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Institutional Ownership and Multinational Firms: Relationships to Social and Environmental Performance book cover

1st Edition

Institutional Ownership and Multinational Firms Relationships to Social and Environmental Performance

By James J. Kennelly Copyright 2000
136 Pages
by Routledge

136 Pages
by Routledge

136 Pages
by Routledge
Also available as eBook on:
This study represents a rare empirical test of the assertions of critics of multinational corporations (MNCs), who argue that firm-level social and environmental performance suffers as MNCs grow increasingly mobile and subject to the short-term financial demands of institutional investors. Such critics argue that 'footloose' and 'stateless' MNCs have not only divorced themselves from a particular... Read more

List of Tables
Preface

1. Introduction

Research Purpose

Importance of Topic

Organization of the Book

2. Issues in Corporate Social and Environmental Performance
The Concept of Corporate Social Performance (CSP)
Theories of Corporate Social Performance
The Stakeholder Perspective
Unpacking the CSP Construct


3. Multinational Advantages
Multinationality as Competitive Advantage

Multinational Corporations, Nation-States and Social
Performance
Measurement of the Multinationality Construct
Hypothesizing the Implications of Level of Multinationality on Social and Environmental Performance

4. Institutional Ownership and Market Myopia
Trends in Institutional Ownership
Myopic Institutions and Efficient Markets
Empirical Evidence
Institutional Ownership Hypothesis

A Note on the Institutional Ownership Construct

Sample and Methodology
Sample Selection
Measurement and Operationalization
Analytical Techniques
6. Research Results
Univariate Analysis
Bivariate Analysis
Factor Analysis of Multinationality Variables
Factor Analysis of Social and Environmental Performance Variables
Hypotheses Tests
Degree of Multinationality
7. Discussion and Conclusions
Impacts of Level of Firm Multinationality
Impact of Institutional Ownership on Social and Environmental Performance
Conceptualization and Measurement of Level of Multinationality
Scope and Limitations

Contribution and Conclusions
Tables
References
Index

Biography

James J. Kennelly

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