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The purposes of this paper are: to examine the adoption of corporate social responsibility (CSR) strategies related to environment protection by Chinese state oil companies; and to analyze the effects of global competitions and cooperation on the CSR adoption processes.

Based on a content analysis of 58 corporate reports and three interviews with senior managers from Chinese-Western joint ventures, the authors analyzed the environmentally-related CSR adoption strategies and the effects of global competition and cooperation in Chinese state oil companies.

The findings suggest that more cooperative CSR strategies related to environment protection have been adopted by Chinese state oil companies in the past decade. The main reasons are: the force of international and local environmental regulations; the pressures from partners of western oil companies and the desire to increase the global competitive advantage of the Chinese state oil companies.

Given that this study is based only on the analysis of corporate reports and three interviews, the authors' conclusions should be considered preliminary and inconclusive. Future studies should be done to collect more primary data by interviewing and surveying by questionnaire a significant number of managers from these companies to validate these conclusions.

This paper highlights the adoption of CSR strategies by three Chinese state oil companies and the effects of global operations which have been little studied academically so far.

This study aims to investigate the determinants of localised corporate social responsibility (LCSR) activities in Pakistan. The present study explores factors influencing the corporate sector to promote the welfare of local areas where the company has located its manufacturing plants.

The authors selected 100 companies listed on the Pakistan Stock Exchange. Data were collected from the companies’ financial reports issued from 2012 to 2017 (N = 700). The authors analysed the data using fixed- and random-effects regression models to test the factors influencing LCSR activities.

The findings indicate that directors’ ancestry significantly enhances LCSR. This implies that boards with a greater number of directors whose names indicate their relevant ancestry are more likely to engage in LCSR. Moreover, environmental-protection activity by the corporate sector promotes LCSR initiatives. However, Pakistan’s corporate sectors are not promoting the essential aspects of their workers’ welfare, e.g. health and education.

The present study was limited to the directors’ ancestry, environmental corporate social responsibility (CSR), CSR for factory workers and donation. Other factors, such as culture and language, may play an important role in determining LCSR.

The results suggest that the Security and Exchange Commission of Pakistan should emphasise the importance of LCSR to develop rural areas and devise meaningful policy for CSR. These findings provide substantial evidence that regulators and policymakers should encourage the inclusion of LCSR by firms listed on the stock exchange to increase environmental protection through CSR policy.

To the best of the authors’ knowledge, this study is the first to explore the determinants of LCSR. Moreover, the present study investigates for the first time the influence of directors’ ancestry on rural development in any of Asia’s developing countries, including Pakistan. The findings of this study contribute theoretically and empirically to the literature.

In the spring of 1995, the Electronics Bureau of Shanghai [Shanghai Dianziju] changed its name to “Shanghai Electronics State-Owned Asset Management Company” [Shanghai dianzi guoyou zichan jingying gongsi]. As one official in the former Bureau explained, it had changed its name and its function: It was no longer set up to “govern” or “manage” [guan] Shanghai's electronics sector; instead it was now an asset management company whose function was to manage the assets of the firms that it owned.¹ At the time, the transformation seemed purely cosmetic. Calling itself an asset management company instead of a government bureau was one thing, but actually acting like an asset management company was quite another. Would firms under this former Bureau be any more productive as a result of the change? Would the work-life experiences of the people actually working in these firms change at all as a result?

Economic sanctions imposed by the EU and United States on Russia have brought significant changes into Russian foreign economic policy, in particular leading to deepening cooperation with Asian countries and China in particular. The present contribution aims to shed light on the influence of sanctions on Russian multinational enterprises (MNEs) internationalization toward China using the example of energy and information and communication technology (ICT) industries.

The chapter builds on case study analysis. The choice of sectors allows us to highlight the recent strategic trends in the internationalization of oil and gas industry, dominated by state-owned multinationals, and in ICT by privately owned companies.

Our results provide empirical data for understanding the influence of sanctions on MNEs from the country being under the sanctions. In the case of Russian oil and gas industry and ICTs, research indicates that the shift toward China was not initiated primarily by the sanctions. In both cases, expansion to Asian markets was correlated with business interests in the Chinese market. However, changes in geopolitical and macroeconomic business environment accelerated Russian MNE’s pivot to China, for the purposes of attracting capital and reaching new markets in context of deteriorating relations with western partners. The cases demonstrate a moderating role of the industry in the context of sanctions, helping compensate for the slowdown of economic relations with traditional partners.

The novelty of the chapter is to delineate the consequences of sanctions on MNEs from the country being under sanctions. In this way, it illustrates the role of geopolitical environment in intensifying internationalization of Russian MNEs toward China.