Watchdogs of the Invisible Hand: NGO monitoring and industry equilibrium
Michela Limardi
- Fonction : Auteur
- PersonId : 1098497
- ORCID : 0000-0002-6293-8921
- IdRef : 159031540
Thierry Verdier
- Fonction : Auteur
- PersonId : 737748
- IdHAL : thierry-verdier
- IdRef : 035502037
Résumé
Globalization has been accompanied by rising pressure from advocacy non-governmental organizations (NGOs) on multinational firms to act in socially-responsible manner. We analyze how NGO pressure interacts with industry structure, using a simple model of NGO-firm interaction embedded in an industry environment with endogenous markups and entry. We explain three key empirical patterns in developing-country industries under activist pressure: the degree of exit under more intense activist pressure, the differential response of industries to NGO activism, and the general rise of NGO activism following globalization.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Watchdogs of the Invisible Hand: NGO monitoring and industry equilibrium
|
Résumé |
en
Globalization has been accompanied by rising pressure from advocacy non-governmental organizations (NGOs) on multinational firms to act in socially-responsible manner. We analyze how NGO pressure interacts with industry structure, using a simple model of NGO-firm interaction embedded in an industry environment with endogenous markups and entry. We explain three key empirical patterns in developing-country industries under activist pressure: the degree of exit under more intense activist pressure, the differential response of industries to NGO activism, and the general rise of NGO activism following globalization.
|
Auteur(s) |
Gani Aldashev
1, 2
, Michela Limardi
3
, Thierry Verdier
4, 5, 6
1
THEMA -
Théorie économique, modélisation et applications
( 10592 )
- 33, boulevard du Port 95011 Cergy-Pontoise Cedex
- France
2
CRED -
Center of Research in the Economics of Development
( 15656 )
- Rempart de la Vierge 8 Namur 5000 Belgium
- Belgique
3
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
4
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
5
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
6
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2015-09
|
Volume |
116
|
Page/Identifiant |
28-42
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Financement |
|
Mots-clés |
en
NGOs, Globalization, Private regulation, Monopolistic competition
|
DOI | 10.1016/j.jdeveco.2015.03.006 |
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