This study aims to demonstrate how different country and industry-level variables affect the value-creating abilities of CSR initiatives. It contributes to the growing body of literature about CSR as it directly compares the moderating effects of the quality of country-level institutions with the moderating effects of the respective industry sector. The study amongst 3,670 firms in a sample period from 2006-2014 shows that CSR initiatives have a superior value-creating ability in environments with weak capital markets and country governance standards. Firms in controversial industry sectors have a superior ability to create value through CSR because they display a higher potential for reputational gains through CSR due to the nature of their business. The results of the study suggest a supremacy of country-level determinants over industry-level determinants of the CSR-firm value relationship.

This thesis aims to examine the internationalization of Swedish social entrepreneurs, with the purpose to acquire a more profound understanding of how social entrepreneurial supporting institutions influence their discovery of international opportunities, as well as their exploitation of the identified opportunities. The study is conducted with qualitative methodology and was conducted by examining the concept of Swedish social entrepreneurship carried out in an international context.