文章基本信息

标题：Partial Ownership for a Public Firm and Corporate Social Responsibility
本地全文：下载
作者：Lihua Han
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2019
卷号：9
期号：7
页码：2447-2455
DOI：10.4236/tel.2019.97155
出版社：Scientific Research Publishing
摘要：This paper introduces corporate social responsibility (CSR) into a traditional mixed oligopoly to examine effects of firms’ CSR activities on privatization of a public firm. Private CSR firms take both profits and consumer surplus into consideration. It is shown that the optimal degree of privatization (nationalization) decreases (increases) with an increase in the percentage of consumer surplus taken into account by the CSR firms. In other words, the government should hold more shares in the partially privatized firm when the private firms are CSR rather than pure profit-maximizing ones. Furthermore, we find that it is socially optimal that the CSR firms partly (not totally) consider consumers’ benefits..
关键词：Partial Privatization;Corporate Social Responsibility;Mixed Oligopoly