Markus Kitzmueller|Jay P. Shimshack
Economic Perspectives on Corporate Social Responsibility
World Bank Group|Tulane University
paper synthesizes expanding corporate social responsibility csr literature define csr economic perspective develop csr taxonomy connects disparate approaches subject explore whether csr exist investigate conditions csr may produce higher welfare public good provision channels also explore csr exist integrate theoretical predictions empirical findings economic noneconomic sources find limited systematic empirical evidence favor csr mechanisms related induced innovation moral hazard shareholder preferences labor markets contrast uncover consistent empirical evidence favor csr mechanisms related consumer markets private politics public politics jel d21 l21 m14