Socially responsible lobbying
研究了企业通过传统游说(如政治献金)和负责任游说(如可持续发展项目)提升竞争力的博弈,发现企业社会责任投资需求增加会促使游说方式转变,降低游说竞争强度并提升社会福利。
Our paper analyzes lobbying contests in which firms can enhance their competitiveness in the eyes of a decision-maker and stakeholders through both traditional lobbying (e.g., political contributions and information campaigns) and responsible lobbying (e.g., sustainability programs and consumer advocacy). We establish that increasing demand for various Corporate Social Responsibility (CSR) investments can incentivize firms to shift from traditional to responsible lobbying. Harnessing CSR for lobbying purposes obfuscates firm comparisons for the decision-maker and stakeholders, thereby reducing the intensity of lobbying competition and lowering equilibrium lobbying expenditures. This reallocation is generally welfare-improving and could occur even when traditional lobbying is somewhat more cost-efficient than responsible lobbying. Our results suggest that a transition to responsible lobbying—a “pro-consumer lobbying agenda”—can represent a move toward a more efficient lobbying standard.