Drawing on the “varieties of capitalism” literature, we develop an actor‐centered framework that explains firm‐level corporate social performance (CSP) by emphasizing the importance of considering owners' and other stakeholders' motives toward CSP—which can be instrumental, relational or moral—and their salience in the national institutional setting. Results from an international panel show that investment company (government) ownership has a stronger negative (positive) relationship with CSP in liberal markets, in which owners are the key stakeholder, as compared to coordinated markets, which counterbalance the interests of multiple stakeholders. Family and company ownership have weaker links to CSP across institutional settings. We discuss implications for research and practice and argue that CSP policies may hold more relevance in liberal rather than coordinated market economies.

中文翻译：

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企业社会绩效背后的压力：所有权和机构配置

我们借鉴“资本主义的多样性”文献，通过强调考虑所有者和其他利益相关者推动CSP动机的重要性，建立了一个以行为者为中心的框架，该框架解释了公司层面的公司社会绩效（CSP）。或道德–以及他们在国家机构环境中的显着性。国际专家小组的结果显示，与协调市场相比，投资公司（政府）的所有权在自由市场中与CSP具有更强的消极（正面）关系，在这种市场中，所有者是主要利益相关者，而协调市场则抵消了多个利益相关者的利益。在整个机构环境中，家族和公司所有权与CSP的联系较弱。