Understanding the link between subsidiary CEOs and corporate social responsibility in emerging markets : moderating role of social capital
Ferraris, Alberto; Golgeci, Ismail; Arslan, Ahmad; Santoro, Gabriele (2023-09-12)
Ferraris, A., Golgeci, I., Arslan, A., & Santoro, G. (2023). Understanding the link between subsidiary CEOs and corporate social responsibility in emerging markets: Moderating role of social capital. Business Ethics, the Environment & Responsibility, 00, 1–14. https://doi.org/10.1111/beer.12598
© 2023 The Authors. Business Ethics, the Environment & Responsibility published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.
https://creativecommons.org/licenses/by-nc-nd/4.0/
https://urn.fi/URN:NBN:fi-fe20230914125897
Tiivistelmä
Abstract
This paper analyzes the interlink among managerial experience, capabilities, and social capital in relation to corporate social responsibility (CSR) activities of multinational enterprises’ (MNEs) subsidiaries in an emerging market context. Based on the empirical sample of 104 subsidiaries of 28 Italian MNEs operating in India, we found that CEO managerial capabilities are positively associated with CSR activities. However, interestingly, our findings also show that subsidiary CEO (managerial) experience is negatively associated with CSR activities in emerging markets. Therefore, our study is one of the few that highlights the negative repercussions of experience in the context of CSR activities in emerging markets. Moreover, our findings show that while social capital alleviates the negative influences of CEO experience on CSR activities, it does not enhance the role of CEO managerial capabilities in CSR activities. As such, our study contributes to research on business ethics with a focus on sustainable development in business.
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