“…However, despite all the progress made to date investigating how corporations have responded to different institutional demands (e.g., Bertels & Lawrence, ; Herold, Farr‐ Wharton, Lee, & Groschopf, ), little research has explored how institutional forces influence company level CSR actions (Cobb, Wry, & Zhao, ; Tolmie, Lehnert, & Zhao, ; Young & Makhija, ) and individual level leadership rationale (Roberts, ). There has also been little exploration of the topic from different perspectives (e.g., Greenwood, Díaz, Li, & Lorente, ; Lane & Devin, ; Thornton, Ocasio, & Lounsbury, ) and in different contexts (Ferreira, Jabbour, & Jabbour, ; Gunarathne & Lee, ), such as the context of developing countries, where the institutional environmental conditions are rather unstable compared with those in developed countries (Dobers & Halme, ; Hayes & Rajao, ; Singh, Pattnaik, Gaur, & Ketencioglu, ).…”