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.
|Number of pages||32|
|Publication status||Published - 2017|
|Event||The 33rd EGOS Colloquium 2017: The Good Organization - Copenhagen Business School, Copenhagen, Denmark|
Duration: 6 Jul 2017 → 8 Jul 2017
Conference number: 33
|Conference||The 33rd EGOS Colloquium 2017|
|Location||Copenhagen Business School|
|Period||06/07/2017 → 08/07/2017|
- Corporate social responsibility
- Small-and-medium-sized enterprises (SMEs)
- Global institutions
- Multi-stakeholder initiatives
- Logistic regression
- United Nations
Rasche, A., Larsen, M. L., Gwozdz, W., & Moon, J. (2017). What Firms Leave Multi-Stakeholder Initiatives? An Analysis of Delistings From the UN Global Compact. Paper presented at The 33rd EGOS Colloquium 2017, Copenhagen, Denmark.