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Two papers of interest from Fabio Sabatini's e-mail digest of economic research papers published and sponsored by SUNY Oswego . Fabio coordinates Social Capital Gateway.
| Date: | 2007-11-22 |
| By: | Lundgren, Tommy
(Umeå School of Business)
|
| URL: | http://d.repec.org/n?u=RePEc |
| This paper seeks to explore the economic mechanisms behind corporate social responsibility (CSR) in a micro-economic model of the firm. The motivation of this study is to shed some light on the potential causes of the observed phenomena of voluntary over-compliance among firms. We consider a few diferent models, both static and dynamic, to investigate how various assumptions about costs and benefits may aspect CSR behavior through a stock of goodwill capital. Our analysis show that in optimum, the profit maximizing firm must balance costs and benefits of CSR. From a cursory look into the CSR literature, we find evidence that some of the hypotheses that can be derived from the models in this paper can be verified empirically. | |
| Keywords: | corporate social responsibility; dynamics; goodwill; uncertainty |
| Date: | 2008-01 |
| By: | John F. Ermisch
(Institute for Social and Economic Research)
Diego Gambetta (Nuffield College, Oxfod) Heather Laurie (Institute for Social and Economic Research) Thomas Siedler (DIW Berlin) S.C. Noah Uhrig (Institute for Social and Economic Research) |
| URL: | http://d.repec.org/n?u=RePEc |
| We measure trust and trustworthiness in British society with an experiment using real monetary rewards and a sample of the British population. The study also asks the most typical survey question that aims to measure trust, showing that it does not predict ‘trust’ as measured in the experiment. Overall, about 40% of people were willing to trust a stranger in our experiment, and their trust was rewarded one-half of the time. Analysis of variation in the trust behaviour in our survey suggests that trust is more likely if people are older, their financial situation is ‘comfortable’, they are a homeowner, or they are divorced or separated. Trustworthiness is less likely if a person’s financial situation is perceived by them as ‘just getting by’ or difficult. | |
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