Investigating Institutional,Economic and Social Determinants of European Regions for Firm Growth Through Employment Generation

This paper examines the influence of the institutional, economic and social characteristics of a region on firm growth through employment generation across 14 European countries for the time period 2010–2013. Theoretically, we utilize the resource‐based view alongside insights from institutional theory to develop a conceptual framework that captures the influence of regional characteristics on firm employment growth. Based on this framework, our empirical results indicate that not only does firm growth depend on the firm‐specific characteristics found in the literature, but regional attributes also significantly impact firm growth in a heterogeneous way for different firm types. In line with the heterogeneous nature of firm growth, our results point to significant differences in the influence of institutional, economic and social characteristics on firm growth in different‐sized groups and across different rates of growth distribution. The implications of our study suggest the importance of managers and policy‐makers realizing which firms are mostly expected to benefit from the external environment, and which in turn can be planned via tailored policy reform by regional governments and firm‐level strategy‐making by managers.     

Corporate social responsibility and multinational enterprise identity: insights from a mining company's attempt to localise in Ghana

ABSTRACT

This paper investigates how a US gold mining multinational enterprise (MNE) – one of the world's largest – operates its subsidiaries in various parts of the world by creating a unique ‘glocal identity’. The US parent company has experienced several significant challenges across its network of subsidiaries. These challenges were mostly linked to the enforcement of the MNE's identity and culture in its host environment. We contribute by describing, in detail, the attempts made by this company to localise its corporate social responsibility practices in Ghana as it sought to gain legitimacy and create an identity that would overcome the issues relating to the liability of foreignness. Our data come from a combination of sources, including questionnaires and detailed semi-structured interviews conducted with the key management employees of the mining company, members and opinion leaders of the company's host communities, and secondary sources. Our main finding is that the construction of a ‘host-friendly’ identity was centred around the mining company's involvement with the Newmont Ahafo Development Foundation.