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The relationship between public listing, context, multi-nationality and CSR

Goergen, M., Chahine, S., Wood, G. and Brewster, C. ORCID: (2019) The relationship between public listing, context, multi-nationality and CSR. Journal of Corporate Finance, 57. pp. 122-141. ISSN 0929-1199

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To link to this item DOI: 10.1016/j.jcorpfin.2017.11.008


Are MNEs more socially responsible, and where is this more likely the case? 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. 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. MNEs tend to conform to dominant pressures in their country of domicile, reflecting local realities rather than central managerial organizational choices.

Item Type:Article
Divisions:Henley Business School > International Business and Strategy
ID Code:74026


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