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| Sumi Cho and Sang-Ho Lee |
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| ''Strategic merger decisions under environmental corporate social responsibility'' |
| ( 2025, Vol. 0 No.0 ) |
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| This study investigates merger decisions in a green managerial delegation contract with differentiated products and convex production cost, wherein competing multi-product firms can commit to environmental corporate social responsibility (ECSR). We find that ECSR can induce a profitable merger, which may also improve welfare if the production cost efficiency parameter is low and product substitutability is high. |
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| Keywords: Environmental corporate social responsibility; Merger decisions; Multi-product firm |
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
Q5 - Environmental Economics: General |
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| Manuscript Received : Mar 31 2025 | | Manuscript Accepted : Oct 16 2025 |
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