This paper identifies factors that may lead transnational companies to support transnational regulation in order to level the field between themselves and their rivals when they confront an uneven field produced by either public regulation or private governance. Transnational regulation offers these companies a means to reduce competitive losses by distributing compliance costs to rivals. Differential regulation is necessary but insufficient to result in corporate advocacy for an international agreement or other forms of transnational regulation. Instead, other factors influence the strength or weakness of those preferences for transnational regulation, such as (i) the extent of global footprint, (ii) the net gain or loss resulting from heightened compliance costs, (iii) targets and mechanisms for regulatory change, (iv) market participant profiles, (v) stakeholder characteristics, and (vi) a company’s susceptibility to private governance.

中文翻译：

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通过跨国监管拉平领域

本文确定了可能导致跨国公司支持跨国监管的因素，以便在它们面临由公共监管或私人治理产生的不平衡领域时，在它们与竞争对手之间拉平领域。跨国监管为这些公司提供了一种通过将合规成本分配给竞争对手来减少竞争损失的方法。差异化监管是必要的，但不足以导致企业倡导国际协议或其他形式的跨国监管。相反，其他因素会影响这些偏好的跨国监管的强弱，例如 (i) 全球足迹的范围，(ii) 合规成本增加导致的净收益或损失，(iii) 监管变革的目标和机制,