Strategic CSR and merger decisions in multiproduct mixed markets with state-holding corporation

• Published in: International review of economics & finance Vol. 72; pp. 319 - 333
• Main Authors: Leal, Mariel, García, Arturo, Lee, Sang-Ho
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.03.2021
• Subjects: Merger; Mixed market; State holding corporation; Strategic corporate social responsibility; Strategic corporate social responsibility; Merger; Mixed market; D45; State holding corporation; L33; L13

We consider mixed markets with two differentiated products, comprised of a state holding corporation (SHC) and private firms, which decide strategic corporate social responsibility (CSR) and merger between the multiple plants. In the managerial delegation model, we show that the level of unilateral...