Social value creation by multinational enterprises: The next “Big Question” for international business research?

Abstract

Purpose

This study aims to discuss an argument that the social value creation of multinational enterprises (MNEs), beyond creating economic value for the shareholders, could be the next “big question” for international business (IB) research. The authors also provide examples of promising research topics associated with this research agenda.

Design/methodology/approach

The paper is conceptual.

Findings

Although a new paradigmatic question for IB in terms of social value creation would lead IB outside familiar territory in terms of the previous focus on financial performance, IB scholars are well equipped to take on this broader question. IB scholars arguably have their key strengths in understanding the inner workings of firms, as well as in understanding the role of context for business. Moreover, to the extent that this new agenda requires IB scholars to acquire new capabilities and form new partnerships with relevant disciplines, this could contribute to revitalising the IB field. As illustrated by the suggested topics, such an agenda could both increase the relevance of IB research and contribute to theory development.

Originality/value

The paper is amongst the first to explore the notion that a broader view of the outcome of MNE activities, beyond MNEs’ own financial outcomes, should be a key goal of future IB research.

Citation

Rygh, A. (2020), "Social value creation by multinational enterprises: The next “Big Question” for international business research?", Critical Perspectives on International Business, Vol. 16 No. 1, pp. 47-75. https://doi.org/10.1108/cpoib-07-2017-0040