Multinational Corporations and Their Corporate Citizenships: Exploring Their Effects on Corporate Performance Under Different Legal Traditions

IF 2.7 Q2 PUBLIC ADMINISTRATION
Stefania Camoletto, María J. Montes-Sancho, Erica Santini
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引用次数: 0

Abstract

In this paper, we focus on the conceptualization of corporate citizenship and examine the effects of its tangible manifestation, in the form of corporate philanthropy, on company performance recognizing the importance of the institutional contexts where companies are embedded. Based on a sample of 752 multinational companies that have joined the UN Global Compact, we explore the derived benefits, using as a moderator the legal environment where companies operate. The results of the random-effect regression analysis show the existence of a positive relationship between corporate citizenship and corporate market valuation over the study period (2016–2022). Findings on corporate citizenship are consistent with previous studies, and the role of the legal tradition emerges as a salient avenue for future investigation. Companies that highly leverage the philanthropic dimension of corporate citizenship and are primarily embedded in a common-law tradition benefit more than those operating in a civil-law system.

跨国公司及其企业公民意识:探索不同法律传统下它们对公司业绩的影响
在本文中,我们将重点放在企业公民意识的概念化上,并以企业慈善事业的形式研究其具体表现对公司业绩的影响,同时认识到公司所处制度环境的重要性。我们以加入《联合国全球契约》的 752 家跨国公司为样本,以公司运营所在的法律环境为调节因素,探讨了衍生效益。随机效应回归分析的结果表明,在研究期间(2016-2022 年),企业公民意识与企业市场估值之间存在正相关关系。关于企业公民意识的研究结果与之前的研究结果一致,法律传统的作用成为未来研究的一个突出方向。与大陆法系的公司相比,高度利用企业公民的慈善维度并主要植根于英美法系传统的公司获益更多。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Journal of Public Affairs
Journal of Public Affairs PUBLIC ADMINISTRATION-
CiteScore
7.10
自引率
3.80%
发文量
41
期刊介绍: The Journal of Public Affairs provides an international forum for refereed papers, case studies and reviews on the latest developments, practice and thinking in government relations, public affairs, and political marketing. The Journal is guided by the twin objectives of publishing submissions of the utmost relevance to the day-to-day practice of communication specialists, and promoting the highest standards of intellectual rigour.
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