Business strategy and corporate responsibility: perception and practice in the oil industry and the role of non-governmental organisations

Ghalib, Asad K. and Agupusi, Patricia (2014) Business strategy and corporate responsibility: perception and practice in the oil industry and the role of non-governmental organisations. Journal of Business Economics and Management, 15 (5). pp. 951-963. ISSN 2029-4433

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Abstract

This paper examines the strategies for the implementation of corporate social responsibility of various multinationals, with a particular focus on the oil industry. The role of non-governmental organisations towards inducing a more responsible behaviour is explored. By drawing on literature and reflecting on documented actions of various multinational corporations, particularly from the extractive sector, we find a commonalty that cuts across the board: a considerable disparity exists between policies, strategies and actions that these organisations display in the interest of their inherent, short-term economic gains. Such gains jeopardize interests of both internal and external stakeholders as well as the environment especially in the developing world. We argue that the disparity in implementation can be linked to weak structural institutions and lack of ethical standards in most developing countries.

Item Type:	Article
Additional Information and Comments:	This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Business Economics and Management on 27 Nov 2014, available online: http://www.tandfonline.com/doi/abs/10.3846/16111699.2012.720591
Keywords:	corporate social responsibility, business strategy, non-governmental organisations, developing countries, oil industry, M14, O15, Q34, Q56, R11
Faculty / Department:	Faculty of Business, Law and Criminology > Liverpool Hope Business School
Depositing User:	Andrew Taylor
Date Deposited:	17 Oct 2016 15:15
Last Modified:	11 Feb 2018 22:06
URI:	https://hira.hope.ac.uk/id/eprint/1730

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