What is it about?
Many multinationals adopt global multi-stakeholder initiatives, such as the United Nations Global Compact and Global Reporting Initiatives, to signal their commitment to global CSR. This study stands as one of the first empirical studies to examine the role of multi-stakeholder initiatives in the relationship between internationalization and firm performance. The results demonstrate that the signaling effect of multi-stakeholder initiatives helps MNEs reduce the disadvantages faced by foreign companies and improve profitability during internationalization.
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Why is it important?
This study explores the moderating role of CSR in the relationship between internationalization and firm performance, demonstrating how MNEs' adoption of multi-stakeholder initiatives can reduce information asymmetry in host countries, thereby enhancing their credibility with foreign stakeholders.
Perspectives
This study explores the moderating role of CSR in the relationship between internationalization and firm performance, demonstrating how MNEs' adoption of multi-stakeholder initiatives can reduce information asymmetry in host countries, thereby enhancing their credibility with foreign stakeholders.
Dr. Sang-Bum Park
University of Bradford
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This page is a summary of: Internationalization and firm performance: moderating role of multi-stakeholder initiatives, Multinational Business Review, August 2023, Emerald,
DOI: 10.1108/mbr-10-2022-0168.
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