| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15176 |
| DP15176 Exit vs. Voice | |
| Eleonora Broccardo; Oliver Hart; Luigi Zingales | |
| 发表日期 | 2020-08-17 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the relative effectiveness of exit (divestment and boycott) and voice (engagement) strategies in promoting socially desirable outcomes in companies. We show that in a competitive world exit is less effective than voice in pushing firms to act in a socially responsible manner. Furthermore, we demonstrate that individual incentives to join an exit strategy are not necessarily aligned with social incentives, whereas they are when well-diversified investors are allowed to express their voice. We discuss what social and legal considerations might sometimes make exit preferable to voice. |
| 主题 | Industrial Organization |
| 关键词 | Exit voice Social responsibility Divestment Boycott Engagement |
| URL | https://cepr.org/publications/dp15176 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544146 |
| 推荐引用方式 GB/T 7714 | Eleonora Broccardo,Oliver Hart,Luigi Zingales. DP15176 Exit vs. Voice. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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