P, Baron David; Maretno, Agus Harjoto; Hoje, Jo - In: Business and Politics 13 (2011) 2, pp. 1-48
Firms operate in a capital market, a product market, and a market for social pressure directed at them by social activists, NGOs, and governments. An equilibrium in these three markets yields a three-equation structural model that relates corporate financial performance (CFP), corporate social...