can use each approach to differentially influence managers to make more CSR investments. The paper uses game theory with … an all-pay contest structure to model how a large institutional investor could reward firms for CSR activities by …). We identify conditions under which the punishment contest induces a higher level of CSR activity among firms compared to …

To reduce a negative externality, socially responsible households can invest responsibly (SRI), consume responsibly … analyze how responsible households should use SRI and SRC to maximize their impact. Both strategies reduce the externality as … impact when using SRC in equal proportion to SRI. A mere focus on SRC is never efficient. SRI plays a role in any green …

into the business planning and long-term strategy, and their view of the costs and benefits of ESG-related programs. We ask …:• What are the real costs and benefits of ESG? • How do companies signal to constituents that they take ESG activities … seriously? • How accurate are the ratings of third-party providers that rate companies on ESG factors?• Do boards understand the …