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.
Original language | English |
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Publication date | 2017 |
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 https://www.egosnet.org/2017_copenhagen/general_theme |
Conference
Conference | The 33rd EGOS Colloquium 2017 |
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Number | 33 |
Location | Copenhagen Business School |
Country/Territory | Denmark |
City | Copenhagen |
Period | 06/07/2017 → 08/07/2017 |
Internet address |
Keywords
- Corporate social responsibility
- Small-and-medium-sized enterprises (SMEs)
- Global institutions
- Multi-stakeholder initiatives
- Logistic regression
- United Nations