Defining sustainability criteria for emerging market multinationals

Book chapter


Nachbagauer, A.G.M. and Waldhauser, B. 2019. Defining sustainability criteria for emerging market multinationals. in: Breinbauer, A., Brennan, L., Jäger, J., Nachbagauer, A.G.M. and Nölke, A. (ed.) Emerging Market Multinationals and Europe Switzerland Springer. pp. pp 125-142
AuthorsNachbagauer, A.G.M. and Waldhauser, B.
EditorsBreinbauer, A., Brennan, L., Jäger, J., Nachbagauer, A.G.M. and Nölke, A.
Abstract

Literature and practice in interregional competition to attract new companies generally overlooks the question of whether these organizations operate sustainably and whether any efforts in attracting them are sustainable in terms of long-term existence. It is thus necessary to consider not only an organization’s long-term commitment towards a specific location but also general criteria for sustainable organizations, such as economical, ecological and social sustainability. Furthermore, (regional) headquarters have to be held responsible for their subsidiaries and partners along the value chain. While classic location incentives can attract new regional headquarters in the short term, we argue that classic sustainability criteria such as transparency and stakeholder-orientation suggest investments with long-term orientation. This, in connection with considerations of internal corporate processes, leads the authors to the conclusion that soft location factors are more important in attracting sustainably operating, sustainable corporations than hard location factors. Consequent recommendations regarding regional policies include: understanding the organization’s history and carefully choosing who to approach; betting on long-term relationships and staying attractive with always-new offers; increasing sunk costs by supporting investments, trust and image.

Keywordssustainability; SDGs; UN-SDGs; corporations
Page rangepp 125-142
Year2019
Book titleEmerging Market Multinationals and Europe
PublisherSpringer
Place of publicationSwitzerland
Edition1
ISBN9783030312909
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-030-31291-6_8
Web address (URL)http://www.scopus.com/inward/record.url?eid=2-s2.0-85085455715&partnerID=MN8TOARS
https://link.springer.com/chapter/10.1007/978-3-030-31291-6_8
Output statusPublished
Publication dates2019
Publication process dates
Deposited26 May 2022
JournalEmerging Market Multinationals and Europe: Challenges and Strategies
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Related outputs

Standortkriterien zur nachhaltigen Ansiedlung von regionalen Headquartern
Nachbagauer, A. and Waldhauser, B. 2017. Standortkriterien zur nachhaltigen Ansiedlung von regionalen Headquartern. Austria University of Applied Sciences BFI Vienna.