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The glocalization of responsible investment: Contextualization work in France and Quebec

Author

Listed:
  • Jean-Pascal Gond

    (City University London)

  • Eva Boxenbaum

    (CBS - Copenhagen Business School [Copenhagen], CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

Abstract

This study investigates the institutional work that underlies the diffusion of responsible investment (RI) and enhances its adaptation to local settings. Building on institutional theory and actor-network theory, we advance the concept of contextualization work to describe the institutional work that sustains RI glocalization. Empirical data from two case studies highlight how entrepreneurial actors imported the notion of RI from the US to France and Quebec. Our findings uncover three types of contextualization work--filtering, repurposing, and coupling--that sustain RI glocalization, and show how actors employed them in both settings to overcome the lack of technical, cultural, or political fit between the imported practice and their local context. Our results explain how divergent glocalized versions of RI are developed and adapted through contextualization work. Last, we discuss how our repertoire of contextualization work can account for local forms of a global concept and the uneven pattern of its diffusion.

Suggested Citation

  • Jean-Pascal Gond & Eva Boxenbaum, 2013. "The glocalization of responsible investment: Contextualization work in France and Quebec," Post-Print hal-00870436, HAL.
    • Handle: RePEc:hal:journl:hal-00870436
    Note: View the original document on HAL open archive server: https://minesparis-psl.hal.science/hal-00870436
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    References listed on IDEAS

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    1. Céline Louche & Kyoko Sakuma, 2008. "Socially Responsible Investment in Japan: Its Mechanism and Drivers," Post-Print hal-01098061, HAL.
    2. Frédérique Déjean & Stéphanie Giamporcaro & Jean-Pascal Gond & Bernard Leca & Elise Penalva-Icher, 2013. "Mistaking an Emerging Market for a Social Movement? A Comment on Arjaliès’ Social-Movement Perspective on Socially Responsible Investment in France," Journal of Business Ethics, Springer, vol. 112(2), pages 205-212, January.
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    5. Jean-Pascal Gond & Jacques Igalens, 2005. "Measuring Corporate Social Performance in France. A Critical and Empirical Analysis of ARESE Data," Post-Print halshs-00005808, HAL.
    6. Joakim Sandberg & Carmen Juravle & Ted Hedesström & Ian Hamilton, 2009. "The Heterogeneity of Socially Responsible Investment," Journal of Business Ethics, Springer, vol. 87(4), pages 519-533, July.
    7. Céline Louche & Daniel Arenas & Katinka Cranenburgh, 2012. "From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment," Journal of Business Ethics, Springer, vol. 110(3), pages 301-320, October.
    8. repec:dau:papers:123456789/1478 is not listed on IDEAS
    9. Josep Lozano & Laura Albareda & M. Balaguer, 2006. "Socially Responsible Investment in the Spanish financial market," Journal of Business Ethics, Springer, vol. 69(3), pages 305-316, December.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

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    3. Luluk Widyawati, 2020. "A systematic literature review of socially responsible investment and environmental social governance metrics," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 619-637, February.
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    5. Andreas Rasche & Frank Bakker & Jeremy Moon, 2013. "Complete and Partial Organizing for Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 115(4), pages 651-663, July.
    6. Diane-Laure Arjaliès & Rodolphe Durand, 2019. "Product Categories as Judgment Devices: The Moral Awakening of the Investment Industry," Organization Science, INFORMS, vol. 30(5), pages 885-911, September.
    7. Dimmelmeier, Andreas, 2021. "Sustainable Finance as a Contested Concept: Tracing the Evolution of Five Frames Between 1998 and 2018," SocArXiv 7jhgp, Center for Open Science.
    8. Aurélien Acquier & Valentina Carbone & Valérie Moatti, 2018. "“Teaching the Sushi Chef”: Hybridization Work and CSR Integration in a Japanese Multinational Company," Journal of Business Ethics, Springer, vol. 148(3), pages 625-645, March.
    9. Christel Dumas & Céline Louche, 2016. "Collective beliefs for responsible investment," Post-Print hal-01183744, HAL.
    10. Wæraas , Arild & Agger Nielsen, Jeppe, 2015. "Translation Theory ‘Translated’: Three Perspectives on Translation in Organizational Research," Working Paper Series 16-2015, Norwegian University of Life Sciences, School of Economics and Business.
    11. Westney, D. Eleanor & Piekkari, Rebecca & Koskinen, Kaisa & Tietze, Susanne, 2022. "Crossing borders and boundaries: Translation ecosystems in international business," International Business Review, Elsevier, vol. 31(5).
    12. Gabriela Gutierrez-Huerter O & Jeremy Moon & Stefan Gold & Wendy Chapple, 2020. "Micro-processes of translation in the transfer of practices from MNE headquarters to foreign subsidiaries: The role of subsidiary translators," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(3), pages 389-413, April.
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    Keywords

    investissement responsable; contextualization; traduction; responsible investment; translation;
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