Laidlaw Week 6

Explanation of my ESG research

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Focus of project:

  • Firm commitment to ESG goals.
  • Is media coverage an effective accountability mechanism for firms to meet employment targets of government subsidy contracts?
  • When governments give firms subsidies, they usually give conditions eg. create this amount of jobs. Does media coverage on these subsidies actually hold firms accountable?

I became interested because:

  • I took IB HL economics in HS and I learned about corporate social responsibility (CSR) as a theory. Firms will seek to meet ESG goals as it improves brand images and can help increase their market share. This research can effectively either support or weaken the theory of CSR.
  • We also discussed this in Professor Gulati’s Principles of Econ class.

Why people should care:

  • This research can be a breakthrough in theory of the firm research in the field of economics and can help us further evaluate the traditional profit-maximization approach—do firms only seek to profit maximize when MC = MR or are there other factors that they consider?
  • Also relevant in behavioral economics: do firms follow the traditional self-interest model?

Joachim Jose Mendoza Rillo

Student, Columbia University

Aspiring economist and researcher at Columbia with experience spearheading internationally recognized non-profits through collaborations with National Geographic, UNESCO, the Asian Development Bank, UNICEF USA, and the Philippines Department of Education.

Comments

Go to the profile of Ariella Lang
10 days ago

Can't wait to learn about your results, Joachim!