Browsing by Subject "multinational corporation"

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  • Joutsenvirta, Maria; Vaara, Eero (Scandinavian Journal of Management (2009) 25, 85—96, 2009)
    Despite the central role of legitimacy in corporate social responsibility debate, little is known of subtle meaning-making processes through which social actors attempt to establish or de-establish legitimacy for socially contested corporate undertakings, and through which they, at the same time, struggle to define the proper social role and responsibility of corporations. We investigated these processes in the context of the intense socio-political conflict around the Finnish forest industry company Metsa¨-Botnia’s world-scale pulp mill in Uruguay. A critical discursive analysis of Finnish media texts highlights three types of struggle that characterized the media coverage: legalistic argumentation, truth fights, and political battles. Interestingly, this case illustrates how the corporate representatives — with the help of the national media — tend to frame the issue in legalistic terms, emphasize their expert knowledge in technical and environmental evaluations, and distance themselves from political disputes. We argue that similar tendencies are likely to characterize corporate social responsibility debates more generally.
  • Lesyk, O. (Helsingin yliopisto, taloustieteen laitos, 2005)
  • Peltokorpi, Vesa (Hanken School of Economics, 2014)
    This paper focuses on the multi-faceted role of language and language-sensitive recruitment processes in knowledge transfer in multinational corporations (MNCs). In particular, we develop a framework that helps to better understand how language-sensitive recruitment is related to competence, networks, identity and power. We started by conducting a qualitative interview-based study of 101 MNC subsidiaries. This analysis elucidates the productive and counterproductive effects of language-sensitive recruitment on knowledge transfer related to communication competence, networks, identity, and power. To further understanding of the productive and counterproductive effects, we conducted a quantitative study in 285 MNC subsidiaries. We found an inverted U-shaped relationship between language-sensitive recruitment and knowledge transfer. Together, these two studies provide a better understanding of the multifaceted and at times counterintuitive implications of language-sensitive recruitment on knowledge transfer in MNCs. By elucidating these effects, this paper contributes to the stream of research examining the role of language in MNCs and international business more generally. It also adds to research on MNC knowledge transfer that to date has focused little attention on language. By elaborating on the potential unintended consequences of language-sensitive recruitment, this paper also has implications on international human resource management research.
  • Koveshnikov, Alexei (Svenska handelshögskolan, 2014)
    Economics and Society – 278
    Multinational corporations (MNC) are often presented as powerful but ‘faceless’ institutional actors that shape the world we live in. However, we have lately seen increasing interest in actual ‘faces,’ that is the key actors, behind the MNC’s functioning in relation to the cases of fraud and bankruptcy that, together with other factors, led to the severe financial crisis at the end of 2000s. The cases of Enron and Lehman Brothers easily come to mind. It raised concerns that power abuses and tricky political games developing and proliferating within MNCs can have tremendous corporate as well as societal impacts and consequences. Yet, as of now, the micro-level power and political relations between actors in MNCs and their implications, i.e. what I call in this thesis ‘micro-politics,’ are seldom examined. Moreover, neither is the role that the institutional, cultural and sociopolitical contexts play in these micro-political relations among actors within MNCs sufficiently understood. Against this background, in this thesis I attempt to give ‘a face’ to the MNC. That is, I apply a number of ideas from comparative institutional theory, social cognition and translation studies to examine micro-political aspects of the interactions between organizational actors in MNCs that determine how these corporations function both on day to day basis and in a longer run. By so doing, I strive to offer a more nuanced, contextualized, and actor-focused sociological understanding of power and political interactions among organizational actors within the MNC. It is important to study and comprehend these processes in order to better explain them and to some extent control them.
  • Tang, Xiaona (2008)
    This paper explores optimal hedging policies for multinational corporations that have flexible production sourcing and financial hedging capability. The sources of risk examined are exchange rate movements and uncertain foreign currency cash flow, and th firm's aim is to hedge such risk exposure, and at the same time to maximize its firm value. The objective of this paper is to find the optimal hedging policies - what, how, and when should a multinational corporation implement financial and/ or operational hedging, and to what extent should each type of hedging policy be. Following Mello, Parsons and Triantis (1995), and Chowdhry and Howe (1999), the firm's ability to exploit its competitive position depends on the degree to which its flexibility is matched by the construction of an appropriate hedging strategy. The firm's need for hedging is directly related to the degree of production flexibility, and the production plan it chooses is a function of the hedging strategy it employs. Multinational corporations will engage in operational hedging only when both exchange rate uncertainty and demand uncertainty are present. Operational hedging is less important for managing short-term exposures, as demand uncertainty is lower in short term; also operational hedging is less important for commodity-based firms, which face price but not quantity uncertainty. Multinational corporations are likely to use financial instruments to a greater extent to hedge short term exposure and rely on operational hedging more heavily to hedge long term risk. The optimal financial hedging policy cannot be implemented with forward contracts alone, but with foreign currency call and put options and forward contracts together.