Reexamining the Impact of National Culture on Corporate Social Responsibility

The importance of institutional differences among countries in SDGs achievement: A cross‐country empirical study

“…This is particularly relevant for multinational companies operating in countries with different institutional conditions, as our results can be useful in their strategies to diversify into sustainability issues in the countries where their subsidiaries operate, as well as to re‐examine the underlying risks of generating programs that may collide with the culture of the countries where these subsidiaries are located. In these cases, such multinationals may choose to develop strategies and actions related to SDGs that are tailored to each country in which they operate that compensate for those institutional conditions that are negatively related to the integration of SDGs (Peng et al, 2012). Thus, when designing and allocating resources for SDG training programs, companies should take into account the institutional conditions that characterize a given country.…”

“…In the same line, Katz, Swanson, and Nelson (2001) point out that the activity of pro‐active groups in favor of the environment seems to be much more widespread and diverse in individualistic cultures than in collectivistic ones. In similar tems, Vachon (2010) finds that individualism is related to “green” corporatism, environmental innovation, fair labor practices, and involvement in CSR, while Husted (2005), Ioannou and Serafeim (2012) and Peng et al (2012) observe that countries with greater individualism have greater social and institutional capacity to respond to social and environmental challenges. Vu (2020) shows that the emphasis on personal autonomy and achievement in individualistic cultures positively influences climate change policies by improving the quality of governance mechanisms and promoting innovation.…”