This study examines the relationships between an important market strategy (international diversification) and corporate environmental responsibility disclosure (CERD), a nonmarket strategy. We rely on institutional theory and the stakeholder perspective and hypothesize a positive relationship between international diversification and CERD. We also hypothesize a direct effect of performance-based cultural practices (PBC) and socially supportive cultural practices (SSC), derived from the GLOBE culture database on CERD and its moderating effect on the international diversification – CERD link. The sample includes 335 large Multinational enterprises (MNEs) from 31 countries then distributed among three corporate social responsibility (CSR) regimes: European, Anglo-Saxon, and Asian and emerging markets. The results show support for the hypothesized relationships between international diversification strategies and CERD and that the direction of the relationship varies by region of the world. We find significant support for the moderating role of national cultural practices on the international diversification-environmental disclosure links.

中文翻译：

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国家文化实践对国际多元化战略与企业环境责任披露关系的调节作用


本研究探讨了重要的市场战略（国际多元化）与企业环境责任披露（CERD）（一种非市场战略）之间的关系。我们依靠制度理论和利益相关者的视角，假设国际多元化与消除种族歧视委员会之间存在正向关系。我们还假设基于绩效的文化实践（PBC）和社会支持性文化实践（SSC）的直接影响，这些文化实践源自关于 CERD 的 GLOBE 文化数据库及其对国际多元化 - CERD 链接的调节作用。样本包括来自 31 个国家的 335 家大型跨国企业 (MNE)，然后分布在三个企业社会责任 (CSR) 体系中：欧洲、盎格鲁-撒克逊、亚洲和新兴市场。结果支持了国际多元化战略与消除种族歧视委员会之间假设的关系，并且这种关系的方向因世界地区而异。我们发现国家文化实践在国际多元化与环境披露关系中的调节作用得到了重要支持。