Watchdogs of the Invisible Hand: NGO monitoring and industry equilibrium

Gani Aldashev, Michela Limardi, Thierry Verdier

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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.

langue originaleAnglais
Pages (de - à)28-42
Nombre de pages15
journalJournal of Development Economics
Les DOIs
Etat de la publicationPublié - 1 sept. 2015

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