Mackey, Tyson B.; Mackey, Alison; Christensen, Lisa Jones; … - In: Journal of business ethics : JBE 175 (2022) 1, pp. 59-73
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 …
