The Effect of Foreign Equity Ownership on Corporate Social Responsibility : Empirical Evidence from Poland

• Autorzy: Anna Doś
• Języki publikacji: EN

Abstrakty

EN

In the literature on corporate social responsibility (CSR) the origin of the equity is seen as one the drivers of CSR. There is evidence of multinational corporations stimulating diffusion of CSR practices in a few emerging economies. There are no similar studies focusing on the Polish economy. Since CSR practices are country-specific it is important to investigate if and how capital flows foster corporate social responsibility among firms established and operating in Poland. The method applied in the study is a statistical analysis of the ownership structure of firm whose socially responsible practices are highly ranked by the independent think-tanks compared to the ownership structure of their most relevant competitors. The results allow for a more comprehensive understanding of CSR drivers in Poland as well as the role of foreign capital in reshaping economic structures in Poland. (original abstract)

Słowa kluczowe

EN

Ownership structure; Multinational enterprise; Corporate Social Responsibility (CSR)

PL

Struktura własnościowa; Przedsiębiorstwo wielonarodowe; Społeczna odpowiedzialność biznesu

• Czasopismo: e-Finanse
• Rocznik: 2017
• Tom: 13
• Numer: nr 3
• Strony: 66--75

Twórcy

autor

Anna Doś

• University of Economics in Katowice, Poland

Bibliografia

• Abebe, M.T., Begum, M. (2016). The Spillover Effect of MNCs on Local Firms: Reviewing the Empirical Evidence. International Research Journal of Engineering and Technology, 3(5), 2029-2043.
• Baumann-Pauly, D., Wickert, C., Spence, L.J., Scherer, A.G. (2013). Organizing Corporate Social Responsibility in Small and Large Firms: Size Matters. Journal of Business Ethics, 115(4), 693-705.
• Beddewela, E., Fairbrass, J. (2016). Seeking Legitimacy Through CSR: Institutional Pressures and Corporate Responses of Multinationals in Sri Lanka. Journal of business ethics, 136(3), 503-522.
• Bondy, K., Moon, J., Matten, D. (2012). An Institution of Corporate Social Responsibility (CSR) in Multi-national Corporations (MNCs): Form and Implications. Journal of Business Ethics, 111(2), 281-299.
• Bondy, K., Starkey, K. (2014). The Dilemmas of Internationalization: Corporate Social Responsibility in the Multinational Corporation. British Journal of Management, 25 (1), 4-22.
• Campbell, J.T., Eden, L., Miller, S.R. (2012). Multinationals and Corporate Social Responsibility in Host Countries: Does Distance Matter. Journal of International Business Studies, 43(1), 84-106.
• Chapple, W., Moon, J. (2005). Corporate Social Responsibility (CSR) in Asia a Seven-country Study of CSR Web Site Reporting. Business & Society, 44(4), 415-441.
• Dahlsrud, A. (2008). How Corporate Social Responsibility is Defined: An Analysis of 37 Definitions. Corporate Social Responsibility and Environmental Management, 15(1), 1-13.
• Dyczkowska, J., Krasodomska, J., Michalak, J. (2016). CSR in Poland: Institutional Context, Legal Framework and Voluntary Initiatives. Accounting and Management Information Systems, 15(2), 206-241.
• Garriga, E., Mele, D. (2004). Corporate Social Responsibility Theories: Mapping the Territory. Journal of Business Ethics, 53(1), 51-71.
• Googins, B.K., Mirvis, P. (2006). Stages of Corporate Citizenship: A Developmental Framework. California Management Review, 48, 104-126.
• Haniffa, R.M., Cooke, T.E. (2005). The Impact of Culture and Governance on Corporate Social Reporting. Journal of Accounting and Public Policy, 24(5), 391-430.
• Hys, K., Hawrysz, L. (2013). CSR in Poland as an Important Foundation of Modern Society. Management Studies, 1(1), 27-33.
• Kaplan, J., Montiel, I. (2016). East vs. West Approaches to Reporting Corporate Sustainability Strategies to the World: Corporate Sustainability. In D. Jamali (Ed.), Comparative Perspectives on Global Corporate Social Responsibility (4968). Hershey: IGI Global.
• Khan, A., Muttakin, M.B., Siddiqui, J. (2013). Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from an Emerging Economy. Journal of Business Ethics, 114(2), 207-223.
• Kolk, A. (2016). The Social Responsibility of International Business: From Ethics and the Environment to CSR and Sustainable Development. Journal of World Business, 51 (1), 23-34.
• Kuzior, A., Knosala, B. (2015). Changes in Perception and Implementation of CSR in the Polish Enterprises. Zeszyty Naukowe. Organizacja i Zarządzanie/Politechnika Śląska, 81, 119-129.
• Lewicka-Strzalecka, A. (2006). Opportunities and Limitations of CSR in the Post Communist Countries: Polish Case. Corporate Governance: The International Journal of business in society, 6(4), 440-448.
• Lim, A., Tsutsui, K. (2012). Globalization and Commitment in Corporate Social Responsibility Cross-national Analyses of Institutional and Political-economy Effects. American Sociological Review, 77(1), 69-98.
• Maignan, I., Ralston, D.A. (2002). Corporate Social Responsibility in Europe and the US: Insights from Businesses' Self-presentations. Journal of International Business Studies, 33(3), 497-514.
• Malik, M. (2015). Value-enhancing Capabilities of CSR: A Brief Review of Contemporary Literature. Journal of Business Ethics, 127(2), 419-438.
• Marsden, C. (2001). The Role of Public Authorities in Corporate Social Responsibility. Retrieved from Agence Alter Website: http://www. alter. be/socialresponsibility/people/marchri/en/displayPerson (10th of May 2017).
• Matten, D., Moon, J. (2008). "Implicit" and "Explicit" CSR: A Conceptual Framework for a Comparative Understanding of Corporate Social Responsibility. Academy of Management Review, 33(2), 404-424.
• Morand, M., Rayman-Bacchus, L. (2006). Think Global, Act Local: Corporate Social Responsibility Management in Multinational Companies. Social Responsibility Journal, 2(3/4), 261-272.
• OECD (2017), FDI main aggregates - Summary : FDI positions - As a share of GDP . http://stats.oecd.org/ (accessed: 07th of May 2017).
• Oh, W.Y., Chang, Y.K., Martynov, A. (2011). The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence from Korea. Journal of Business Ethics, 104(2), 283-297.
• Orhangazi, Ö. (2008). Financialisation and Capital Accumulation in the Non-financial Corporate Sector: A Theoretical and Empirical Investigation on the US Economy: 1973-2003. Cambridge Journal of Economics, 32(6), 863-886.
• Park, B.I., Chidlow, A., Choi, J. (2014). Corporate Social Responsibility: Stakeholders Influence on MNEs' Activities. International Business Review, 23(5), 966-980.
• Park, B.I., Ghauri, P.N. (2015). Determinants Influencing CSR Practices in Small and Medium Sized MNE Subsidiaries: A Stakeholder Perspective. Journal of World Business, 50(1), 192-204.
• Petrović-Randelović, M., Stevanović, T., Ivanović-Dukić, M. (2015). Impact of Corporate Social Responsibility on the Competitiveness of Multinational Corporations. Procedia Economics and Finance, 19, 332-341.
• Porter, M., Kramer, M.R. (2011). Creating Shared Value. Harvard Business Review, 89(1/2), 62-77.
• Potocki, T. (2015). Corporate Social Responsibility in Poland: From Theory to Practice. In S. Idowu, R. Schmidpeter, M. Fifka (Ed.), Corporate Social Responsibility in Europe (pp. 245-269). Switzerland: Springer International Publishing.
• Rathert, N. (2016). Strategies of Legitimation: MNEs and the Adoption of CSR in Response to Host-country Institutions. Journal of International Business Studies, 47(7), 858-879.
• Reimann, F., Ehrgott, M., Kaufmann, L., Carter, C.R. (2012). Local Stakeholders and Local Legitimacy: MNEs' Social Strategies in Emerging Economies. Journal of International Management, 18 (1), 1-17.
• Rodriguez, P., Siegel, D.S., Hillman, A., Eden, L. (2006). Three Lenses on the Multinational Enterprise: Politics, Corruption, and Corporate Social Responsibility. Journal of International Business Studies, 37(6), 733-746.
• Saeidi, S.P., Sofian, S., Saeidi, P., Saeidi, S.P., Saaeidi, S.A. (2015). How Does Corporate Social Responsibility Contribute to Firm Financial Performance? The Mediating Role of Competitive Advantage, Reputation, and Customer Satisfaction. Journal of Business Research, 68(2), 341-350.
• Salento, A., Masino, G., Berdicchia, D. (2013). Financialization and Organizational Changes in Multinational Enterprises}.Revue d'economie industrielle, (4), 145-176.|
• Scherer, A.G., Palazzo, G. (2011). The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and Its Implications for the Firm, Governance, and Democracy. Journal of Management Studies, 48(4), 899931.
• Short, J.C., McKenny, A.F., Ketchen, D.J., Snow, C.C., Hult, G.T.M. (2016). An Empirical Examination of Firm, Industry, and Temporal Effects on Corporate Social performance. Business & Society, 55(8), 1122-1156.
• Steurer, R., Konrad, A. (2009). Business-society Relations in Central-Eastern and Western Europe: How Those Who Lead in Sustainability Reporting Bridge the Gap in Corporate (Social) Responsibility. Scandinavian Journal of Management, 25(1), 23-36.
• Stiebale, J., Reize, F. (2011). The Impact of FDI Through Mergers and Acquisitions on Innovation in Target Firms. International Journal of Industrial Organization, 29(2), 155-167.
• Szczepański, M.S., Geisler, R., Śliz, A. (2009). Building a Model of Corporate Social Responsibility in the Old Industrial Region (in the Case of Upper Silesia): a Sociological Perspective. Social Responsibility Journal, 5(1), 62-69.
• Thijssens, T., Bollen, L., Hassink, H. (2015). Secondary Stakeholder Influence on CSR Disclosure: An Application of Stakeholder Salience Theory. Journal of Business Ethics, 132(4), 873-891.
• Żychlewicz, M. (2017). Corporate Social Responsibility in Large and Medium-sized Companies in Poland. Journal of Corporate Responsibility and Leadership, 3(1), 69-80.

Identyfikatory

DOI

10.1515/fiqf-2016-0030