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Cultural dimensions and corporate social responsibility: A cross-country analysis

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  • Halkos, George
  • Skouloudis, Antonis

Abstract

The diffusion of corporate social responsibility (CSR) has witnessed a surge in recent years but the rate of adoption among national business sectors diverges considerably. In this paper we attempt to frame the influence of national culture on CSR by assessing national CSR penetration under well-established cultural dimensions. We offer new evidence on the influence of cultural specificity - proxied by Hofstede’s model - on the adoption and endorsement of CSR among national business sectors. Findings suggest that three of the six cultural dimensions affect CSR penetration after controlling for aspects of socioeconomic development. Specifically, elements of long-term versus short-term orientation and indulgence versus restraint affect positively the composite CSR index while uncertainty avoidance has a negative effect. In contrast, the effect of, individualism, power distance and masculinity is found to be insignificant. These findings provide fertile ground to theorists and researchers for a deeper investigation of the impact of parameters that define the cultural specificity of CSR and act as moderators of organizational self-regulation.

Suggested Citation

  • Halkos, George & Skouloudis, Antonis, 2016. "Cultural dimensions and corporate social responsibility: A cross-country analysis," MPRA Paper 69222, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:69222
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    References listed on IDEAS

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    Cited by:

    1. Halkos, George & Zisiadou, Argyro, 2016. "Environmental performance index and economic welfare," MPRA Paper 75561, University Library of Munich, Germany.
    2. Graafland, Johan & Noorderhaven, Niels, 2018. "National culture and environmental responsibility research revisited," International Business Review, Elsevier, vol. 27(5), pages 958-968.
    3. Borja Diez-Cañamero & Tania Bishara & Jose Ramon Otegi-Olaso & Rikardo Minguez & José María Fernández, 2020. "Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings," Sustainability, MDPI, vol. 12(5), pages 1-36, March.
    4. Halkos, George & Matsiori, Steriani, 2017. "Estimating recreational values of coastal zones," MPRA Paper 80911, University Library of Munich, Germany.
    5. Sadiye Oktay & Serdar Bozkurt & Kübra Yazıcı, 2021. "The Relationship Between Carbon Disclosure Project Scores and Global 500 Companies: A Perspective From National Culture," SAGE Open, , vol. 11(2), pages 21582440211, May.
    6. Susanne Rank & Francoise Contreras, 2021. "Do Millennials pay attention to Corporate Social Responsibility in comparison to previous generations? Are they motivated to lead in times of transformation? A qualitative review of generations, CSR a," International Journal of Corporate Social Responsibility, Springer, vol. 6(1), pages 1-13, December.

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    More about this item

    Keywords

    Cultural dimensions; corporate social responsibility (CSR); national index; ranking; Hofstede; cross-country comparison.;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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