Corporate social responsibility strategies in Nigeria: a tinged shareholder model

Abstract

Purpose This paper aims to examine two important issues in corporate social responsibility (CSR) scholarship. First, the study problematises CSR as a form of self-regulation. Second, the research explores how CSR strategies can enable firms to recognise and internalise their externalities while preserving shareholder value. Design/methodology/approach This study uses a tinged shareholder model to understand the interactions between an organisation’s CSR approach and the effect of relevant externalities on its CSR outcomes. In doing this, the case study qualitative methodology is adopted, relying on data from one Fidelity Bank, Nigeria. Findings By articulating a tripodal thematic model – governance of externalities in the economy, governance of externalities in the social system and governance of externalities in the environment, this paper demonstrates how an effective combination of these themes triggers the emergence of a robust CSR culture in an organisation. Research limitations/implications This research advances the understanding of the implication of internalising externalities in the CSR literature in a relatively under-researched context – Nigeria. Originality/value The data of this study allows to present a governance model that will enable managers to focus on their overarching objective of shareholder value without the challenges of pursuing multiple and sometimes conflicting goals that typically create negative impacts to non-shareholding stakeholders.

The Influence of Cultural Diversity on Core Hr Functions Within Nigeria Public Sector

“…Effective management of cultural diversity in global corporations relies heavily on the senior management team (Naciti, 2019). Many organizations are actively promoting the hiring of diverse employees, spanning nationalities, backgrounds, ethnicity, and languages, to enhance overall effectiveness (Adegbite et al, 2020;Suleiman et al 2023).…”

The extractive industry and expectations of resource benefits: does CSR promote community well-being?

“…It has been termed the “resource curse” by scholars referring to the phenomenon where resource-rich countries have failed to benefit from their natural resources (Adams et al , 2019; Humphreys et al , 2007). One of the key problems identified as fuelling the “resource curse” is the fact that in many instances, countries are unable to realise the full value of their resources due to embedded weaknesses in institutions in developing countries (Adegbite et al , 2020).…”

CSR during COVID-19: exploring select organizations’ intents and activities

“…CSR has been an actively researched evergreen topic of interest among the business and management communities due to its immense application in organizations across the world and its relevance (Adegbite et al, 2020;Aguinis and Glavas, 2012;Bhattacharyya and Verma, 2020;Hamid et al, 2020;Hosoda, 2020;Kowszyk and Vanclay, 2020;Süsi and Jaakson, 2020). There have been many research studies that have explored the operation of corporate organizations within the social realm and the relationship of CSR with factors such as corporate financial performance (Nag and Bhattacharyya, 2016;Vishwanathan et al, 2020), customer engagement (Hur et al, 2020), firm performance (Miller et al, 2020;P and Busru, 2021;Sardana et al, 2020) organizational citizenship behavior (Ahmad et al, 2020), worker attitudes and behavior (Gaudencio et al, 2017) and customer word of mouth (Fatma et al, 2020).…”