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- W2134092051 abstract "Working draft - Not for citation without the author's permission Comments welcome! Abstract: What factors explain cross-national differences in multinational corporations' (MNCs) environmental responsibility efforts? The logic of economic globalization suggests that multinational corporations operating in countries of comparable economic development and socio-cultural values orientation would pursue similar corporate environmental responsibility (CER) activities and reporting strategies in all of these markets. In reality, however, MNCs' efforts to reduce and report on their ecological footprint exhibit remarkable qualitative and quantitative cross-national differences. Rooted in the varieties of capitalism literature, this paper argues that cross-national institutional differences are a central and hitherto neglected factor in explaining the relationship between popular demands for environmental sustainability and corporate responses to these demands. This argument is tested by comparing quality and quantity of CER information reported by 20 Fortune Global 500 companies on their national websites in 21 OECD countries. Pattern recognition and classification methods are employed in order to construct a new measure of MNCs' reported CER activities. The regression of this measure of CER on Pryor's (2005) categorization of economic systems provides strong evidence that firms disclose more and better information on their corporate environmental responsibility efforts in less coordinated market economies than in more coordinated market economies. These findings challenge the common perception of a trend towards more homogeneous global corporate responsibility efforts. For now, MNCs' corporate environmental responsibility strategies remain embedded in national institutional frameworks." @default.
- W2134092051 created "2016-06-24" @default.
- W2134092051 creator A5003669973 @default.
- W2134092051 date "2011-01-01" @default.
- W2134092051 modified "2023-09-28" @default.
- W2134092051 title "Varieties of Capitalism and Environmental Sustainability: Institutional Explanations for differences in Firms' Corporate Environmental Responsibility Reporting across 21 OECD Economies" @default.
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