This article examines how different international diversification strategies impact the legitimacy challenges multinationals face and the way they manage their corporate and social responsibilities. Analyzing these questions in a sample of companies in extractive industries, we find that those who pursue resource-seeking investments that involve locating extraction operations overseas respond with the largest improvement in their corporate-level social performance (CSP). Those pursuing efficiency-seeking by establishing processing subsidiaries abroad increase their CSP less, with the smallest increase for those pursuing market-seeking through marketing and sales operations overseas. For each type of activity established overseas, the increase in CSP becomes greater the more developed the company's home country and the larger its international footprint, but is not dependent on the host country's level of development. These findings suggest that, in today's globalized world, the legitimacy challenges that result from subsidiaries' activities increasingly need to be managed at a global, corporate level.

中文翻译：

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采掘业跨国公司的国际多元化、合法性和企业社会绩效

本文探讨了不同的国际多元化战略如何影响跨国公司面临的合法性挑战以及它们管理企业和社会责任的方式。通过对采掘业公司样本分析这些问题，我们发现那些寻求资源的投资涉及将采掘业务定位在海外，他们的企业级社会绩效 (CSP) 改善最大。通过在国外设立加工子公司追求效率的CSP增加较少，通过海外营销和销售业务追求市场的增长最小。对于在海外开展的每种活动，公司越发达，CSP 的增加就越大。的母国和更大的国际足迹，但不依赖于东道国的发展水平。这些发现表明，在当今全球化的世界中，由子公司活动引起的合法性挑战越来越需要在全球企业层面进行管理。