Purpose: In this viewpoint, the author critically aims to examine the papers by Sinkovics and Archie-Acheampong (2019, this issue) “The social value creation of MNEs – a literature review across multiple academic fields” and by Rygh (2019, this issue) “Social value creation by...

State interventions in markets assume varieties of forms in different economic systems. To capture this variety, we consider state capitalism as a multidimensional concept, first reviewing its historical evolution from both practical and scholarly vantages. We describe several dimensions of...

To encourage corporations to contribute positively to the environment in which they operate, voluntary self-regulatory codes (SRC) have been enacted and refined over the past 15 years. Two of the most prominent are the United Nations Global Compact and the Global Reporting Initiative. In this...

Global governance and nonmarket strategy are two important and interconnected subjects of international business scholarship. In this article, we introduce the special issue by first providing a brief review of recent trends in global governance and nonmarket strategy and summarizing some of the...

It is widely accepted that countries with sound formal and informal institutions create more robust environments for firm performance. However, due to the liabilities faced by firms without available slack and/or market power, we contend that institutions are especially important for new and...