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

Chris Brewster, Salim Chahine, Marc Goergen, Geoffrey Wood

Series number :

Serial Number:

544/2017

Date posted :

December 10 2017

Last revised :

January 09 2018

SSRN Suggested citation Download this paper Open PDF

Keywords

Corporate governance •
legal institutions •
corporate social responsibility (CSR) •
MNEs •
country of domicile pressures

Are MNEs more socially responsible, and where is this more likely to occur? Are rms 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 speci c institutional settings and assess whether MNEs are any di erent to their local counterparts, based on an internationally comparative survey. We nd that listed rms as well as rms 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 nd consistent evidence of a correlation between the existence of a CSR statement and investment in sta training, the correlation between the former and employee-friendly HRM is weaker.

View full abstract