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Impact Of Corporate Social Responsibility On International Corporations As Exemplified By Broad Based Black Economic Empowerment In The Republic Of South Africa
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Book Synopsis Impact of Corporate Social Responsibility on International Corporations as Exemplified by Broad-Based Black Economic Empowerment in the Republic of South Africa by : Theresa Adamek
Download or read book Impact of Corporate Social Responsibility on International Corporations as Exemplified by Broad-Based Black Economic Empowerment in the Republic of South Africa written by Theresa Adamek and published by GRIN Verlag. This book was released on 2014-12-01 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2014 in the subject Law - Miscellaneous, grade: Summa Cum Laude, University of Vienna, language: English, abstract: This Master’s thesis examines the impact of “Corporate Social Responsibility” (CSR) on international corporations. Therefore, it extensively investigates this voluntarily concept, which focuses on the commitment to social, environmental and economic responsibility from different angles. At first, the paper analyses the conceptual development, as well as the different understandings of CSR and its demarcation from related terms. It describes in detail the common principles and guidelines underlying the concept of CSR as a legal basis and furthermore, it expands explicitly the main dimensions of CSR. The present study primarily aims to give an overview of the pros and cons of CSR and the impact of its implementation on international corporations. In the absence of an unanimously agreement, the discussion regarding this issue is still going on between corporations, interest groups, states and business institutions all over the world. Finally, this Master’s thesis particularly examines the approach to CSR in the Republic of South Africa as a currently significant emerging market. Due to the nation’s challenging historical background, its government launched a programme, namely the Black Economic Empowerment (BEE) and in further development the Broad-Based Black Economic Empowerment (B-BBEE), to redress the inequalities of apartheid. The study describes the development of these programmes and analyses the main issues of B-BBEE, such as content, enforceability and future amendments.
Book Synopsis Corporate Social Responsibility (CSR) and Black Economic Empowerment (BEE) in South Africa by :
Download or read book Corporate Social Responsibility (CSR) and Black Economic Empowerment (BEE) in South Africa written by and published by . This book was released on 2011 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Social Responsibility in Sub-Saharan Africa by : Stephen Vertigans
Download or read book Corporate Social Responsibility in Sub-Saharan Africa written by Stephen Vertigans and published by Springer. This book was released on 2015-12-21 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of corporate social responsibility and its development in Africa. It provides in-depth studies on 11 sub-Saharan countries, demonstrating that corporate social responsibility is forming and going through different stages of metamorphosis in the continent. Though corporate and individual attitudes towards sustainability in Africa still leave a lot to be desired, this book showcases how things are rapidly changing for the better in this regard. It demonstrates and provides evidence for the fact that corporate social responsibility contributes significantly to the way sub-Saharan African economies are being transformed, with service sectors expanding, commercial activities diversifying and industrial bases growing through the initiatives of small, medium and large organizations and innovators supported by widespread higher-education program rollouts. The book highlights how progressive and wide-ranging CSR approaches have emerged, and how much they differ from the obsolete approaches of the past, which promulgated negative stereotypes, marginalized communities and positioned them as victims or beneficiaries of development.
Book Synopsis Strategic Corporate Social Responsibility in Practice by : J. J. Asongu
Download or read book Strategic Corporate Social Responsibility in Practice written by J. J. Asongu and published by Greenview Publishing Co.. This book was released on 2007 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Price of Corporate Social Responsibility by :
Download or read book The Price of Corporate Social Responsibility written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since the demise of apartheid in South Africa, corporations have been encouraged to participate in the governmental goal of increasing corporate ownership by the black majority population. One vehicle that has arisen to help facilitate an increase in corporate ownership has been black economic empowerment (BEE) transactions. BEE transactions are essentially private placements of equity. Firms that have taken this socially activist position of selling portions of their equity, usually at a substantial discount, to black empowerment groups have received positive media attention in the name of "good corporate citizenship." This study investigates the market performance of these BEE transactions, specifically addressing three questions. The first question is whether BEE transactions create or destroy wealth. To address this question we use an event study methodology to calculate the cumulative abnormal returns (CARs) associated with public announcements of BEE transactions. The second question is whether specific types of BEE transactions did better or worse than others. We address this question by analyzing the cross-sectional variation in the CARs associated with public announcements of BEE transactions. The third question is whether firms that engage in BEE transactions experience negative post-announcement price performance. This last question is motivated by popular press accounts of the exploitation of black empowerment groups by white-owned South African corporations. To address this question, we test whether BEE transactions have benefited white corporate South Africa at the expense of the participating black empowerment groups."--Federal Reserve Bank of Atlanta web site.
Book Synopsis The Effect of Corporate Social Responsibility on Sustainable Business by : Lilian Rebeccah Akullo
Download or read book The Effect of Corporate Social Responsibility on Sustainable Business written by Lilian Rebeccah Akullo and published by GRIN Verlag. This book was released on 2020-04-23 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: B, , course: Executive MBA, language: English, abstract: The thesis investigated the effect of Corporate Social Responsibility on sustainable business in Uganda taking a case of the Uganda Revenue Authority (URA). It is derived from the fact that many organizations are seeking better ways of increasing their efficiency and effectiveness in order to remain competitive. Various ways have been advanced and one that is steadily gaining popularity today is Corporate Social Responsibility (CSR). The objectives of the work included to examine the contribution of CSR initiatives on overall business sustainability, to establish whether staff of URA have knowledge about CSR and whether URA derives benefits from CSR. Data was collected from a sample of 62 randomly selected respondents using a structured questionnaire and by in-depth key informant interviews; all in Kampala, Uganda. Their views were also used as a basis for soliciting recommendations on the best ways of improving CSR not only in URA but also other corporations. A socially responsible company should supersede its main objective of maximizing its shareholders’ wealth. It extends its mandate by undertaking social and environmental activities in society within which it carries out its operations through initiatives such as environment conservation, improving the quality of life of its employees and society in general and also being transparent in its business operations. More stakeholders are being drawn towards socially responsible companies because of these initiatives. As organizations struggle to remain competitive within their respective industries while at the same time addressing their long term corporate objectives, they need to be able to incorporate certain values and initiatives of corporate social responsibility into their strategic objectives if they are to further gain competitive advantage. A lot of debate has gone on about whether a company’s social image contributes to its attainment of corporate objectives. The work therefore sought to establish whether CSR has an effect on business operations and performance.
Book Synopsis Corporate Social Responsibility in Developing Countries by :
Download or read book Corporate Social Responsibility in Developing Countries written by and published by Springer Nature. This book was released on 2023 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines corporate social responsibility theories and models in the context of developing countries. The developing countries are amongst the poorest countries of the world despite vast natural resources. The natural resources are mismanaged, proceeds are misappropriated, corruption and conflict are centered on resource control. Governments and Multinational Corporations (MNCs) are at the centre of the controversy of corporate social responsibility (CSR) in the affected countries. Moreover, the lack of systems, procedures and legislation to enforce CSR has led to environmental degradation and a decline in business ethics and morality. This book analyses Corporate Social Responsibility in developing countries with specific reference to the extractive industry by integrating academic and industrial perspectives. It will be of interest to researchers in the field of CSR, as well as for management professionals.
Book Synopsis The Impact of Broad Based Black Economic Empowerment on the Financial Performance of Companies Listed on the JSE by : Ashley Mathura
Download or read book The Impact of Broad Based Black Economic Empowerment on the Financial Performance of Companies Listed on the JSE written by Ashley Mathura and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This research is aimed at finding empirical evidence to support the relationship between Broad-based Black Economic Empowerment (BBBEE) compliance and the financial performance of South African companies on the JSE. An independent measure of the BEE score was obtained from the Empowerdex Top Empowerment Companies (TEC) ranking from 2004 to 2009. 14 sectors on the JSE were selected to ensure inclusion of all major industries in South Africa. A total of 209 companies were selected, and the multivariate exploratory technique of Cluster Analysis was used. The predictor variable of the company's BEE status was then compared to a number of financial performance indicators such as annual share price, price-tobook value ratio and the price-to-earnings ratio (i.e. the outcome variables). By standardising the variables of the BEE score and using Compound Annual Growth Rate (CAGR), the k-means Clustering method yielded four interpretable clusters with 15, 64, 95 and 35 companies respectively. The finding indicate that only in the case of the cluster of companies that increased it's BEE score, were all three profitability measures significantly different and, according to the means, in the direction of higher profitability. However, there were no significant differences in the results to support the proposition that low-BEE scores of companies had a negative impact on their profitability and their firm's value over time.
Book Synopsis A Future for Everyone by : David Maurrasse
Download or read book A Future for Everyone written by David Maurrasse and published by Psychology Press. This book was released on 2004 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2004. Routledge is an imprint of Taylor & Francis, an informa company.
Book Synopsis The Price of Corporate Social Responsibility by : William E. Jackson
Download or read book The Price of Corporate Social Responsibility written by William E. Jackson and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the demise of apartheid in South Africa, corporations have been encouraged to participate in the governmental goal of increasing corporate ownership by the black majority population. One vehicle that has arisen to help facilitate an increase in corporate ownership has been black economic empowerment (BEE) transactions. BEE transactions are essentially private placements of equity. Firms that have taken this socially activist position of selling portions of their equity, usually at a substantial discount, to black empowerment groups have received positive media attention in the name of “good corporate citizenship.”This study investigates the market performance of these BEE transactions, specifically addressing three questions. The first question is whether BEE transactions create or destroy wealth. To address this question we use an event study methodology to calculate the cumulative abnormal returns (CARs) associated with public announcements of BEE transactions. The second question is whether specific types of BEE transactions did better or worse than others. We address this question by analyzing the cross-sectional variation in the CARs associated with public announcements of BEE transactions. The third question is whether firms that engage in BEE transactions experience negative post-announcement price performance. This last question is motivated by popular press accounts of the exploitation of black empowerment groups by white-owned South African corporations. To address this question, we test whether BEE transactions have benefited white corporate South Africa at the expense of the participating black empowerment groups.
Book Synopsis Economic Imperatives and Ethical Values in Global Business by : S. Prakash Sethi
Download or read book Economic Imperatives and Ethical Values in Global Business written by S. Prakash Sethi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: religious values at the office door. Apartheid was an evil, and business had great power in South Africa. Where there is power, there is also responsibil ity. I prayed about this long and hard. I pushed the companies as much as I thought I could. There were advances and there were setbacks, but finally we prevailed and the Blacks of South Africa secured their freedom. My effort in behalf of the Sullivan Principles was only one of a number of significant efforts of the anti-apartheid movement. All of those other efforts must be recognized, as well. The Sullivan Principles and the manner in which they were implemented in South Africa were in the nature of a grand experiment in the sociopolitical change and economic uplifting of the Black people of South Africa. What is even more important is that the Principles were driven by an ethical and moral imperative, and were voluntarily implemented by a group of enlight ened United States multinational corporations. No grand design or vision is ever perfect. We fall prey to human follies, limited understanding of the future, and necessary compromises to seek not what is perfect but what is possible. Thus, any such effort is subject to criticism from those who seek ideological purity and those who seek to minimize the impact of change from the status quo . .
Book Synopsis Corporate Social Responsibility and Law in Africa by : Nojeem A. Amodu
Download or read book Corporate Social Responsibility and Law in Africa written by Nojeem A. Amodu and published by Routledge. This book was released on 2020-03-11 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the conception of corporate social responsibility (CSR) in Africa, expanding it’s frontiers beyond corporate reporting, voluntary corporate charity and community development projects. Taking a corporate law perspective on CSR, the author combines theory and practice to explain how CSR interacts with of sustainable development and sets an agenda for effective operationalization in Africa. The book not only devises an enforcement mechanism towards embedding effective CSR and sustainable development in Africa but also addresses CSR greenwash on the continent. The author critically examines CSR practices, legal and regulatory techniques in Nigeria and South Africa in the context of contexts of international regulatory dialogues and shows how corporate socially responsible behaviour can be effectively embedded within business communities in Africa. Increasing our understanding of the theoretical, legal and regulatory frameworks supporting corporate responsibility, this book will be of interest to scholars, policy makers and practitioners in the fields of Africa law, corporate law, corporate social responsibility and African business.
Book Synopsis Corporate Social Responsibility and International Development by : Michael Hopkins
Download or read book Corporate Social Responsibility and International Development written by Michael Hopkins and published by Routledge. This book was released on 2012-05-04 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The business of business is business. So why should corporations be involved in development? This groundbreaking new book makes the case that governments and their international agencies, grouped under the umbrella of the United Nations, have failed in their attempts to rid the planet of underdevelopment and poverty. If development is the objective then it seems that the solution and the responsibility lies with the private sector - particularly through the Corporate Social Responsibility (CSR) programmes of large corporations, with their tremendous power and economic strength. Written by noted CSR practitioner Michael Hopkins, this book is the first to explicitly link CSR with development. It spells out what corporations are doing on development, what more they could do and how CSR can be a useful tool to promote economic development via corporations. This is important and challenging reading for all of those in government, business and NGOs who think that there must be a better, more effective and dynamic way to kick-start development and eradicate poverty.
Book Synopsis Opportunities and Pitfalls of Corporate Social Responsibility by : Shame Mugova
Download or read book Opportunities and Pitfalls of Corporate Social Responsibility written by Shame Mugova and published by Springer. This book was released on 2019-05-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses key aspects of corporate social responsibility (CSR) and explores them from a variety of perspectives in a case study on the Marange diamond mines in Zimbabwe. The business case of the Marange mines is presented to demonstrate the challenge of practicing social responsibility while considering and balancing the needs of a developing nation, environmental protection, community involvement and international business. Lessons learned from the case study will help business leaders and strategists in developing countries and multinational corporations to better understand and employ CSR principles so as to enhance sustainability and social impact. Further, the book provides a unique combination of academic, industrial and local approaches.
Book Synopsis The Impact of Corporate Social Responsibility on Firms' Financial Performance in South Africa by : Sukanya Chetty
Download or read book The Impact of Corporate Social Responsibility on Firms' Financial Performance in South Africa written by Sukanya Chetty and published by . This book was released on 2015 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: If Corporate Social Responsibility (CSR) activities are beyond a firm's legal obligations and potentially require a sacrifice in short-term profits, why do firms promote CSR? This question motivates this investigation of the impact of CSR on a firm's Corporate Financial Performance (CFP). This relationship is examined for the period from 2004 to 2013 in South Africa. We assess the short-term impact of CSR announcements on financial returns of firms included in or excluded from the Johannesburg Securities Exchange Socially Responsible Investment Index and determine whether there is a difference in the long-term CFP between these two groups for the entire period. The event study methodology shows that investors were rewarded in 2004 and 2012, when firms entered the index, and were penalized in 2013, when firms exited the index. When using regression analysis, the various industries provide mixed results between CSR and CFP for firms over the long term. Based on these results, we find that CSR activities lead to no significant differences in financial performance.
Download or read book Staking Their Claims written by David Fig and published by University of Kwazulu Natal Press. This book was released on 2007 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: How responsive are South African corporations to their social and environmental responsibilities? Given the extremes of economic inequality, is business generally proactive in redressing the legacy of apartheid, or does it only respond to regulation? These are among the questions treated in this new book, based on research conducted for a United Nations project. It breaks new ground in emerging from a tradition of applied social science rather than industrial sponsorship. It is therefore free to ask and answer questions not usually raised in the debates about corporate behavior. Staking Their Claims presents sectoral studies on the chemical, mining, and food industries. It also examines crosscutting issues, such as the response of business to black economic empowerment and the AIDS pandemic. The book provides vital insights for corporate leaders, business schools, social analysts, investors, and those in the field of corporate, social, and environmental responsibility.
Book Synopsis Corporate Social Responsibility in the Promotion of Social Development by : Manuel E. Contreras C.
Download or read book Corporate Social Responsibility in the Promotion of Social Development written by Manuel E. Contreras C. and published by Harvard University Press. This book was released on 2004 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
