Resumen de Environmentally responsible management of MNE subsidiaries: stakeholder perspective
Purpose - The purpose of the study is to empirically analyze the extent of the impact stakeholders� pressure has as a determinant of multinational enterprises' (MNEs) local environmentally responsible management (ERM), aiming to contribute to the interlocution with stakeholders and ERM strategy establishment of MNE subsidiaries.
Design/methodology/approach - To identify key stakeholders, we used ordinary least squares (OLS) regression analysis. The data was collected from 300 foreign subsidiaries established by Korean MNEs from August to December 2012.
Findings - The results show the parent company (as a major internal stakeholder) and government, NGOs and media (as external stakeholders) are major factors that promote ERM by subsidiaries. We suppose that stakeholder theory provides a comprehensive understanding about stakeholders� pressure as a force to engage overseas subsidiaries with environmental responsibility.
Originality/value - Our research contributes to environmental and international business literature by investigating antecedents of ERM of overseas subsidiaries. We use a stakeholder perspective as an overarching theory in order to develop an ERM framework.
