The Value of Being Socially Responsible. A DEA Approach for Analyzing Efficiency and Recovering Shadow Prices of CSR Activities
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.235723
Download full text from publisher
References listed on IDEAS
- Koskinen, Yrjö & Albuquerque, Rui & Zhang, Chendi, 2013. "Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence," CEPR Discussion Papers 9533, C.E.P.R. Discussion Papers.
- R. Russell & William Schworm, 2009.
"Axiomatic foundations of efficiency measurement on data-generated technologies,"
Journal of Productivity Analysis, Springer, vol. 31(2), pages 77-86, April.
- R. Robert Russell & William Schworm, 2007. "Axiomatic Foundations of Efficiency Measurement on Data-Generated Technologies," Discussion Papers 2007-35, School of Economics, The University of New South Wales.
- Murty, Sushama & Russell, R. Robert, 2010.
"On modeling pollution-generating technologies,"
The Warwick Economics Research Paper Series (TWERPS)
931, University of Warwick, Department of Economics.
- Sushama Murty & R. Robert Russell & Steven B. Levkoff, 2011. "On modeling pollution-generating technologies," Discussion Papers 1101, University of Exeter, Department of Economics.
- Murty, Sushama & Russell, R. Robert, 2010. "On modeling pollution-generating technologies," Economic Research Papers 271176, University of Warwick - Department of Economics.
- Fare, Rolf & Grosskopf, Shawna & Noh, Dong-Woon & Weber, William, 2005. "Characteristics of a polluting technology: theory and practice," Journal of Econometrics, Elsevier, vol. 126(2), pages 469-492, June.
- Martin, Robert E., 1986. "Externality regulation and the monopoly firm," Journal of Public Economics, Elsevier, vol. 29(3), pages 347-362, April.
- Mark P. Sharfman & Chitru S. Fernando, 2008. "Environmental risk management and the cost of capital," Strategic Management Journal, Wiley Blackwell, vol. 29(6), pages 569-592, June.
- Pethig, Rudiger, 2006.
"Non-linear production, abatement, pollution and materials balance reconsidered,"
Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 185-204, March.
- Rüdiger Pethig, 2005. "Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered," CESifo Working Paper Series 1549, CESifo.
- Ioannis Oikonomou & Chris Brooks & Stephen Pavelin, 2012.
"The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis,"
Financial Management, Financial Management Association International, vol. 41(2), pages 483-515, June.
- Ioannis Oikonomou & Chris Brooks & Stephen Pavelin, 2010. "The Impact of Corporate Social Performance on Financial Risk and Utility: A Longitudinal Analysis," ICMA Centre Discussion Papers in Finance icma-dp2010-12, Henley Business School, University of Reading.
- Erik Lichtenberg & David Zilberman, 1986.
"The Econometrics of Damage Control: Why Specification Matters,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(2), pages 261-273.
- Lichtenberg, Erik & Zilberman, David, 1985. "The Econometrics of Damage Control: Why Specification Matters," CUDARE Working Papers 198273, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Mark Bagnoli & Susan G. Watts, 2003. "Selling to Socially Responsible Consumers: Competition and The Private Provision of Public Goods," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 12(3), pages 419-445, September.
- Blackorby, Charles & Donaldson, David, 1980. "A Theoretical Treatment of Indices of Absolute Inequality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 107-136, February.
- R. Robert Russell & William Schworm, 2009. "Axiomatic Foundations of Inefficiency Measurement on Space," Discussion Papers 2009-07, School of Economics, The University of New South Wales.
- David P. Baron, 2001. "Private Politics, Corporate Social Responsibility, and Integrated Strategy," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(1), pages 7-45, March.
- Fare, Rolf & Grosskopf, Shawna, 2004. "Modeling undesirable factors in efficiency evaluation: Comment," European Journal of Operational Research, Elsevier, vol. 157(1), pages 242-245, August.
- Murty, Sushama, 2010.
"On the theory of a firm : The case of by-production of emissions,"
The Warwick Economics Research Paper Series (TWERPS)
934, University of Warwick, Department of Economics.
- Murty, Sushama, 2010. "On the theory of a firm: The case of by-production of emissions," Economic Research Papers 271173, University of Warwick - Department of Economics.
- Lau, Lawrence J, 1972. "Profit Functions of Technologies with Multiple Inputs and Outputs," The Review of Economics and Statistics, MIT Press, vol. 54(3), pages 281-289, August.
- Galema, Rients & Plantinga, Auke & Scholtens, Bert, 2008. "The stocks at stake: Return and risk in socially responsible investment," Journal of Banking & Finance, Elsevier, vol. 32(12), pages 2646-2654, December.
- Catherine M. Paul & Donald Siegel, 2006. "Corporate social responsibility and economic performance," Journal of Productivity Analysis, Springer, vol. 26(3), pages 207-211, December.
- Fare, Rolf & Grosskopf, Shawna, 1983. "Measuring output efficiency," European Journal of Operational Research, Elsevier, vol. 13(2), pages 173-179, June.
- Robert Chambers & Rolf Färe, 2008. "A “calculus” for data envelopment analysis," Journal of Productivity Analysis, Springer, vol. 30(3), pages 169-175, December.
- Fare, Rolf, et al, 1989. "Multilateral Productivity Comparisons When Some Outputs Are Undesirable: A Nonparametric Approach," The Review of Economics and Statistics, MIT Press, vol. 71(1), pages 90-98, February.
- Atakelty Hailu & Terrence S. Veeman, 2001. "Non-parametric Productivity Analysis with Undesirable Outputs: An Application to the Canadian Pulp and Paper Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 605-616.
- Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
- Seiford, Lawrence M. & Zhu, Joe, 2002. "Modeling undesirable factors in efficiency evaluation," European Journal of Operational Research, Elsevier, vol. 142(1), pages 16-20, October.
- Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275, January.
- Stijn Reinhard & C.A. Knox Lovell & Geert Thijssen, 1999. "Econometric Estimation of Technical and Environmental Efficiency: An Application to Dutch Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 44-60.
- Yair Mundlak, 1963. "Specification and Estimation of Multiproduct Production Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(2), pages 433-443.
- Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
- Barbera, Anthony J. & McConnell, Virginia D., 1990. "The impact of environmental regulations on industry productivity: Direct and indirect effects," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 50-65, January.
- Fare, Rolf & Knox Lovell, C. A., 1978. "Measuring the technical efficiency of production," Journal of Economic Theory, Elsevier, vol. 19(1), pages 150-162, October.
- Diewert, W. E., 1973. "Functional forms for profit and transformation functions," Journal of Economic Theory, Elsevier, vol. 6(3), pages 284-316, June.
- Serra, Teresa & Poli, Elena, 2015. "Shadow prices of social capital in rural India, a nonparametric approach," European Journal of Operational Research, Elsevier, vol. 240(3), pages 892-903.
- Chambers, Robert G. & Chung, Yangho & Fare, Rolf, 1996. "Benefit and Distance Functions," Journal of Economic Theory, Elsevier, vol. 70(2), pages 407-419, August.
- Donald S. Siegel & Donald F. Vitaliano, 2007. "An Empirical Analysis of the Strategic Use of Corporate Social Responsibility," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(3), pages 773-792, September.
- Scheel, Holger, 2001. "Undesirable outputs in efficiency valuations," European Journal of Operational Research, Elsevier, vol. 132(2), pages 400-410, July.
- Murty, Sushama & Robert Russell, R. & Levkoff, Steven B., 2012. "On modeling pollution-generating technologies," Journal of Environmental Economics and Management, Elsevier, vol. 64(1), pages 117-135.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Engida, Tadesse Getacher & Rao, Xudong & Oude Lansink, Alfons G.J.M., 2020. "A dynamic by-production framework for analyzing inefficiency associated with corporate social responsibility," European Journal of Operational Research, Elsevier, vol. 287(3), pages 1170-1179.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jeanneaux, Philippe & Latruffe, Laure, 2016. "Modelling pollution-generating technologies in performance benchmarking: Recent developments, limits and future prospects in the nonparametric frameworkAuthor-Name: Dakpo, K. Hervé," European Journal of Operational Research, Elsevier, vol. 250(2), pages 347-359.
- Forsund, Finn R., 2009.
"Good Modelling of Bad Outputs: Pollution and Multiple-Output Production,"
International Review of Environmental and Resource Economics, now publishers, vol. 3(1), pages 1-38, August.
- Førsund, Finn R., 2008. "Good Modelling of Bad Outputs: Pollution and Multiple-Output Production," Memorandum 30/2008, Oslo University, Department of Economics.
- Puggioni, Daniela & Stefanou, Spiro E., 2019.
"The value of being socially responsible: A primal-dual approach,"
European Journal of Operational Research, Elsevier, vol. 276(3), pages 1090-1103.
- Stefanou Spiro E. & Puggioni Daniela, 2018. "The Value of Being Socially Responsible. A Primal-Dual Approach," Working Papers 2018-12, Banco de México.
- Abad, Arnaud & Briec, Walter, 2019.
"On the axiomatic of pollution-generating technologies: Non-parametric production analysis,"
European Journal of Operational Research, Elsevier, vol. 277(1), pages 377-390.
- Arnaud Abad & Walter Briec, 2019. "On the Axiomatic of Pollution-generating technologies : Non-parametric Production Analysis," Post-Print hal-03025380, HAL.
- Cherchye, Laurens & Rock, Bram De & Walheer, Barnabé, 2015.
"Multi-output efficiency with good and bad outputs,"
European Journal of Operational Research, Elsevier, vol. 240(3), pages 872-881.
- Laurens Cherchye & Bram De Rock & Barnabé Walheer, 2013. "Multi-Output Efficiency with Good and Bad Outputs," Working Papers ECARES ECARES 2013-35, ULB -- Universite Libre de Bruxelles.
- Niu, Yiran & Boussemart, Jean-Philippe & Shen, Zhiyang & Vardanyan, Michael, 2024.
"Performance evaluation using multi-stage production frameworks: Assessing the tradeoffs among the economic, environmental, and social well-being,"
European Journal of Operational Research, Elsevier, vol. 318(3), pages 1000-1013.
- Yiran Niu & Jean-Philippe Boussemart & Zhiyang Shen & Michael Vardanyan, 2024. "Performance evaluation using multi-stage production frameworks: assessing the tradeoffs among the economic, environmental, and social well-being," Working Papers 2024-EQM-04, IESEG School of Management.
- Harald Dyckhoff & Rainer Souren, 2023. "Are important phenomena of joint production still being neglected by economic theory? A review of recent literature," Journal of Business Economics, Springer, vol. 93(6), pages 1015-1053, August.
- Imane Bounadi & Khalil Allali & Aziz Fadlaoui & Mohammed Dehhaoui, 2023. "Water Pollution Abatement in Olive Oil Industry in Morocco: Cost Estimates and Policy Implications," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
- Leleu, Hervé, 2013.
"Shadow pricing of undesirable outputs in nonparametric analysis,"
European Journal of Operational Research, Elsevier, vol. 231(2), pages 474-480.
- H. Leleu, 2013. "Shadow pricing of undesirable outputs in nonparametric analysis," Post-Print hal-00848044, HAL.
- Dakpo, Hervé K & Jeanneaux, Philippe & Latruffe, Laure, 2014.
"Inclusion of undesirable outputs in production technology modeling: The case of greenhouse gas emissions in French meat sheep farming,"
Working Papers
207806, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- K Hervé Dakpo & Philippe Jeanneaux & Laure Latruffe, 2014. "Inclusion of undesirable outputs in production technology modeling:The case of greenhouse gas emissions in French meat sheep farming," Working Papers SMART 14-08, INRAE UMR SMART.
- Murty, Sushama & Robert Russell, R. & Levkoff, Steven B., 2012. "On modeling pollution-generating technologies," Journal of Environmental Economics and Management, Elsevier, vol. 64(1), pages 117-135.
- Ke Wang & Yi-Ming Wei & Zhimin Huang, 2017. "Environmental efficiency and abatement efficiency measurements of China¡¯s thermal power industry: A data envelopment analysis based materials balance approach," CEEP-BIT Working Papers 108, Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology.
- Benjamin Hampf, 2014. "Separating environmental efficiency into production and abatement efficiency: a nonparametric model with application to US power plants," Journal of Productivity Analysis, Springer, vol. 41(3), pages 457-473, June.
- Atkinson, Scott E. & Tsionas, Mike G., 2021. "Generalized estimation of productivity with multiple bad outputs: The importance of materials balance constraints," European Journal of Operational Research, Elsevier, vol. 292(3), pages 1165-1186.
- Gómez-Calvet, Roberto & Conesa, David & Gómez-Calvet, Ana Rosa & Tortosa-Ausina, Emili, 2014.
"Energy efficiency in the European Union: What can be learned from the joint application of directional distance functions and slacks-based measures?,"
Applied Energy, Elsevier, vol. 132(C), pages 137-154.
- Roberto Gómez-Calvet & David Conesa & Ana Rosa Gómez-Calvet & Emili Tortosa-Ausina, 2013. "Energy efficiency in the European Union: What can be learned from the joint application of directional distance functions and slacks-based measures?," Working Papers 2013/17, Economics Department, Universitat Jaume I, Castellón (Spain).
- Trinks, Arjan & Mulder, Machiel & Scholtens, Bert, 2020. "An Efficiency Perspective on Carbon Emissions and Financial Performance," Ecological Economics, Elsevier, vol. 175(C).
- Pham, Manh D. & Zelenyuk, Valentin, 2019. "Weak disposability in nonparametric production analysis: A new taxonomy of reference technology sets," European Journal of Operational Research, Elsevier, vol. 274(1), pages 186-198.
- Serra, Teresa & Chambers, Robert G. & Oude Lansink, Alfons, 2014. "Measuring technical and environmental efficiency in a state-contingent technology," European Journal of Operational Research, Elsevier, vol. 236(2), pages 706-717.
- Dakpo, K Hervé, 2016. "On modeling pollution-generating technologies: a new formulation of the by-production approach," Working Papers 245191, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
- Wang, Ke & Wei, Yi-Ming & Huang, Zhimin, 2018. "Environmental efficiency and abatement efficiency measurements of China's thermal power industry: A data envelopment analysis based materials balance approach," European Journal of Operational Research, Elsevier, vol. 269(1), pages 35-50.
More about this item
Keywords
Production Economics; Productivity Analysis;NEP fields
This paper has been announced in the following NEP Reports:- NEP-EFF-2016-06-09 (Efficiency and Productivity)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea16:235723. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.