What Firms Leave Multi-Stakeholder Initiatives?: An Analysis of Delistings From the UN Global Compact

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

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.
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.

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

Cite this

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.
Rasche, Andreas ; Larsen, Mathias Lund ; Gwozdz, Wencke ; Moon, Jeremy. / 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.32 p.
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title = "What Firms Leave Multi-Stakeholder Initiatives?: An Analysis of Delistings From the UN Global Compact",
abstract = "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.",
keywords = "Corporate social responsibility, Small-and-medium-sized enterprises (SMEs), Global institutions, Multi-stakeholder initiatives, Logistic regression, United Nations, Corporate social responsibility, Small-and-medium-sized enterprises (SMEs), Global institutions, Multi-stakeholder initiatives, Logistic regression, United Nations",
author = "Andreas Rasche and Larsen, {Mathias Lund} and Wencke Gwozdz and Jeremy Moon",
year = "2017",
language = "English",
note = "null ; Conference date: 06-07-2017 Through 08-07-2017",
url = "https://www.egosnet.org/2017_copenhagen/general_theme",

}

Rasche, A, Larsen, ML, Gwozdz, W & Moon, J 2017, 'What Firms Leave Multi-Stakeholder Initiatives? An Analysis of Delistings From the UN Global Compact' Paper presented at, Copenhagen, Denmark, 06/07/2017 - 08/07/2017, .

What Firms Leave Multi-Stakeholder Initiatives? An Analysis of Delistings From the UN Global Compact. / Rasche, Andreas; Larsen, Mathias Lund; Gwozdz, Wencke; Moon, Jeremy.

2017. Paper presented at The 33rd EGOS Colloquium 2017, Copenhagen, Denmark.

Research output: Contribution to conferencePaperResearchpeer-review

TY - CONF

T1 - What Firms Leave Multi-Stakeholder Initiatives?

T2 - An Analysis of Delistings From the UN Global Compact

AU - Rasche,Andreas

AU - Larsen,Mathias Lund

AU - Gwozdz,Wencke

AU - Moon,Jeremy

PY - 2017

Y1 - 2017

N2 - 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.

AB - 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.

KW - Corporate social responsibility

KW - Small-and-medium-sized enterprises (SMEs)

KW - Global institutions

KW - Multi-stakeholder initiatives

KW - Logistic regression

KW - United Nations

KW - Corporate social responsibility

KW - Small-and-medium-sized enterprises (SMEs)

KW - Global institutions

KW - Multi-stakeholder initiatives

KW - Logistic regression

KW - United Nations

M3 - Paper

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Rasche A, Larsen ML, Gwozdz W, Moon J. What Firms Leave Multi-Stakeholder Initiatives? An Analysis of Delistings From the UN Global Compact. 2017. Paper presented at The 33rd EGOS Colloquium 2017, Copenhagen, Denmark.