Influence of institutional factors on global corporate social responsibility performance

The study contributes to the problem in managing business-society relations through an institutional perspective of social responsibility. For this purpose, it makes use of various prominent institutional dynamics worldwide to predict their country-specific effects on global corporate social responsibility (CSR) performance for as many as 59 countries. By employing ordinary least square (OLS) model of regression analysis, the study documents that per capita industrial productivity and pollution level are negatively linked to CSR performance. In order to thrive for improved CSR performance, the study suggests governments at sub-national levels to work towards ensuring environmental sustainability through the enactment of more stringent laws concerning business conduct, ecology, pollution and biodiversity. It also urges the corporate sector to walk shoulder-to-shoulder with the government's effort towards realising inclusive growth through proper and meaningful integration of various socio-economic and environmental concerns into its business process as well as CSR policy.