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Public Listing, Context and CSR: The Effects of Legal Origin

Author

Listed:
  • Marc Goergen

    (Cardiff Business School, Cardiff University)

  • Salim Chahine

    (Olayan School of Business, American University of Beirut)

  • Geoffrey Wood

    (Essex Business School, University of Essex)

  • Chris Brewster

    (Henley Business School, University of Reading)

Abstract

The literature on legal origin argues that legal institutions mold what firms do: within common law systems, shareholder rights are much stronger, reducing agency issues. We explore whether publicly-listed companies are more likely to have corporate social responsibility (CSR) codes than privately-held companies, and whether the association between a public listing and the existence of a CSR code is affected by the company's location within a specific institutional and cultural setting. We conclude that proposals to introduce more ethical dimensions to the behavior of firms need to be thought through: what works in one location may be inappropriate in another.

Suggested Citation

  • Marc Goergen & Salim Chahine & Geoffrey Wood & Chris Brewster, 2015. "Public Listing, Context and CSR: The Effects of Legal Origin," John H Dunning Centre for International Business Discussion Papers jhd-dp2015-09, Henley Business School, University of Reading.
    • Handle: RePEc:rdg:jhdxdp:jhd-dp2015-09
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    References listed on IDEAS

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    Keywords

    Corporate Social Responsibility; public listing; context; legal origin; comparative management;
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