Watchdogs of the Invisible Hand: NGO monitoring and industry equilibrium

• 成果类型: Review
• 署名作者: Aldashev, Gani; Limardi, Michela; Verdier, Thierry
• 署名单位: CY Cergy Paris Universite; University of Namur; Universite de Lille; Institut Polytechnique de Paris; Ecole des Ponts ParisTech; Centre for Economic Policy Research - UK
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2015.03.006
• 发表日期: 2015
• 页码: 28-42
• 关键词: NGOs; GLOBALIZATION; Private regulation; monopolistic competition

摘要

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. (C) 2015 Published by Elsevier B.V.