International Cultural Diversification and Corporate Social Performance in Multinational Enterprises: The Role of Slack Financial Resources

Aguilera‐Caracuel, Javier; Guerrero‐Villegas, Jaime; Salazar, María Dolores Vidal; Delgado‐Márquez, Blanca L.

doi:10.1007/s11575-014-0225-4

Cited by 69 publications

(48 citation statements)

References 110 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

Section: Methodsmentioning

confidence: 99%

“…Finally, we also considered potential differences between multinational corporation subsidiaries and local Latin American firms, as an incipient literature strain has suggested that CSP outcomes might comparatively vary (Aguilera-Caracuel et al 2015;Reimann et al 2015). We addressed this issue through a dummy variable (SUB) (equal to one if it was part of an MNC subsidiary and zero otherwise).…”

Section: Model and Measuresmentioning

confidence: 99%

See 1 more Smart Citation

Does it really pay to be good, everywhere? A first step to understand the corporate social and financial performance link in Latin American controversial industries

Rodrigo

Duran

Arenas

2016

Business Ethics: A European Review

View full text Add to dashboard Cite

Most research studying the corporate social performance (CSP)-corporate financial performance (CFP) link has utilized developed country samples. Also, this literature has generally focused on a wide variety of industries, ignoring the fact that certain sectors -such as controversial industries -have graver social and environmental issues. Hence, a gap exists in this tradition when it comes to emerging markets and controversial industries. This paper attempts to fill this void by providing preliminary evidence and insight on the matter. Based on an exploration in six Latin American countries and five controversial industries, we find a negative bidirectional association (or a non-significant one at best) between CSP and CFP. These results tend to contradict the mainstream conclusion of a positive bidirectional link, suggesting that institutional and market-level forces play a major role in shaping this relationship.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Model and Measuresmentioning

confidence: 99%

Does it really pay to be good, everywhere? A first step to understand the corporate social and financial performance link in Latin American controversial industries

Rodrigo

Duran

Arenas

2016

Business Ethics: A European Review

View full text Add to dashboard Cite

show abstract

“…Corporate social responsibility (CSR) has been the focus of considerable attention from scholars and managers in recent years (Aguilera‐Caracuel, Guerrero‐Villegas, Vidal‐Salazar, & Delgado‐ Márquez BL., ; Lopatta, Jaeschke, & Chen, ). CSR has been defined as responsible business practices that support the three principles of sustainable development: economic growth and prosperity, social cohesion and equity, and environmental integrity and protection (European Commission, ).…”

Section: Introductionmentioning

confidence: 99%

The role of sustainable development and innovation on firm performance

Guerrero‐Villegas

García

Palacios‐Florencio

2018

Corp Soc Responsibility Env

Self Cite

106

View full text Add to dashboard Cite

In the new economic scenario, characterized by a rapidly changing environment, companies are pushed into seeking new responses in order to survive and succeed. Companies are looking for new activities to improve their economic performance. Furthermore, these activities have been focused on innovation and/or socially responsible aspects. This paper analyzes the relationship between corporate social responsibility (CSR), innovation and its effect on performance. Especially, it shows if innovation has a fundamental role in the development of socially responsible practices or if social issues are responsible for practices that lead to greater innovation and, consequently, to greater performance. Data were collected from a sample of 121 Spanish wineries. The results show that CSR and innovation act as a mediator depending on the measurement of performance used. CSR, specifically, acts as a mediator between innovation and objective performance. However, managers perceive that the relationship between CSR and performance improves through innovation activities.

show abstract

“…For example, it has failed to represent long-term performance and the survival of the business (Harrison & Wicks, 2013;Kaplan & Norton, 1996), and it only emphasizes the maximising of shareholder's wealth (Barney, 2011). Another alternative measurement for company performance is Corporate Social Performance (CSP) (Aguilera-Caracuel et al, 2015;Kacperczyk, 2009;Neubaum & Zahra, 2006). CSP is closely related to the concept of Corporate Social Responsibility (CSR).…”

Section: Introductionmentioning

confidence: 99%

“…CSP is closely related to the concept of Corporate Social Responsibility (CSR). According to (Aguilera-Caracuel et al, 2015), CSP might measure the implementation and success level in implementing CSR. Hence, CSP becomes a vital component of overall performance measurement (Brammer et al, 2006).…”

Section: Introductionmentioning

confidence: 99%

Corporate Diversification and Corporate Social Performance in Indonesia

2019

View full text Add to dashboard Cite

The relationship between corporate diversification and corporate social performance (CSP) is under-investigated, especially in emerging countries. This study examines the relationship between corporate diversification and CSP in Indonesia setting. Occurrence disclosure analysis has been applied to measure CSP based on 80 indicators of the Global Report Initiative (GRI). This study used multiple regressions with one-year lag dependent variables as the data analysis. The results show that the related diversification is negatively and significantly related to CSP, while, the unrelated diversification reveals a positive relationship with CSP. Besides that, unrelated diversification more correlated to CSP rather than related diversification. Furthermore, international diversification has a positive and significant relationship with CSP. Therefore, this study found that corporate diversification is a significant antecedent of CSP.JEL Classification: L25, M14

show abstract

International Cultural Diversification and Corporate Social Performance in Multinational Enterprises: The Role of Slack Financial Resources

Cited by 69 publications

References 110 publications

Does it really pay to be good, everywhere? A first step to understand the corporate social and financial performance link in Latin American controversial industries

Does it really pay to be good, everywhere? A first step to understand the corporate social and financial performance link in Latin American controversial industries

The role of sustainable development and innovation on firm performance

Corporate Diversification and Corporate Social Performance in Indonesia

Contact Info

Product

Resources

About