University of Oulu

Ferraris, A., Golgeci, I., Arslan, A., & Santoro, G. (2023). Understanding the link between subsidiary CEOs and corporate social responsibility in emerging markets: Moderating role of social capital. Business Ethics, the Environment & Responsibility, 00, 1–14.

Understanding the link between subsidiary CEOs and corporate social responsibility in emerging markets : moderating role of social capital

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Author: Ferraris, Alberto1; Golgeci, Ismail2; Arslan, Ahmad3;
Organizations: 1Department of Management, School of Management & Economics, University of Turin, Turin, Italy
2Department of Business Development and Technology, School of Business and Social Sciences, Aarhus University, Herning, Denmark
3Department of Marketing, Management and International Business, Oulu Business School, University of Oulu, Oulu, Finland
Format: article
Version: published version
Access: open
Online Access: PDF Full Text (PDF, 0.5 MB)
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Language: English
Published: John Wiley & Sons, 2023
Publish Date: 2023-09-14


This paper analyzes the interlink among managerial experience, capabilities, and social capital in relation to corporate social responsibility (CSR) activities of multinational enterprises’ (MNEs) subsidiaries in an emerging market context. Based on the empirical sample of 104 subsidiaries of 28 Italian MNEs operating in India, we found that CEO managerial capabilities are positively associated with CSR activities. However, interestingly, our findings also show that subsidiary CEO (managerial) experience is negatively associated with CSR activities in emerging markets. Therefore, our study is one of the few that highlights the negative repercussions of experience in the context of CSR activities in emerging markets. Moreover, our findings show that while social capital alleviates the negative influences of CEO experience on CSR activities, it does not enhance the role of CEO managerial capabilities in CSR activities. As such, our study contributes to research on business ethics with a focus on sustainable development in business.

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Series: Business ethics, the environment & responsibility
ISSN: 2694-6416
ISSN-E: 2694-6424
ISSN-L: 2694-6416
Issue: Early View
DOI: 10.1111/beer.12598
Type of Publication: A1 Journal article – refereed
Field of Science: 512 Business and management
Copyright information: © 2023 The Authors. Business Ethics, the Environment & Responsibility published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made.