Abstract
This chapter provides a reflection on inflection points and transitions in intertwined M&A and CSR strategies, as more and more of the growth in the global economy comes from developing markets. Just as the phenomenon of reverse innovation has been occurring, in which innovation increasingly flows from developing into developed regions of the world (rather than the traditional developed to developing direction), this chapter reflects on and suggests that there could prospectively be an occurrence of reverse social responsibility and sustainability, wherein the developed regions could take notice of the practices and performance from the developing world—as suggested even from the preceding chapter case analysis of the conjoined M&A and CSR development of the now global emerging markets Arabian Gulf firm, Agility.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Agility. (2016). CSR report 2016: Deepening Impact.
ArcelorMittal. (2018). ArcelorMittal sustainable development—Our 10 outcomes. Retrieved October 28, 2018, from https://corporate.arcelormittal.com/sustainability
Bartlett, C. A., & Ghoshal, S. (1989). Managing across borders: The transnational solution. Boston, MA: Harvard Business School Press.
Brammer, S., Jackson, G., & Matten, D. (2012). Corporate social responsibility and institutional theory: New perspectives on private governance. Socio-Economic Review, 10(1), 3–28.
Colman, H. L., & Rouzies, A. (2018). Postacquisition boundary spanning: A relational perspective on integration. Journal of Management. https://doi.org/10.1177/0149206318759400
Cuervo-Cazurra, A., & Narula, R. (2015). A set of motives to unite them all? Multinational Business Review, 23(1), 2–14.
DiGiuseppe, M., & Shea, P. E. (2016). Borrowed time: Sovereign finance, regime type, and leader survival. Economics and Politics, 28(3), 342–367.
EcoVadis. (2018). EcoVadis CSR risk and performance index and sustainability ratings. Retrieved October 29, 2018, from https://www.ecovadis.com/ and https://www.ecovadis.com/ecovadis-second-annual-csr-performance-index/
Geely. (2018). Zhejiang Geely Holding Group—Geely Corporate Social Responsibility. Retrieved October 29, 2018, from http://www.zgh.com/corporate-social-responsibility
Global Reporting Initiative. (2018). GRI sustainability reporting. Retrieved October 20, 2018, from https://www.globalreporting.org/Pages/default.aspx and https://www.globalreporting.org/information/sustainability-reporting/Pages/default.aspx
Gould, A., Barry, M., & Wilkinson, A. (2015). Varieties of capitalism revisited: Current debates and possible directions. Relations Industrielle, 70(4), 587–620.
Hall, P. A. (2015). Varieties of capitalism. In R. Scott & S. Kosslyn (Eds.), Emerging trends in the social and behavioral sciences. New York: Wiley.
IMF. (2018). World Economic Outlook–GDP–Based on PPP and share of the world. Retrieved October 5, 2018, from https://www.imf.org/external/datamapper/PPPSH@WEO/OEMDC/ADVEC/WEOWORLD
Jaguar. (2018). Jaguar Global CSR. Retrieved October 29, 2018, from https://www.jaguar.co.uk/about-jaguar/responsibility/global-csr/index.html
Keister, L. A. (2004). Capital structure in transition: The transformation of financial strategies in China’s emerging economy. Organization Science, 15(2), 145–158.
Khan, S. A., Al-Maimani, K. A., & Al-Yafi, W. A. (2013). Exploring corporate social responsibility in Saudi Arabia: The challenges ahead. Journal of Leadership, Accountability and Ethics, 10(3), 65–78.
Land Rover. (2018). Corporate social responsibility initiatives—Land Rover USA. Retrieved October 29, 2018, from https://www.landroverusa.com/our-story/social-responsibility/index.html
Lenovo. (2017). Lenovo-making a difference—2017–2018 sustainability report. Retrieved October 25, 2018, from https://www.lenovo.com/us/en/social_responsibility/sustainability_reports/
Lessard, D., Teece, D. J., & Leih, S. (2016). The dynamic capabilities of meta-multinationals. Global Strategy Journal, 6(3), 211–224.
Liu, Y., & Woywode, M. (2013). Light-touch integration of Chinese cross-border M&A: The influences of culture and absorptive capacity. Thunderbird International Business Review, 55(4), 469–483.
Lynch, R., & Jin, Z. (2016). Knowledge and innovation in emerging market multinationals: The expansion paradox. Journal of Business Research, 69(5), 1593–1597.
Marchand, M. (2017). Do all emerging-market firms partner with their acquisitions in advanced economies? A comparative study of 25 emerging multinationals’ acquisitions in France. Thunderbird International Business Review, 59(3), 297–312.
Miska, C., Witt, M. A., & Stahl, G. K. (2016). Drivers of global CSR integration and local CSR responsiveness: Evidence from Chinese MNEs. Business Ethics Quarterly, 26(3), 317–345.
MSCI. (2018). MSCI announces the results of its annual market classification review, published June 20, 2018. Retrieved October 25, 2018, from https://www.msci.com/market-classification
Mudambi, R., Piscitello, L., & Rabbiosi, L. (2014). Reverse knowledge transfer in MNEs: Subsidiary innovativeness and entry modes. Long Range Planning, 47(1/2), 49–63.
Musacchio, A., Lazzarini, S. G., & Aguilera, R. V. (2015). New varieties of state capitalism: Strategic and governance implications. Academy of Management Perspectives, 29(1), 115–131.
OECD. (2018). Ratification of the treaty for the OECD. Retrieved October 20, 2018, from http://www.oecd.org and http://www.oecd.org/about/membersandpartners/list-oecd-member-countries.htm
Park, K. M., Meglio, O., Bauer, F., & Tarba, S. (2018). Managing patterns of internationalization, integration, and identity transformation: The post-acquisition metamorphosis of an Arabian Gulf EMNC. Journal of Business Research, 93, 122–138.
Park, K. M., & Meglio, O. (2019). Playing a double game? Pursuing innovation through ambidexterity in an international acquisition program from the Arabian Gulf Region. R&D Management, 49(1), 115–135. https://doi.org/10.1111/radm.12361
Park, K. M., Meglio, O., & Schriber, S. (2019). Building a global corporate social responsibility program via mergers and acquisitions: A managerial framework. Business Horizons, available online at https://doi.org/10.1016/j.bushor.2019.01.006.
PWC. (2017). The long view: How will the global economic order change by 2050? By John Hawksworth, published February 2017. Retrieved October 20, 2018, from https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html
Rathert, N. (2016). Strategies of legitimation: MNEs and the adoption of CSR in response to host-country institutions. Journal of International Business Studies, 47(7), 858–879.
SWFI. (2016). Sovereign wealth fund rankings—Largest sovereign wealth funds by assets under management, Sovereign Wealth Fund Institute. Retrieved November 14, 2016, from http://www.swfinstitute.org/sovereign-wealth-fund-rankings/.
Tata Group. (2018). Tata Sustainability Group–Sustainability at Tata–Sustainability Policy. Retrieved October 29, 2018, from http://www.tata.com/sustainability/articlesinside/corporate-social-responsibility
Tata Motors. (2018). Tata Motors Corporate Social Responsibility Programmes. Retrieved October 28, 2018, from https://www.tatamotors.com/corporate-social-responsibility/
Thomas, C. (2018). Global economic power struggle: Emerging vs developed markets, published online April 9, 2018. Retrieved October 21, 2018, from https://www.seeitmarket.com/global-economic-power-struggle-emerging-developed-markets-17829/
Varadarajan, R., & Kaul, R. (2018). Doing well by doing good innovations: Alleviation of social problems in emerging markets through corporate social innovations. Journal of Business Research, 86, 225–233.
Volvo. (2018). Volvo Group CSR and sustainability. Retrieved October 28, 2018, from https://www.volvogroup.com/en-en/about-us/csr-and-sustainability.html
Weber, M. (1922/1947). The theory of social and economic organization. Glencoe, IL: Free Press.
World Bank. (2018). Global Economic Prospects: Broad-based upturn but for how long? Retrieved October 20, 2018, from http://www.worldbank.org/en/publication/global-economic-prospects
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Park, K. (2019). CSR and M&As in Developed and Developing Economies. In: Strategic Decisions and Sustainability Choices. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-05478-6_8
Download citation
DOI: https://doi.org/10.1007/978-3-030-05478-6_8
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-05477-9
Online ISBN: 978-3-030-05478-6
eBook Packages: Business and ManagementBusiness and Management (R0)