Abstract

http://ssrn.com/abstract=1661925
 
 

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What Drives Corporate Social Performance? The Role of Nation-level Institutions


Ioannis Ioannou


London Business School

George Serafeim


Harvard University - Harvard Business School

2012

Journal of International Business Studies Vol. 43, No. 9: 834-864.

Abstract:     
Based on Whitley’s “National Business Systems” (NBS) institutional framework (Whitley 1997; 1999), we theorize about and empirically investigate the impact of nation-level institutions on firms’ corporate social performance (CSP). Using a sample of firms from 42 countries spanning seven years, we construct an annual composite CSP index for each firm based on social and environmental metrics. We find that the political system, followed by the labor and education system, and the cultural system are the most important NBS categories of institutions that impact CSP. Interestingly, the financial system appears to have a relatively less significant impact. We discuss implications for research, practice and policy-making.

Number of Pages in PDF File: 57

Keywords: Corporate Social Performance, Corporate Social Responsibility, Environmental, Corporate Governance, International Institutions

JEL Classification: M00, M1, M14, M41, D82, D83, D84

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Date posted: August 20, 2010 ; Last revised: July 19, 2013

Suggested Citation

Ioannou, Ioannis and Serafeim, George, What Drives Corporate Social Performance? The Role of Nation-level Institutions (2012). Journal of International Business Studies Vol. 43, No. 9: 834-864.. Available at SSRN: http://ssrn.com/abstract=1661925

Contact Information

Ioannis Ioannou
London Business School ( email )
Sussex Place
Regent's Park
London, NW1 4SA
United Kingdom
02070008748 (Phone)
HOME PAGE: http://www.london.edu
George Serafeim (Contact Author)
Harvard University - Harvard Business School ( email )
381 Morgan Hall
Boston, MA 02163
United States
HOME PAGE: http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=ovr&facId=15705
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