Journal of Industrial and Management Optimization (JIMO)

Is social responsibility for firms competing on quantity evolutionary stable?
Page number are going to be assigned later 2017

doi:10.3934/jimo.2017049      Abstract        References        Full text (3156.4K)      

Caichun Chai - School of Management Science and Engineering, Nanjing University, Nanjing 210093, China (email)
Tiaojun Xiao - School of Management Science and Engineering, Nanjing University, Hankou Road 22, Nanjing, Jiangsu 210093, China (email)
Eilin Francis - Economics Department, University of California, Santa Cruz, CA 95064, United States (email)

1 F. Allen, Corporate governance in emerging economics, Oxford Review of Economic Policy, 21 (2005), 164-177.
2 F. Allen, E. Carletti and R. Marquez, Stakeholder Governance, Competition and Firm Value, CESifo Working paper No. 4652, 2014.
3 M. Aoki and G. Jackson, Understanding an emergent diversity of corporate governance and organizational architecture: An essentiality-based analysis, Industrial and Corporate Change, 17 (2008), 1-27.
4 A. Arya, B. Mittendorf and D. E. M. Sappington, Outsourcing, vertical integration, and price vs. quantity competition, International Journal of Industrial Organization, 26 (2008), 1-16.
5 M. L. Barnett, Stakeholder influence capacity and the variability of financial returns to corporate social responsibility, Academy of Management Review, 32 (2007), 794-816.
6 M. Becht, P. Bolton and A. Röell, Corporate governance and control, Handbook of the Economics of Finance, 1 (2003), 1-109.
7 S. K. Berninghaus, C. Korth and S. Napel, Reciprocity-an indirect evolutionary analysis, Journal of Evolutionary Economics, 17 (2007), 579-603.
8 H. Bester and W. Güth, Is altruism evolutionarily stable?, Journal of Economic Behavior & Organization, 34 (1998), 193-209.
9 F. Bolle, Is altruism evolutionarily stable? And envy and malevolence? Remarks on Bester and Gddotuth, Journal of Economic Behavior & Organization, 42 (2000), 131-133.
10 A. B. Carroll and K. M. Shabana, The business case for corporate social responsibility: A review of concepts, research and practice, International Journal of Management Reviews, 12 (2010), 85-105.
11 C. R. Carter and M. M. Jennings, Social responsibility and supply chain relationships, Transportation Research Part E: Logistics and Transportation Review, 38 (2002), 37-52.
12 C. Chai, T. Xiao and T. Xu, Evolutionary dynamics of manufacturers' production strategies based on Moran process, Systems Engineering- Theory & Practice, 35 (2015), 2262-2270.
13 G. Charness and E. Haruvy, Altruism, equity, and reciprocity in a gift-exchange experiment: An encompassing approach, Games and Economic Behavior, 40 (2002), 203-231.
14 K. Chen, X. Wang and M. Huang, Salesforce contract design, joint pricing and production planning with asymmetric overconfidence sales agent, Journal of Industrial and Management Optimization, 13 (2017), 873-899.       
15 R. Cressman, The Stability Concept of Evolutionary Game Theory, Springer-Verlag, Berlin, Heidelberg, 1992.       
16 J. M. Cruz and T. Wakolbinger, Multi period effects of corporate social responsibility on supply chain networks, transaction costs, emissions, and risk, International Journal of Production Economics, 116 (2008), 61-74.
17 J. M. Cruz, The impact of corporate social responsibility in supply chain management: Multicriteria decision-making approach, Decision Support Systems, 48 (2009), 224-236.
18 E. Dekel, J. C. Ely and O. Yilankaya, Evolution of preferences, The Review of Economic Studies, 74 (2007), 685-704.       
19 D. Denis and J. McConnell, International corporate governance, Journal of Financial and Quantitative Analysis, 38 (2003), 1-36.
20 U. Dieckmann, Can adaptive dynamics invade?, Trends in Ecology & Evolution, 12 (1997), 128-131.
21 U. Dieckmann and R. Law, The dynamical theory of coevolution: A derivation from stochastic ecological processes, Journal of Mathematical Biology, 34 (1996), 579-612.       
22 R. Fisman, S. Kariv and D. Markovits, Individual preferences for giving, The American Economic Review, 97 (2007), 1858-1876.
23 D. Friedman, Evolutionary games in economics, Econometrica, 59 (1991), 637-666.       
24 D. Friedman and D. N. Ostrov, Conspicuous consumption dynamics, Games and Economic Behavior, 64 (2008), 121-145.       
25 D. Friedman and B. Sinervo, Evolutionary Games in Natural, Social and Virtual Worlds, Oxford University Press, New York, 2016.       
26 D. Friedman and N. Singh, Equilibrium vengeance, Games and Economic Behavior, 66 (2009), 813-829.       
27 M. Friedman, The social responsibility of business is to increase its profits, Corporate Ethics and Corporate Governance, (2007), 173-178.
28 G. E. Goering, The strategic use of managerial incentives in a non-profit firm mixed duopoly, Managerial and Decision Economics, 28 (2007), 83-91.
29 G. E. Goering, Socially concerned firms and the provision of durable goods, Economic Modelling, 25 (2008), 575-583.
30 G. E. Goering, Corporate social responsibility and marketing channel coordination, Research in Economics, 66 (2012), 142-148.
31 J. J. Griffin and J. F. Mahon, The corporate social performance and corporate financial performance debate, Business & Society, 36 (1997), 5-31.
32 W. Güth, On ultimatum bargaining experiments-A personal review, Journal of Economic Behavior & Organization, 27 (1995), 329-344.
33 W. Güth and B. Peleg, When will payoff maximization survive? An indirect evolutionary analysis, Journal of Evolutionary Economics, 11 (2001), 479-499.
34 W. Güth and M. Yaari, An evolutionary approach to explain reciprocal behavior in a simple strategic game, in Explaining Process and Change-Approaches to Evolutionary Economics (eds. U. Witt), The University of Michigan Press, Ann Arbor, MI, (1992), 23-34.
35 I. Hansson and C. Stuart, Socialization and altruism, Journal of Evolutionary Economics, 2 (1992), 301-312.
36 J. Henrich, J. Ensminger, R. McElreath, A. Barr, C. Barrett, A. Bolyanatz ... and J. Ziker, Markets, religion, community size, and the evolution of fairness and punishment, Science, 327 (2010), 1480-1484.
37 S. Huck and J. Oechssler, The indirect evolutionary approach to explaining fair allocations, Games and Economic Behavior, 28 (1999), 13-24.       
38 K. T. Jackson, Building Reputational Capital: Strategies for Integrity and Fair Play that Improve the Bottom Line, Oxford, Oxford University Press, 2004.
39 M. C. Jensen, Value maximization, stakeholder theory, and the corporate objective function, Business Ethics Quarterly, 12 (2002), 235-256.
40 M. Jensen and W. Meckling, Theory of the firm: Managerial behavior agency costs and ownership structure, Journal of Financial Economics, 3 (1976), 305-360.
41 J. J. Kline, Heterogeneous or homogeneous quantity competition, Economics Letters, 66 (2000), 353-359.
42 KPMG, International Survey of Corporate Social Responsibility Reporting, 2008.
43 M. Kopel and B. Brand, Socially responsible firms and endogenous choice of strategic incentives, Economic Modelling, 29 (2012), 982-989.
44 J. Krafft, Y. Qu, F. Quatraro and J. L. Ravix, Corporate governance, value and performance of firms: New empirical results on convergence from a large international database, Industrial and Corporate Change, 23 (2014), 361-397.
45 E. Kurucz, B. Colbert and D. Wheeler, The business case for corporate social responsibility, in The Oxford Handbook of Corporate Social Responsibility (eds. A. Crane, A. McWilliams, D. Matten, J. Moon and D. Siegel), Oxford, Oxford University Press, (2008), 83-112.
46 L. Lambertini and A. Tampieri, Corporate Social Responsibility in a Mixed Oligopoly, Working Paper No. 723, University of Bologna, 2010.
47 Y. Li, M. Shan and M. Z. F. Li, Advance selling decisions with overconfident consumers, Journal of Industrial and Management Optimization, 12 (2016), 891-905.       
48 D. Lien, Competition between non-profit and for-profit firms, International Journal of Business and Economics, 1 (2002), 193-207.
49 R. LaPorta, F. Lopez-de-Silanes, A. Shleifer and R. Vishny, Investor protection and corporate valuation, The Journal of Finance, 57 (2002), 1147-1170.
50 C. Laszlo, The Sustainable Company: How to Create Lasting Value through Social and Environmental Performance, Washington: Island Press, 2003.
51 M. D. P. Lee, A review of the theories of corporate social responsibility: Its evolutionary path and the road ahead, International Journal of Management Reviews, 10 (2008), 53-73.
52 M. Magill, M. Quinzii and J. C. Rochet, A theory of the stakeholder corporation, Econometrica, 83 (2015), 1685-1725.       
53 J. F. Mahon and J. J. Griffin, Painting a portrait: A reply, Business and Society, 38 (1999), 126-133.
54 J. D. Margolis and J. P. Walsh, Misery loves companies: Social initiatives by business, Administrative Science Quarterly, 48 (2003), 268-305.
55 T. W. McGuire and R. Staelin, An industry equilibrium analysis of downstream vertical integration, Marketing Science, 2 (1983), 161-191.
56 A. McWilliams, D. S. Siegel and P. M. Wright, Corporate social responsibility: Strategic implications, Journal of Management Studies, 43 (2000), 1-18.
57 A. McWilliams and D. S. Siegel, Corporate social responsibility: A theory of the firm perspective, Academy of Management Review, 26 (2001), 117-127.
58 R. Nelson and S. G. Winter, An Evolutionary Theory of Economic Change, Bellknap Press, Cambridge, 1982.
59 D. Ni, L. W. Kevin and X. Tang, Social responsibility allocation in two-echelon supply chains: Insights from wholesale price contracts, European Journal of Operational Research, 207 (2012), 1269-1279.       
60 M. Omran, P. Atrill and J. Pointon, Stakeholders: Corporate mission statements and investor returns, Business Ethics: A European Review, 11 (2002), 318-328.
61 M. Orlitzy, F. L. Schmidt and S. L. Rynes, Corporate social and financial performance: A meta-analysis, Organization Studies, 24 (2003), 403-441.
62 K. O'Sullivan, Virtue rewarded: Companies are suddenly discovering the profit potential of social responsibility, CFO, (2006), 47-52.
63 K. M. Page and M. A. Nowak, A generalized adaptive dynamics framework can describe the evolutionary ultimatum game, Journal of Theoretical Biology, 209 (2001), 173-179.
64 S. Panda, Coordination of a socially responsible supply chain using revenue sharing contract, Transportation Research Part E., 67 (2014), 92-104.
65 V. Padmanabhan and I. P. L. Png, Reply to "Do returns policies intensify retail competition?", Marketing Science, 23 (2004), 614-618.
66 S. Pivato, N. Misani and A. Tencati, The impact of corporate social responsibility on consumer trust: The case of organic food, Business Ethics: A European Review, 17 (2008), 3-12.
67 A. Possajennikov, On the evolutionary stability of altruistic and spiteful preferences, Journal of Economic Behavior & Organization, 42 (2000), 125-129.
68 P. Rhode and M. Stegeman, Non-Nash equilibria of Darwinian dynamics with applications to duopoly, International Journal of Industrial Organization, 19 (2001), 415-453.
69 O. Rieckers and G. Spindler, Corporate governance: Legal aspects, in The German Financial System (eds. J. Krahnen and R. Schmidt), Oxford, Oxford University Press, (2004), 350-385.
70 R. M. Roman, S. Hayibor and B. R. Agle, The relationship between social and financial performance repainting a portrait, Business & Society, 38 (1999), 109-125.
71 M. Salehi and Z. Azary, Stakeholders' perceptions of corporate social responsibility, International Business Research, 2 (2009), 63-72.
72 M. Schaffer, Evolutionary stable strategies for a finite population and a variable contest size, Journal of Theoretical Biology, 132 (1998), 469-478.       
73 R. Schmidt, Corporate governance in Germany: An economic perspective, in The German Financial System (eds. J. Krahnen and R. Schmidt), Oxford, Oxford University Press, (2004), 386-424.
74 R. Sethi and E. Somanathan, Preference evolution and reciprocity, Journal of Economic Theory, 97 (2001), 273-297.       
75 Y. Shirata, The evolution of fairness under an assortative matching rule in the ultimatum game, International Journal of Game Theory, 41 (2012), 1-21.       
76 A. Shleifer and R. Vishny, A survey of corporate governance, Journal of Finance, 52 (1997), 737-783.
77 J. Tirole, Corporate governance, Econometrica, 69 (2001), 1-35.
78 A. Traulsen and C. Hauert, Stochastic evolutionary game dynamics, Reviews of Nonlinear Dynamics and Complexity, 2 (2009), 25-61.       
79 D. J. Vogel, Is there a market for virtue? The business case for corporate social responsibility, California Management Review, 47 (2005), 19-45.
80 S. A. Waddock and S. B. Graves, The corporate social performance-financial performance link, Strategic Management Journal, 18 (1997), 303-319.
81 T. Xiao and G. Chen, Wholesale pricing and evolutionarily stable strategies of Retailers with imperfectly observable objective, European Journal of Operational Research, 196 (2009), 1190-1201.       
82 T. Xiao and G. Yu, Supply chain disruption management and evolutionarily stable strategies of retailers in the quantity-setting duopoly situation with homogeneous goods, European Journal of Operational Research, 173 (2006), 648-668.       
83 Y. Yi and H. Yang, Wholesale pricing and evolutionary stable strategies of retailers under network externality, European Journal of Operational Research, 259 (2017), 37-47.       
84 M. Yoshimori, Whose company is it? The concept of the corporation in Japan and the west, Long Range Planning, 28 (1995), 33-44.

Go to top