On the Economic Dimensions of Corporate Social Responsibility: Exploring Fortune Global 250 Reports

Business and Society, Vol. 46, No. 4, pp. 457-478, 2007

26 Pages Posted: 15 Dec 2006 Last revised: 17 Sep 2008

See all articles by Fabienne Fortanier

Fabienne Fortanier

University of Amsterdam Business School

Ans Kolk

University of Amsterdam Business School

Abstract

The macro-level debate on the economic impact of multinational enterprises (MNEs) is still unsettled. This paper explores micro-level evidence by examining what Fortune Global 250 firms themselves report about their economic impact. Such reporting embodies corporate attempts to account for their economic implications, in addition to the environmental and social aspects of their activities that have traditionally received more attention in the context of corporate responsibility. Firms' reports turn out to provide a rich illustration of the mechanisms through which MNEs (can) affect economic development (including sheer size, technology transfer, and backward linkages), and of how such impacts are being operationalised and measured. We also test which MNEs are most likely to disclose information on the various mechanisms, and find that it is influenced by region, sector and size, but not by profitability. Implications of this exploratory study for research and practice are discussed.

Keywords: corporate social responsibility, economic impact, foreign direct investment, multinationals, reporting

JEL Classification: D21, F23, H7, L1, L2, M1, M14, O1, O19, O2

Suggested Citation

Fortanier, Fabienne and Kolk, Ans, On the Economic Dimensions of Corporate Social Responsibility: Exploring Fortune Global 250 Reports. Business and Society, Vol. 46, No. 4, pp. 457-478, 2007, Available at SSRN: https://ssrn.com/abstract=951787

Fabienne Fortanier

University of Amsterdam Business School ( email )

Roetersstraat 11
1018 WB Amsterdam, 1018WB
Netherlands
+31 20 525 6140 (Phone)
+31 20 525 5281 (Fax)

Ans Kolk (Contact Author)

University of Amsterdam Business School ( email )

Plantage Muidergracht 12
Amsterdam, 1018 TV
Netherlands
+31 20 525 4289 (Phone)
+31 20 525 5281 (Fax)

HOME PAGE: http://www.anskolk.eu

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
632
Abstract Views
3,619
rank
50,501
PlumX Metrics