Global Corporate Social Responsibility Practices and Cultural Dimensions

摘要

Manufacturing companies cannot ignore social responsibility issues, such as the environment, pollution, recycling, waste reduction, and work place health and safety. Differences in global cultural norms mean that socially responsible policies must also differ to be effective in a particular culture. Using data from the Global Manufacturing Research Group, this study examines the extent to which firms make socially responsible investments and how such investments correlate to major cultural dimensions, as defined by Hofstede's indices: power distance, individualism, masculinity, uncertainty avoidance, and long-term orientation. Results can help guide managerial decision-making around the globe.