Forcadell Martínez, Francisco Javier Nájera Sánchez, Juan José Aracil Fernández, Elisa María Úbeda Mellina, Fernando Andrés 2025-11-12T15:19:23Z 2025-11-12T15:19:23Z 2025-11-03 2694-6416 https:doi.org10.1111beer.70043 http://hdl.handle.net/11531/107150 Artículos en revistas Multinational enterprises (MNEs) leverage strategies of Corporate Social Responsibility (CSR) at the parent and subsidiary levels to build a reputation overseas. Nevertheless, institutional distance can weaken this connection in developing host countries, where MNEs face significant institutional voids. We explore the mechanisms through which CSR enhances subsidiary reputation, focusing on how stakeholders in host developing countries perceive CSR signals sent from headquarters. We further explore the moderating role of formal and informal institutional distance in this relationship. Using a panel of MNEs headquartered in developed countries and operating across Latin America, we employ a multi-stakeholder indicator of the subsidiary reputation based on assessments from key host country stakeholders. The analysis controls for country, corporate, and subsidiary-level factors, including a variable derived from big data analytics. By examining the cross-country parent CSR signals and their subsidiary reputation effects, this study advances the international business literature, providing new insights into how institutional distance shapes the local reputational outcomes of parent CSR strategies. Multinational enterprises (MNEs) leverage strategies of Corporate Social Responsibility (CSR) at the parent and subsidiary levels to build a reputation overseas. Nevertheless, institutional distance can weaken this connection in developing host countries, where MNEs face significant institutional voids. We explore the mechanisms through which CSR enhances subsidiary reputation, focusing on how stakeholders in host developing countries perceive CSR signals sent from headquarters. We further explore the moderating role of formal and informal institutional distance in this relationship. Using a panel of MNEs headquartered in developed countries and operating across Latin America, we employ a multi-stakeholder indicator of the subsidiary reputation based on assessments from key host country stakeholders. The analysis controls for country, corporate, and subsidiary-level factors, including a variable derived from big data analytics. By examining the cross-country parent CSR signals and their subsidiary reputation effects, this study advances the international business literature, providing new insights into how institutional distance shapes the local reputational outcomes of parent CSR strategies. en-GB Revista: Business Ethics, the Environment & Responsibility, Periodo: 1, Volumen: En imprenta, Número: , Página inicial: 0, Página final: 0 Instituto de Investigación Tecnológica (IIT) So Good, but So Far Away? The Effect of Institutional Distance on the Parent CSR and Subsidiary Reputation Link info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/openAccess big data ; corporate social responsibility ; emerging countries ; ESG ; institutional distance ; institutions ; reputation big data ; corporate social responsibility ; emerging countries ; ESG ; institutional distance ; institutions ; reputation