A New Perspective on Corporate Social Responsibility for MNEs: Real Options Theory

Won-Yong Oh, Kyoung Jin Choi and Young K. Chang

Chapter Chapter 19 in Global Enterprise Management, 2015, pp 107-120 from Palgrave Macmillan

Abstract: Abstract There have been different perspectives on multinational enterprises’ (MNEs’) corporate social responsibility (CSR) involvement in their foreign affiliates (Christmann, 2004). On the one hand, some (e.g., Vernon, 1998) argue that MNEs exploit cross-country differences by adapting their subsidiaries’ environmental, legal, and regulatory standards to those of the host country, thereby reducing their CSR involvement (i.e., the local exploitation approach). On the other hand, more recent evidence (e.g., Dowell et al., 2000) suggests that some MNEs increasingly self-regulate their operations and implement more globally uniform CSR standards (i.e., the self-regulation approach).

Keywords: Corporate Social Responsibility; Host Country; Real Option; Corporate Social Performance; Strategic Management Journal (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51070-9_7

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DOI: 10.1057/9781137510709_7

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