University of Oulu

Zahoor, N., Lew, Y. K., Arslan, A., Christofi, M., & Tarba, S. Y. (2023). International corporate social responsibility and post-entry performance of developing market INVs: The moderating role of corporate governance mechanisms. Journal of International Management, 101036.

International corporate social responsibility and post-entry performance of developing market INVs : the moderating role of corporate governance mechanisms

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Author: Zahoor, Nadia1; Lew, Yong Kyu2; Arslan, Ahmad3;
Organizations: 1School of Business and Management, Queen Mary University of London, London E1 4NS, United Kingdom
2HUFS Business School, Hankuk University of Foreign Studies, 107, Imun-ro, Dongdaemun-gu, Seoul 02450, South Korea
3Department of Marketing, Management & International Business, Oulu Business School, University of Oulu, Erkki Koiso-Kanttilan katu, 90570 Oulu, Finland
4School of Management and Economics, Cyprus University of Technology, 30 Archbishop Kyprianos Street, 3036 Limassol, Cyprus
5The Department of Strategy and International Business, University of Birmingham, B15 2TT, UK
Format: article
Version: accepted version
Access: embargoed
Persistent link:
Language: English
Published: Elsevier, 2023
Publish Date: 2025-05-05


Building on the stakeholder, agency, and resource dependence theories; this paper investigates the role of international corporate social responsibility (CSR) for the post-entry performance of developing market international new ventures (INVs) in the presence of corporate governance mechanisms to overcome their agency and environmental problems. We test and validate the conceptual model using survey data collected from 110 INVs operating in the developing market of Pakistan. Our results show that international CSR promotes the post-entry performance of developing market INVs. Further, we found that this association is moderated by corporate governance mechanisms of ownership, board independence, and returnee board members. Specifically, the relationship between international CSR and post-entry performance is weaker when ownership is concentrated but stronger when outsider and returnee board members are present in developing market INVs. The findings of this study have important theoretical and practical implications for INVs’ social strategies and international performance contingent upon corporate governance.

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Series: Journal of international management
ISSN: 1075-4253
ISSN-E: 1873-0620
ISSN-L: 1075-4253
Article number: 101036
DOI: 10.1016/j.intman.2023.101036
Type of Publication: A1 Journal article – refereed
Field of Science: 512 Business and management
Funding: This research was supported by Queen Mary University of London. This research was supported by Hankuk University of Foreign Studies Research Fund.
Copyright information: © 2023. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http:/