This paper models Corporate Social Responsibility (CSR) as one of the outputs that results from a firm's decisions regarding what and how to produce. The framework developed allows for studying technical efficiency and deriving a system of internal shadow prices to quantify the value of...

This study attempts to formalize and explain the process through which Corporate Social Responsibility (CSR) is created incorporating it into a production framework for characterizing the technology and representing the transformation process of multiple inputs into multiple outputs. CSR is one...

This paper models Corporate Social Responsibility (CSR) as one of the outputs that results from a firm's decisions regarding what and how to produce. The framework developed allows for studying technical efficiency and deriving a system of internal shadow prices to quantify the value of...