An enterprise that has subsidiaries in one or more countries distinct from that of the parent company, developing, as a result, an economic, social, diplomatic, commercial, institutional, legal or political infrastructure in order to produce goods or provide services. In addition, the parent company typically holds a minimum 10% stake in the foreign subsidiary.
Published in Chapter:
Analysis of the Ethical (and Aesthetic) Framework and Its Relation to Corporate Social Responsibility: The Case of the Textile Industry
Arturo Luque (Universidad Tecnológica Indoamérica Ambato, Ecuador & Euro-Mediterranean Observatory on Public Policies and Democratic Quality, Rey Juan Carlos University, Spain)
Copyright: © 2020
|Pages: 23
DOI: 10.4018/978-1-7998-1859-5.ch015
Abstract
The objective of this research is not to produce a treatise on corporate social responsibility (CSR), but to go to a deeper level, exploring its evolution, analyzing its context, and providing a snapshot of its application and deployment in the textile sector. This study analyzes the functioning of transnational textile companies and their relationship with a favorable regulatory framework, together with their adaptation to globalization processes designed to promote their interests. This sector is characterized by elevated levels of textile production that place great demand on resources, which in turn triggers effects on the markets, environment, and working conditions in the contexts in which they operate. The exploration of this new field of legal asymmetry is necessary in order to identify its implications and to generate certainty in a large part of society. The conclusion examines the future outlook and possible consequences of emerging developments in the transnational textile sector.