Striving for sustainable development
The impact of corporate social responsibility on corporate performance of Chinese manufacturing multinationals in Africa
Bibliographic Data
| ID | 12308703 |
|---|---|
| Authors | Qiaowen Zhang (0000-0001-7876-5925, Faculty of Economics and Management & China‐Africa International Business School Zhejiang Normal University Jinhua China, corresponding author), Annalien de Vries (0000-0001-8226-5368, Department of Business Management Stellenbosch University Matieland South Africa) |
| Year | 2023 |
| Volume | 31 |
| Issue | 5 |
| Pages | 3328-3345 |
| Publication date | 2023-05-05 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.2588 |
| OpenAlex | W4372300348 |
| Language | EN |
| Citations received | 1 |
| References cited | 118 |
The Forum of China‐Africa Cooperation benefits both China and Africa in tackling development issues. Increased foreign direct investment from China can specifically help to reduce Africa's struggles to meet its 2030 sustainable development goals. Due to insufficient global investment experience and stigmatization, Chinese multinational companies (MNCs) often experience unsatisfactory corporate performance in host countries. A successful strategy to mitigate stigma and be perceived by stakeholders as “legitimate” is through corporate social responsibility (CSR) engagement. Exploring how Chinese MNCs in Africa can achieve desirable corporate performance through CSR engagement is important to promote mutual benefits for both Chinese MNCs and African societies. This study aimed to contribute to emerging market CSR literature by examining the relationship between CSR engagement and corporate performance of Chinese manufacturing MNCs operating in Africa, with emphasis on moral legitimacy as a mediating factor and institutional distance as a moderating factor. Survey data were collected between June 2019 and January 2020 from a sample of 203 Chinese manufacturing MNCs subsidiaries in Africa. By using hierarchical regression and bootstrapping, we find that the positive relationship between CSR engagement and corporate performance is fully mediated by moral legitimacy gaining. This mediation effect is moderated by institutional distance. The results enrich our understanding of how Chinese manufacturing MNCs' corporate performance can be enhanced by addressing social challenges and promoting sustainable investment cooperation with African countries. These results are important for Chinese MNCs and authorities, as well as African public authorities when designing policies to promote China‐Africa sustainable investment cooperation
Business · China · Corporate social responsibility · Economics · Emerging markets · Foreign direct investment · Legitimacy · Multinational corporation · Political science · Politics · Public relations · Sustainable development · Corporate Social Responsibility Reporting · Innovation and Socioeconomic Development · International Development and Aid · Finance
New perspectives on organizational effectiveness
Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R
Institutional Distance and the Multinational Enterprise
Business Ethics
Corporate Social Responsibility
Social licence and mining
The Double-Edge of Organizational Legitimation
Beyond Survival
Corporate responsibility and financial performance
Corporate Social Performance Revisited
The Social License to Operate
How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction
Stakeholder influence capacity and the variability of financial returns to corporate social responsibility
“Implicit” and “Explicit” CSR
Toward a Theory of Stakeholder Identification and Salience
Caring, Control, and Clinicians' Influence
Common method biases in behavioral research
Managing Legitimacy
Comparing capitalisms
The Worldwide Governance Indicators
Encyclopedia of Survey Research Methods
The Social Licence to Operate and the legitimacy of resource extraction
Sustainable development and economic performance
Sustainability management and social license to operate in the extractive industry
The importance of institutional differences among countries in SDGs achievement
The Consequences of Integrating Stakeholder Engagement in Sustainable Development (Environmental Perspectives)
When moderation is mediated and mediation is moderated
Striving for Legitimacy Through Corporate Social Responsibility
Corporate Social and Financial Performance
Investigating Stakeholder Theory and Social Capital
Principles and Practice of Structural Equation Modeling
Corporate Social Responsibility and Development in Africa
The Iron Cage Revisited
Corporate Social Responsibility and institutional theory
China's State-Centric Approach to Corporate Social Responsibility Overseas
| Citations per year | 0.5 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |