Firm behavior

2014 ◽  
pp. 31-42
Author(s):  
Hendrik Hagedorn
Keyword(s):  
Firm Behavior

scholarly journals Mandatory CSR and sustainability reporting: economic analysis and literature review

2021 ◽  
Author(s):  
Hans B. Christensen ◽  
Luzi Hail ◽  
Christian Leuz
Keyword(s):  
Firm Behavior ◽  
Sustainability Reporting ◽  
Economic Effects ◽  
Economic Consequences ◽  
Future Research ◽  
Current Debate ◽  
Reporting Standards ◽  
Csr Reporting ◽  
Key Features ◽  
Corporate Social

AbstractThis study collates potential economic effects of mandated disclosure and reporting standards for corporate social responsibility (CSR) and sustainability topics. We first outline key features of CSR reporting. Next, we draw on relevant academic literatures in accounting, finance, economics, and management to discuss and evaluate the potential economic consequences of a requirement for CSR and sustainability reporting for U.S. firms, including effects in capital markets, on stakeholders other than investors, and on firm behavior. We also discuss issues related to the implementation and enforcement of CSR and sustainability reporting standards as well as two approaches to sustainability reporting that differ in their overarching goals and materiality standards. Our analysis yields a number of insights that are relevant for the current debate on mandatory CSR and sustainability reporting. It also points scholars to avenues for future research.

scholarly journals Recent Studies on Common Ownership, Firm Behavior, and Market Outcomes

2021 ◽  
Vol 66 (1) ◽  
pp. 12-38
Author(s):  
Martin C. Schmalz
Keyword(s):  
Firm Behavior ◽  
Fast Rate ◽  
Empirical Work ◽  
Estimation Methods ◽  
Reduced Form ◽  
Market Outcomes ◽  
Competitive Effects ◽  
The Past ◽  
Common Ownership ◽  
Meaningful Research

The literature on competitive effects of common ownership has grown at a fast rate in the past two years. Anticompetitive effects have been confirmed with alternative reduced-form and structural estimation methods, in different industries, geographies, and jurisdictions. Multiple independent studies have disproven early critiques of the literature. Other papers document the heterogeneity of common ownership effects on competition across markets and industries. Important advances were made on the study of the economic mechanisms and governance channels that implement anti-competitive incentives. New theory refines the interpretation of existing empirical work. Access to high-quality ownership and product-market data remains a bottleneck for meaningful research in the area.

scholarly journals Firm Behavior and Pollution in Small Geographies

2021 ◽  
pp. 103742
Author(s):  
Dakshina G. De Silva ◽  
Robert P. McComb ◽  
Anita R. Schiller ◽  
Aurelie Slechten
Keyword(s):  
Firm Behavior

scholarly journals Almost‐Maximization as a Behavioral Theory of the Firm: Static, Dynamic and Evolutionary Perspectives

2019 ◽  
Vol 56 (2) ◽  
pp. 237-258
Author(s):  
Huw Dixon
Keyword(s):  
Dynamic Behavior ◽  
Firm Behavior ◽  
Theory Of The Firm ◽  
Behavioral Theory ◽  
Price Rigidity ◽  
Price Setting ◽  
Term Survival ◽  
Sales Revenue ◽  
Evolutionary Perspectives

Abstract In this paper we consider the effect of epsilon maximization on firm behavior. In particular we focus on the dynamic behavior of firms with the use of the example of price‐setting: We show how almost-rational firms can be more volatile in their behavior. However, if a lexicographic preference for simplicity is made, then we can explain nominal price rigidity as a result of epsilon optimization. The behavior of the firm—which is consistent with its long‐term survival—is examined. We argue that epsilon-optimization is consistent with survival in any context in which something is optimized: such as sales revenue.

scholarly journals Firm heterogeneity and firm behavior with conditional policies

2008 ◽  
Vol 98 (2) ◽  
pp. 122-128 ◽  
Author(s):  
Svetlana Demidova ◽  
Kala Krishna
Keyword(s):  
Firm Behavior ◽  
Firm Heterogeneity

Consumer Consent and Firm Targeting After GDPR: The Case of a Large Telecom Provider

2021 ◽  
Author(s):  
Miguel Godinho de Matos ◽  
Idris Adjerid
Keyword(s):  
Firm Behavior ◽  
Personal Information ◽  
Data Types ◽  
Privacy Regulation ◽  
General Data Protection Regulation ◽  
Consumer Privacy ◽  
General Data ◽  
Targeted Marketing ◽  
Dramatic Shift ◽  
Lock In

The general data protection regulation (GDPR) represents a dramatic shift in global privacy regulation. We focus on GDPR’s enhanced consumer consent requirements that aim to provide transparent and active elicitation of data allowances. We evaluate the effect of enhanced consent on consumer opt-in behavior and on firm behavior and outcomes after consent is solicited. Utilizing an experiment at a large telecommunications provider with operations in Europe, we find that opt-in for different data types and uses increased once GDPR-compliant consent was elicited. However, consumers did not uniformly increase data allowances and continued to generally restrict permissions for more sensitive or tangential uses of their personal information. We also find that sales, the efficacy of marketing communications, and contractual lock-in increased after consumers provided new data allowances. Additional analysis suggests that these gains to the firm emerged because new data allowances enabled them to increase their use of targeted marketing for households that were amenable to these marketing efforts. These results have significant implications for firms and policymakers and suggest that enhanced consent provided via GDPR may be effective for increasing consumer privacy protection while also allowing firms reliant on consumers’ personal information to improve outcomes. This paper was accepted by Chris Forman, information systems.

Inside global financial networks

2018 ◽  
Vol 8 (3) ◽  
pp. 294-299 ◽  
Author(s):  
Laura-Marie Töpfer
Keyword(s):  
Firm Behavior ◽  
Financial System ◽  
The State ◽  
Financial Networks ◽  
Different Types ◽  
Competitive Hierarchies ◽  
Global Financial System

The commentaries on this forum’s anchor article, ‘China’s Integration into the Global Financial System: Toward a State-led Conception of Global Financial Networks’, examine how the state is shaping global financial networks (GFNs). In response to these reviews, this article discusses three common themes that bind the different commentaries: (1) different types of agency, power, and the rise of new actors; (2) the methodology behind studying state-led GFNs; and (3) the structural question of ‘Chinese exceptionalism’ as a mode of capitalism. Overall, this article affirms that the state remains central to our understanding of competitive hierarchies and firm behavior in financial networks.

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