| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21215 |
| 来源ID | Working Paper 21215 |
| Crime, Punishment and the Halo Effect of Corporate Social Responsibility | |
| Harrison Hong; Inessa Liskovich | |
| 发表日期 | 2015-06-01 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Three reasons are often cited for the value of corporate social responsibility: product quality signalling, delegated giving, and the halo effect. Previous tests cannot separate these channels because they focus on consumers, who value all three. We focus on prosecutors, who are only susceptible to the halo effect. Using Foreign Corrupt Practices Act enforcements, we find that social responsibility is associated with 2 million dollars less in fines, though it is uncorrelated with bribe characteristics and cooperation, which should entirely determine sanctions following Becker (1974). We show that this bias is likely a halo effect and not prosecutorial conflict of interest. |
| 主题 | Financial Economics ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w21215 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578890 |
| 推荐引用方式 GB/T 7714 | Harrison Hong,Inessa Liskovich. Crime, Punishment and the Halo Effect of Corporate Social Responsibility. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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