Corporate social responsibility and corporate financial performance: economic growth implications for oil-rich developing countries

Adams, K. (Speaker), Dawda Adams (Speaker), Rexford Attah-Boakye (Speaker), Waymond Rogers (Speaker)

Activity: Talk or presentation typesOral presentation

Description

The surge in economic growth in the global-north vis-a-vis social and economic inequalities in the global-south (north-south dichotomy) has led to critical research and policy implications for human right considerations in emerging economies. This paper draws on the convergence and institutional theories to understand how and the extent to which these theories motivate multinational corporation’s (MNCs) capitalist ideologies to fulfil their profit maximisation agenda; how and the extent to which these together produce human right violations in emerging economies. Using multiple data sources from the Human Rights Watch, our study provides a comprehensive list of various human right violations committed by MNCs in emerging economies from 2002 - 2017. We uncovered 273 violations committed by 160 MNCs mostly from developed countries. More than 90% of our sample firms have CSR/sustainability committees, are signatories to the UN Global Compact and have reported compliance with International Labour Organization (ILO). This raises questions about the effectiveness of these programmes. We contribute to the CSR/sustainability literature by providing new insights about the nature and location of human right abuses committed by MNCs.
Period6 Aug 2019
Event titleAIB Africa Conference 2019
Event typeConference
LocationKumasi, Ghana
Degree of RecognitionInternational