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- W2071937013 abstract "Shareholders are increasingly active in intervening with regard to the negative externalities of firm production. We study firm behavior when shareholders care about public goods as well as profits and managerial contracts reflect these concerns. We find that, under mild conditions, this causes the firm to produce the socially optimal output, despite the mismatch between shareholder preferences and those of society at large. Managers also redirect more profits toward public goods than shareholders would when acting separately." @default.
- W2071937013 created "2016-06-24" @default.
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- W2071937013 date "2012-01-01" @default.
- W2071937013 modified "2023-10-04" @default.
- W2071937013 title "Corporate Provision of Public Goods" @default.
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- W2071937013 doi "https://doi.org/10.2139/ssrn.2077969" @default.
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