Comparing domestic- and foreign-owned firms in Germany, this paper finds that foreignowned
firms are more likely to focus on short-term profit. This influence is particularly strong
if the local managers of the German subsidiary are not sent from the foreign parent company.
Porter and Kramer's Creating Shared Value framework was recently called
into question in a stinging attack in this journal. Recognizing that CSV
shines as a managerial framework around "win-win" business and society
issues—"A cases"—we argue that CSV leaves managers ill-equipped...