@misc{10481/89788,
year = {2015},
url = {https://hdl.handle.net/10481/89788},
abstract = {Multinational enterprises (MNEs) often locate facilities in developing countries to benefit from lax environmental and social regulations and to
reduce their operating costs. MNEs can also contribute positively to those countries by improving their economic environment, facilitating relationships with
governments and other social agents, and enhancing social welfare. We argue
that MNEs that operate in developing countries may enhance economic and
sustainable development in those countries and simultaneously improve their
financial performance. We analyzed a sample of 113 US MNEs from the chemical, energy, and industrial machinery industries. Our findings suggest that their
presence in developing countries moderates the relationship between corporate
social performance (CSP) and financial performance (CFP). We found that
MNEs with a strong presence in developing countries can take advantage of the
implementation of philanthropic initiatives to significantly improve their CFP.},
organization = {Minister of Science and Innovation  ECO2010-20483, ECO 2013-47009-P},
organization = {Board of Andalucia P08-SEJ-0457, P10-SEJ-6765, P11-SEJ-7988},
organization = {Research Group ISDE (SEJ-481)},
publisher = {Peeters Publishers},
keywords = {Multinational enterprises},
keywords = {Corporate citizenship},
keywords = {Corporate ethical initiatives},
keywords = {Corporate philanthropic initiatives},
keywords = {Corporate financial performance},
title = {Corporate Citizenship of Multinational Enterprises and Financial Performance: The Moderating Effect of Operating in Developing Countries},
doi = {10.2143/EP.22.3.3108216},
author = {Aguilera Caracuel, Javier and Guerrero-Villegas, Jaime and Morales Raya, Matilde},
}