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We examine the role of CSR as a mechanism for private provision of public goods. We argue that corporations are using … CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that … offered to corporations engaged in CSR activities. …
Persistent link: https://www.econbiz.de/10010948835
Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Philanthropy or other Corporate Social Responsibility policies. This paper compares the effectiveness of social incentives - that take the form...
Persistent link: https://www.econbiz.de/10010764293
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010607007
this may help their reputation for sustainable management and CSR. These sectors display green haven effects. These …
Persistent link: https://www.econbiz.de/10011264743
The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered …
Persistent link: https://www.econbiz.de/10009653373
Banking reform has proved to be one of the most problematic elements of economic transition in central and Eastern Europe. Therefore the paper considers the development of the Estonian banking sector and derives individual banks´ fragility scores during transition. To this end we use...
Persistent link: https://www.econbiz.de/10005766008
on the unconditional, down-flow grant system in Estonia. In particular the procedure of determining the total sum of …
Persistent link: https://www.econbiz.de/10008533988
We study a principal-agent model in which the agent can provide ex post additional relevant information regarding his performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors outside his control. However, building a convincing...
Persistent link: https://www.econbiz.de/10010877776
Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more...
Persistent link: https://www.econbiz.de/10005766276
Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International Property Rights Index (IPRI), we find that cognitive skill measures are significant, robust, and large in magnitude. We use two databases of cognitive skills: estimates of...
Persistent link: https://www.econbiz.de/10010877712