Analyse the key elements of corporate social responsibility for companies operating in global markets. Evaluate the progress made by international agencies and NGOs in establishing international...

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Analyse the key elements of corporate social responsibility for companies operating in global markets. Evaluate the progress made by international agencies and NGOs in establishing international standards for this area.

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OrganizationScienceinforms®Vol. 17, No. 3, May–June 2006, pp. 402–414doi XXXXXXXXXX/orsc XXXXXXXXXXissn XXXXXXXXXXeissn XXXXXXXXXX0617030402© 2006 INFORMSThe Impact of Corruption on Entry Strategy: Evidencefrom Telecommunication Projects in Emerging EconomiesKlaus UhlenbruckDepartment of Management and Marketing, University of Montana, Missoula, Montana XXXXXXXXXX,XXXXXXXXXXPeter RodriguezDarden Graduate School of Business Administration, University of Virginia, Charlottesville, Virginia XXXXXXXXXX,XXXXXXXXXXJonathan DohDepartment of Management, Villanova University, Villanova, Pennsylvania 19085, XXXXXXXXXXLorraine EdenDepartment of Management, Texas A&M University, College Station, Texas XXXXXXXXXX, XXXXXXXXXXith globalization and the growth in emerging economies, multinational enterprises (MNEs) now frequently con-Wfront challenges associated with corrupt governments. Already, a growing body of research has demonstrated thatcorruption signi?cantly reduces a country’s aggregate in?ows of foreign direct investment through its effects on ?rm per-formance. We move the analysis of corruption from aggregate ?nancial ?ows toward managerial theory and practice byexamining how ?rms adjust their strategy for entering foreign markets in corrupt environments and how different typesof corruption affect ?rms’ choices. Building on institutional theory, we predict that MNEs will respond to pervasive andarbitrary corruption in a host country by selecting particular types of equity and nonequity modes of entry. Using dataon 220 telecommunications development projects in 64 emerging economies, we ?nd that ?rms adapt to the pressures ofcorruption via short-term contracting and entry into joint ventures. We also ?nd that the arbitrariness surrounding corrupttransactions has a signi?cant impact on ?rms’ decisions, in addition to the overall level of corruption. In contrast to extantresearch,...

Answered Same DayDec 20, 2021

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Robert answered on Dec 20 2021
3 Votes
ABSTRACT
Corporate Social Responsibility or CSR as it is known is becoming an increasingly integral
part of the corporations both on the national and the global level. The term CSR has often
een termed as the Corporate Citizenship and defines the prima facie duty of the corporate
liability towards the citizens and the society as well. With the increase in operating markets,
the responsibility has increased in numbers to expectations of people. We will define the key
elements of the corporate social responsibility
BODY
When we talk about Multinational Entities operating in the global region, we are talking
about industries where millions of people are associated with their individual expectations
from these MNE’s. Generally speaking, these MNE’s have greater social responsibility than
its domestic counterparts because they are the ones controlling these domestic counterparts.
When we talk about MNE’s, for example many pharmaceutical companies have come in the
upfront to donate free drugs and vaccines to developing nations as a measure of their CSR.
Talking about manufacturing companies, they have shared their responsibilities by adhering
to issues such as child labour and environmental pollution in developing economies. Even
giants like Tata Group (India) are showing similar concern where they channel some of the
profits back to the community via trusts activities from the subsidiary of Tata Sons.
Although the initiatives taken by some of the key MNE’s have resulted in social welfare, but
the larger group of MNE’s are still reluctant in the key movement and rather there are few
organizations where the corporate social responsibility...
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