The relationship between public listing, context, multi-nationality and internal CSR

Are MNEs more socially responsible, and where is this more likely to occur? Are rms less responsible in emerging or transitional economies, and what impact does the dominant national corporate governance regime have? We explore the association between public listing and the existence of a CSR code within speci c institutional settings and assess whether MNEs are any di erent to their local counterparts, based on an internationally comparative survey. We nd that listed rms as well as rms from civil law countries are more likely to have CSR statements. MNEs are also more likely to have CSR statements, independent of their country of origin. While we nd consistent evidence of a correlation between the existence of a CSR statement and investment in sta training, the correlation between the former and employee-friendly HRM is weaker.