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How do Multinational Companies Assume New Social Responsibilities under the COVID-19?

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

Listed:
  • Hanqi Bian

    (Wuxi Dipont School of Arts and Science (Previous name: Nanwai King’s College School Wuxi))

Abstract

This research study mainly focuses on the impact of Covid-19 on multinational companies and the development of new social responsibilities. They mainly analyze the pre and post responsibilities of multinational companies in terms of normalizing the organizational situation in a pandemic. The research method utilized in the assessment is legal norm analysis which helps in identifying the gap in the corporate social responsibilities. The background problem is based on the research about the corporate social responsibilities before the pandemic in China and other multinational organizations which have been considered an integral part of organizational success. However, after the pandemic, these social responsibilities become more essential. In this research paper, the previous strategic approach and new development in corporate social responsibilities have been analyzed in order to overcome the negative consequences of a pandemic on society. The new development of law enforcement in regard to new organizational structure and working environment has been discussed to improve social responsibilities. The correlation between the performance of the MNEs and pandemic outbreaks has been identified. Therefore, this study significantly proposes the need for legal policies and legislation to rebuild corporate social responsibilities after the covid-19 outbreak.

Suggested Citation

  • Hanqi Bian, 2022. "How do Multinational Companies Assume New Social Responsibilities under the COVID-19?," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 501-507, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_74
    DOI: 10.2991/978-94-6463-036-7_74
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