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A multi-level model integrating corporate social responsibility and political activity in the European Union

2024-09Artigo científico Acesso aberto
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dc.contributor.authorBorges, Andreia
dc.contributor.authorRamalho, Nelson
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.pblJohn Wiley and Sons Ltd
dc.date.accessioned2024-04-23T01:25:00Z
dc.date.available2024-04-23T01:25:00Z
dc.date.issued2024-09
dc.descriptionPublisher Copyright: © 2024 The Authors. Corporate Social Responsibility and Environmental Management published by ERP Environment and John Wiley & Sons Ltd.
dc.description.abstractMany multinational corporations develop business operations in Europe. The current research attempts to fill the gap on how corporations can increase their political influence in this geography by exploring the joint effect of corporate political activity (CPA) and social responsibility (CSR) on political embeddedness and financial performance. Based on institutional theory and on a sample of autochthonous (European Union [EU]) and allochthonous (non-EU) firms with declared EU lobbying (from 2008 to 2019) we conducted two studies. Based on a multi-level model, Study 1 finds strong and robust evidence that boardroom gender diversity and EU lobbyists interactively increase EU political embeddedness. Complementarily, Study 2, which relies on general linear Modeling, suggests that allochthonous corporations are more profitable when they display high-level political embeddedness and lobbying expenditures, combined with adoption of United Nations (UN) guidelines. Overall, findings show that lobbying in Europe pays off, especially when corporations strive to be aligned with EU ethical values and aspirations. Hiring lobbyists to be based in Brussels and promoting gender equality help establish EU political connections. Subsequently, findings highlight the role that EU political embeddedness, lobbying expenditures, and UN guidelines play in leveraging financial performance, especially across non-EU corporations. Regarding EU corporations, results show that a firm-level investment on CPA-CSR is particularly important. Overall, findings from this research support corporations that are growing businesses in Europe.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent1424321
dc.identifier.doi10.1002/csr.2795
dc.identifier.issn1535-3958
dc.identifier.otherPURE: 89094360
dc.identifier.otherPURE UUID: 9d3f07dd-c751-46a3-bf67-aa2e2a5c740d
dc.identifier.otherScopus: 85189988134
dc.identifier.otherWOS: 001197621100001
dc.identifier.urihttp://hdl.handle.net/10362/166505
dc.identifier.urlhttps://www.scopus.com/pages/publications/85189988134
dc.language.isoeng
dc.peerreviewedyes
dc.subjectcorporate political activity
dc.subjectcorporate social responsibility
dc.subjectlobbying
dc.subjectreturn on assets (ROA)
dc.subjectUnited Nations (UN)
dc.subjectDevelopment
dc.subjectStrategy and Management
dc.subjectManagement, Monitoring, Policy and Law
dc.subjectSDG 5 - Gender Equality
dc.subjectSDG 10 - Reduced Inequalities
dc.subjectSDG 12 - Responsible Consumption and Production
dc.titleA multi-level model integrating corporate social responsibility and political activity in the European Unionen
dc.title.subtitleWhat are the institutional implications for foreign companies?en
dc.typejournal article
degois.publication.firstPage4265
degois.publication.issue5
degois.publication.lastPage4279
degois.publication.titleCorporate Social Responsibility and Environmental Management
degois.publication.volume31
dspace.entity.typePublication
rcaap.rightsopenAccess

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