At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because … often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators … the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly …

At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because … often inconsistent with profit maximization or imply implausibly large profits. The puzzle arises because popular estimators … the restrictions imposed by profit maximization (cost minimization) so that estimators are inconsistent or poorly …

they have initial costs due to the certification, they achieve higher sales volumes and profits, thanks to the reputation … effect, a reduction in long-run costs and increased social responsible demand. -- Corporate Social Responsibility ; Growth …

performance is affected more by certification costs or by increasing sales due to an effect on reputation. Our work would like to … are more virtuous, have better long run performance. They have some initial costs but obtain higher sales and profits due … to several causes reputation effect, a reduction of long run costs and increased social responsible demand. -- Corporate …