MNES and climate change: exploring institutional failures and embeddedness

Jonatan Pinkse and Ans Kolk ()
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Ans Kolk: Amsterdam Business School - UvA - University of Amsterdam [Amsterdam] = Universiteit van Amsterdam

Grenoble Ecole de Management (Post-Print) from HAL

Abstract: This paper explores how climate change affects MNEs, focusing on the challenges they face in overcoming liabilities and filling institutional voids related to the issue. Climate change is characterized by institutional failures because there is neither an enforceable global agreement nor a market morality. Climate change is also a distinctive 'international business' issue as its institutional failures materialize differently in different countries. As governments are still highly involved, MNEs need to carefully consider their strategies to cope with nonmarket forces, including their embeddedness in multiple institutional settings. Using some illustrative examples of MNE responses to climate-related components in stimulus packages, we explore MNEs' balancing act concerning their institutional embeddedness (or lack thereof) in home, host and supranational contexts as input for further research on the dynamics of MNE activities in relation to climate change

Date: 2012
New Economics Papers: this item is included in nep-env
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Published in Journal of International Business Studies, 2012, 43, pp.332-341. ⟨10.1057/jibs.2011.56⟩

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Working Paper: MNES and climate change: exploring institutional failures and embeddedness (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:gemptp:hal-00707360

DOI: 10.1057/jibs.2011.56

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