A company's good deeds can make consumers think its products are safer

Wednesday, February 26, 2020 - 10:20 in Mathematics & Economics

Companies like to highlight when they do good things for society, such as making charitable donations, becoming more environmentally friendly or improving the diversity of their workforce. Broadly, these behaviors come under the umbrella of corporate social responsibility. Companies do them to increase customer loyalty and, ultimately, earn more revenue.

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