Abstract
Are MNEs more socially responsible, and where is this more likely to occur? Are firms less responsible in emerging or transitional economies, and what impact does the dominant national corporate governance regime have? We explore the association between public listing and the existence of a CSR code within specific institutional settings and assess whether MNEs are any different to their local counterparts, based on an internationally comparative survey. We find that listed firms as well as firms from civil law countries are more likely to have CSR statements. MNEs are also more likely to have CSR statements, independent of their country of origin. While we find consistent evidence of a correlation between the existence of a CSR statement and investment in staff training, the correlation between the former and employee-friendly HRM is weaker.
Highlights
This is a study of the relationship between institutional contexts, dominant corporate governance regimes, and the relative propensity of firms to behave in a socially responsible manner, comparing firms that are multi-national enterprises (MNEs) with those that are not, and taking account of the effects of public listing
Are MNEs more socially responsible, and where is this more likely to occur? Are firms less responsible in emerging or transitional economies, and what impact does the dominant national corporate governance regime have? We explore the association between public listing and the existence of a Corporate social responsibility (CSR) code within specific institutional settings and assess whether MNEs are any different to their local counterparts, based on an internationally comparative survey
This paper explores whether listed firms and MNEs are more or less likely to espouse CSR, and whether, in turn, this is affected by institutional frameworks, and the associated dominant corporate governance regime
Summary
This is a study of the relationship between institutional contexts, dominant corporate governance regimes, and the relative propensity of firms to behave in a socially responsible manner, comparing firms that are multi-national enterprises (MNEs) with those that are not, and taking account of the effects of public listing. This paper explores whether listed firms and MNEs are more or less likely to espouse CSR, and whether, in turn, this is affected by institutional frameworks, and the associated dominant corporate governance regime. In. Section 3, we explore the rationales for CSR while considering issues of listing, whether a firm is an MNE or not, and context, and develop our hypotheses from theories in the existing literature.
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