Description
Title: Product market power and corporate social responsibility
Abstract: This study examines listed companies on the Taiwan Stock Exchange and Taipei Exchange from 2005 to 2017 in order to determine the effect of corporate social responsibility (CSR) on the product market power. The results demonstrate a positive relationship between CSR and excess price-cost margins (market share), supporting the idea that businesses that value CSR activities can boost the competitive advantage of their products in the marketplace. We use CSR awards as a social responsibility indicator.
Keywords: corporate social responsibility; product market power; excess price-cost margin; market share
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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