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This study analyzes which firms leave multi-stakeholder initiatives (MSIs) for corporate social responsibility. Based on an analysis of all active and delisted participants from the UN Global Compact between 2000 and 2015 (n= 15,853), we find that SMEs are more likely to be delisted than larger and publicly-listed firms; that early adopters face a higher risk of being delisted; and that the presence of a local network in a country reduces the likelihood of being delisted. We theorize that MSIs face a participant self-selection bias over time and that local networks enable legitimacy spillover effects that prevent firms from exiting.

Publication information

Original languageEnglish
Publication date2017
Number of pages32
StatePublished - 2017
Event - Copenhagen, Denmark

Conference

ConferenceThe 33rd EGOS Colloquium 2017
Number33
LocationCopenhagen Business School
CountryDenmark
CityCopenhagen
Period06/07/201708/07/2017
Internet address

    Keywords

  • Corporate social responsibility, Small-and-medium-sized enterprises (SMEs), Global institutions, Multi-stakeholder initiatives, Logistic regression, United Nations

ID: 50344116