Multinational enterprises and climate change: Exploring institutional failures and embeddedness

• 成果类型: Article
• 署名作者: Pinkse, Jonatan; Kolk, Ans
• 署名单位: University of Amsterdam; Grenoble Ecole Management
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/jibs.2011.56
• 发表日期: 2012
• 页码: 332-341
• 关键词: theory of FDI and the MNE; sustainability; business and the environment; institutions; climate change; multinationals

摘要

This paper explores how climate change affects multinational enterprises (MNEs), focusing on the challenges they face in overcoming liabilities and filling institutional voids related to the issue. Climate change is characterized by institutional failures, because there is neither an enforceable global agreement nor a market morality. Climate change is also a distinctive international business issue, as its institutional failures materialize differently in different countries. As governments are still highly involved, MNEs need to consider carefully their strategies to cope with non-market forces, including their embeddedness in multiple institutional settings. Using some illustrative examples of MNE responses to climate-related components in stimulus packages, we explore MNEs' balancing act concerning their institutional embeddedness (or lack thereof) in home, host and supranational contexts as input for further research on the dynamics of MNE activities in relation to climate change. Journal of International Business Studies (2012) 43, 332-341. doi:10.1057/jibs.2011.56