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The Corporate Social Responsibility is just a twist in a Möbius strip

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  • Solferino, Nazaria
  • Solferino, Viviana

Abstract

In recent years economics agents and systems have become more and more interacting and juxtaposed, therefore the social sciences need to rely on the studies of physical sciences to analyze this complexity in the relationships. According to this point of view the authors rely on the geometrical model of the Möbius strip used in the electromagnetism which analyzes the moves of the electrons that produce energy. They use a similar model in a Corporate Social Responsibility context to devise a new cost function in order to take into account of three positive crossed effects on the efficiency: i) cooperation among stakeholders in the same sector; ii) cooperation among similar stakeholders in different sectors and iii) the stakeholders' loyalty towards the company. By applying this new cost function to a firm's decisional problem the authors find that investing in Corporate Social Responsibility activities is ever convenient depending on the number of sectors, the stakeholders' sensitivity to these investments and the decay rate to alienation. The work suggests a new method of analysis which should be developed not only at a theoretical but also at an empirical level.

Suggested Citation

  • Solferino, Nazaria & Solferino, Viviana, 2016. "The Corporate Social Responsibility is just a twist in a Möbius strip," Economics Discussion Papers 2016-12, Kiel Institute for the World Economy (IfW Kiel).
  • Handle: RePEc:zbw:ifwedp:201612
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    References listed on IDEAS

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    1. Tamm, Katrin & Eamets, Raul & Mõtsmees, Pille, 2010. "Are Employees Better Off in Socially Responsible Firms?," IZA Discussion Papers 5407, Institute of Labor Economics (IZA).
    2. Becchetti, Leonardo & Castriota, Stefano & Tortia, Ermanno, 2009. "Productivity, wages and intrinsic motivation in social enterprises," AICCON Working Papers 66-2009, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    3. Becchetti, Leonardo & Palestini, Arsen & Solferino, Nazaria & Elisabetta Tessitore, M., 2014. "The socially responsible choice in a duopolistic market: A dynamic model of “ethical product” differentiation," Economic Modelling, Elsevier, vol. 43(C), pages 114-123.
    4. Leonardo Becchetti & Nazaria Solferino & Maria Elisabetta Tessitore, 2016. "Corporate social responsibility and profit volatility: theory and empirical evidence," Industrial and Corporate Change, Oxford University Press, vol. 25(1), pages 49-89.
    5. Diewert, W E, 1971. "An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 481-507, May-June.
    6. J. Barkley Rosser, 2008. "Econophysics And Economic Complexity," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 11(05), pages 745-760.
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    Cited by:

    1. Ignacio Alvarez Mon & Patricia Gabaldón & Margarita Nuñez, 2022. "Social entrepreneurs: making sense of tensions through the application of alternative strategies of hybrid organizations," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 975-997, June.
    2. Lopez Arceiz, Francisco & Solferino, Nazaria & Solferino, Viviana & Tortia, Ermanno C., 2016. "Corporate social responsibility is just a twist in a Möbius Strip: An empirical test on Italian cooperatives," MPRA Paper 74776, University Library of Munich, Germany.

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    More about this item

    Keywords

    corporate social responsibility; econophysics; firm behavior;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • Z1 - Other Special Topics - - Cultural Economics

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