ho, 2024. "Cross-ownership and green managerial delegation contracts in a mixed oligopoly," Journal of Environmental Economics and Management, Elsevier, vol. 126(C).
    3. Sumi Cho & Sang‐Ho Lee, 2024. "Cross ownership and environmental corporate social responsibility with environmental cooperation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(1), pages 446-468, January.
    4. Mingqing Xing & Sang‐Ho Lee, 2023. "Non‐cooperative and cooperative environmental R&D under environmental corporate social responsibility with green managerial coordination," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(5), pages 2684-2696, July.
    5. Guoyong Wu & Mengmin Sun & Yanchao Feng, 2024. "How does the new environmental protection law affect the environmental social responsibility of enterprises in Chinese heavily polluting industries?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    6. Wang, Shuangjin & Zhang, Xiaoqian & Cebula, Richard J. & Foley, Maggie, 2024. "Cross-shareholding, Managerial capabilities, and Strategic risk-taking in enterprises: A game or a win-win?," Finance Research Letters, Elsevier, vol. 62(PB).
    7. Yi Liu & Toshihiro Matsumura, 2024. "Welfare effects of common ownership in an international duopoly," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(2), pages 459-477, May.
    8. Hirose, Kosuke & Matsumura, Toshihiro, 2025. "Optimal energy-saving investments and Jevons Paradox in duopoly markets," Energy Economics, Elsevier, vol. 147(C).
    9. Tomoda, Yasunobu & Ouchida, Yasunori, 2023. "Endogenous bifurcation into environmental CSR and non-environmental CSR firms by activist shareholders," Journal of Environmental Economics and Management, Elsevier, vol. 122(C).
    10. Chengjie Huang & Hang Zhou & Wan Ahmad Norhayati & Ram Al Jaffri Saad & Xinrui Zhang, 2024. "Tax incentives, common institutional ownership, and corporate ESG performance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2516-2528, June.
    11. Xu, Lili & Zhang, Yidan & Matsumura, Toshihiro, 2022. "Cournot–Bertrand comparison under common ownership in a mixed oligopoly," MPRA Paper 114644, University Library of Munich, Germany.
    12. Hirose, Kosuke & Matsumura, Toshihiro, 2023. "Green transformation in oligopoly markets under common ownership," Energy Economics, Elsevier, vol. 126(C).
    13. Buccella, Domenico & Fanti, Luciano & Gori, Luca, 2024. "Corporate Social Responsibility: A theory of the firm revisited with environmental issues," GLO Discussion Paper Series 1421, Global Labor Organization (GLO).
    14. Hirose, Kosuke & Ishihara, Akifumi & Matsumura, Toshihiro, 2024. "Tax versus regulations: Polluters’ incentives for loosening industry emission targets," Energy Economics, Elsevier, vol. 136(C).
    15. Escrihuela-Villar, Marc & Gutiérrez-Hita, Carlos & Vicente-Pérez, José, 2024. "May a greener technology mix mitigate market power? Mixed vs private competition in the EU electric power market," Energy, Elsevier, vol. 313(C).
    16. Liu, Yi & Matsumura, Toshihiro, 2024. "Payoff interdependence and welfare-improving location diversification," MPRA Paper 120495, University Library of Munich, Germany.
    17. Liu, Yi & Matsumura, Toshihiro, 2025. "Fuel diversification among firms and common ownership," MPRA Paper 125747, University Library of Munich, Germany.
    18. Lili Xu & Yidan Zhang & Toshihiro Matsumura, 2023. "Competition mode and common ownership in a mixed oligopoly," Manchester School, University of Manchester, vol. 91(4), pages 306-319, July.
    19. Toshihiro Matsumura & X. Henry Wang & Chenhang Zeng, 2025. "Welfare improving common ownership in successive oligopolies: The role of the input market," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 58(1), pages 169-192, February.
    20. Haitao CHENG & Jota ISHIKAWA & Nori TARUI, 2025. "Green Consumption and Corporate Environmental Responsibility in North-South Trade," Discussion papers 25043, Research Institute of Economy, Trade and Industry (RIETI).
    21. Bui, Dang-Long & Peng, Cheng-Hau & Lin, Yan-Shu, 2025. "On the implications of cross-ownership under green transformation," Energy Economics, Elsevier, vol. 148(C).
    22. Hirose, Kosuke & Ishihara, Akifumi & Matsumura, Toshihiro, 2025. "Profit-enhancing emissions taxes in near-zero-emissions industries," MPRA Paper 124825, University Library of Munich, Germany.
    23. Sumi Cho & Sang-Ho Lee, 2025. "Strategic merger decisions under environmental corporate social responsibility," Economics Bulletin, AccessEcon, vol. 45(3), pages 1397-1405.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:111120. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.