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

In: Global Enterprise Management

Author

Listed:
  • Won-Yong Oh
  • Kyoung Jin Choi
  • Young K. Chang

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).

Suggested Citation

  • Won-Yong Oh & Kyoung Jin Choi & Young K. Chang, 2015. "A New Perspective on Corporate Social Responsibility for MNEs: Real Options Theory," Palgrave Macmillan Books, in: Angelo A. Camillo (ed.), Global Enterprise Management, chapter 0, pages 107-120, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51070-9_7
    DOI: 10.1057/9781137510709_7
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    Citations

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    Cited by:

    1. Jolita Vveinhardt & Włodzimierz Sroka, 2020. "Workplace Mobbing in Polish and Lithuanian Organisations with Regard to Corporate Social Responsibility," IJERPH, MDPI, vol. 17(8), pages 1-28, April.
    2. Lu, Hao & Oh, Won-Yong & Kleffner, Anne & Chang, Young Kyun, 2021. "How do investors value corporate social responsibility? Market valuation and the firm specific contexts," Journal of Business Research, Elsevier, vol. 125(C), pages 14-25.

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