Impact of institutional variables country of origin of multinational companies in financial performance

Abstract

This paper analyze the relationship between synthetic global indicators of CSR programs followed by international firms, their market value, and the capitalist (economic and institutional) model adopted by the country of origin of such firms. The CR indicators are picked out from performance-oriented indices that ask companies to comply with demanding requirements. The empirical analysis is based on a sample of 336 firms from 24 different countries.