Dublin Core
Title
Corporate Social Responsibility (CSR) Practices of Foreign and Local Companies in Ghana
Creator
Robert Ebo Hinson
Description
This article reports a comparative study of the key motives underlying corporate social responsibility
(CSR) practices of foreign and local firms operating in Ghana and the societal as well as business
outcomes of these practices. The results show that while the CSR decisions of foreign firms are mainly
guided by legal prescriptions, those of their local counterparts are guided mostly by discretionary
and social considerations. The socially oriented CSR practices of the local firms are consistent with
cultural expectations in Ghana that those with extra resources should support the less privileged
members of the society. But the difference in the degree of importance that the two groups of firms attach to discretionary motives for their CSR practices is not statistically significant. The article also discusses the policy, strategy, and research implications of the findings. © 2012 Wiley Periodicals, Inc.
(CSR) practices of foreign and local firms operating in Ghana and the societal as well as business
outcomes of these practices. The results show that while the CSR decisions of foreign firms are mainly
guided by legal prescriptions, those of their local counterparts are guided mostly by discretionary
and social considerations. The socially oriented CSR practices of the local firms are consistent with
cultural expectations in Ghana that those with extra resources should support the less privileged
members of the society. But the difference in the degree of importance that the two groups of firms attach to discretionary motives for their CSR practices is not statistically significant. The article also discusses the policy, strategy, and research implications of the findings. © 2012 Wiley Periodicals, Inc.
Publisher
Published online in Wiley Online Libra
Date
2011
Source
Robert Ebo Hinson
Language
English