Abstract:
This study examined the environmental and social pillar scores as possible determinants of the scope of internationalization of EMNEs. Also, the moderating effect of institutional distance on these determinants was tested. Data was used from 276 Emerging Market Multinational Enterprises from 22 different emerging countries. A multiple regression analysis was used to test the mentioned effects. No significant effects were found during this study. However, a great deal of these found insignificant effects are explained by the relative novelty of scores on ESG criteria and its still marginal global coverage.
