ABSTRACT
This chapter explains two themes closely connected with the globalization of the economic system, although at the moment very few formalized connections exist in the literature on managerial firms between international trade and the environmental effects of production and consumption. The extant debate on corporate social responsibility (CSR) and its consequences on the financial performance of firms are lively and far from converging to unanimous view, from both a theoretical and an empirical standpoint. The optimal contract offered to a CSR manager is analogous to any optimal delegation contract based on output/revenue expansion or comparative performance. The related anecdotal evidence is quite large and steadily increasing with the systematic publication of CSR balance sheets by companies operating in completely different sectors. The interplay between managerialization and research and development efforts for cleaner technologies has been investigated by J. C. Barcena-Ruiz and M. Begora Garzon relying on well established Cournot oligopoly models with emission taxation triggering investments in emission abatement.
