The Relationship between Public Listing, Context, Multi-Nationality and Internal CSR

55 Pages Posted: 29 Nov 2017 Last revised: 7 Jan 2018

See all articles by Chris Brewster

Chris Brewster

Henley Management College - Human Resource Management

Salim Chahine

American University of Beirut - Olayan School of Business

Marc Goergen

IE Business School, IE University; European Corporate Governance Institute (ECGI)

Geoffrey Wood

University of Essex - Essex Business School

Date Written: January 2018

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.

Keywords: corporate governance, legal institutions, corporate social responsibility (CSR), MNEs, country of domicile pressures

JEL Classification: G1, G3

Suggested Citation

Brewster, Chris and Chahine, Salim and Goergen, Marc and Wood, Geoffrey, The Relationship between Public Listing, Context, Multi-Nationality and Internal CSR (January 2018). European Corporate Governance Institute (ECGI) - Finance Working Paper No. 544/2017. Available at SSRN: https://ssrn.com/abstract=3078601 or http://dx.doi.org/10.2139/ssrn.3078601

Chris Brewster

Henley Management College - Human Resource Management ( email )

Greenlands
Henley-on-Thames
Oxfordshire RG9 3AU, England
United Kingdom

Salim Chahine

American University of Beirut - Olayan School of Business ( email )

Bliss Street
Beirut 1107 2020
Lebanon
961-1-374-374 (Phone)

Marc Goergen (Contact Author)

IE Business School, IE University ( email )

Finance Department
Maria de Molina, 12
Madrid, 28006
Spain

HOME PAGE: http://www.ie.edu/business-school/faculty-and-research/faculty/marc-goergen/

European Corporate Governance Institute (ECGI) ( email )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

Geoffrey Wood

University of Essex - Essex Business School

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

Register to save articles to
your library

Register

Paper statistics

Downloads
38
Abstract Views
301
PlumX Metrics