Title: Glocal corporate social responsibility and co-creation of shared values in the mining industry

Authors: João Leitão; Margarida Rodrigues; José Manuel Rodríguez-Carrasco

Addresses: University of Beira Interior, Department of Management and Economics, NECE - Research Center in Business Sciences, Estrada do Sineiro, 6200 209 Covilhã, Portugal; CEG-IST, Instituto Superior Técnico, University of Lisbon, Portugal ' University of Beira Interior (UBI), Covilhã, Portugal ' Universidad Nacional de Educación a Distancia (UNED), Facultad de Ciencias Económicas y Empresariales, Senda del Rey, 11, 28040 Madrid, Spain

Abstract: This paper studies how in mining multinationals the shareholders' perspective of the creation of economic value combines with social and environmental values in the perspective of the local community, following a glocal corporate social responsibility founded on a simultaneous exercise of shared values co-creation. To do so, a case study is presented about a mining subsidiary in Portugal, in two historical periods where changes in capital ownership and governance were recorded. The results show that from the shareholders' perspective, in the subsidiary studied, strict adherence to the host country's legislation was observed. From the local community's perspective, some social investment was found, but less than that expected by private and public entities at the local level.

Keywords: corporate social responsibility; co-creation; institutional theory; stakeholder theory; mines.

DOI: 10.1504/EJIM.2021.117517

European Journal of International Management, 2021 Vol.16 No.3, pp.384 - 407

Received: 08 Feb 2018
Accepted: 22 Mar 2018

Published online: 13 Sep 2021 *

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