Suchergebnisse

Introduction: Business and society relationship in Africa: an Africapitalism perspective -- Big business and the evolution of modern capitalism in Africa -- Africapitalism and the role of business in regional integration in Africa -- Africapitalism and the sustainable development goals: implications for multinational enterprises in Africa -- Labour market institutions and work organisation in Africa: developing a research agenda for Africapitalism -- Exploring the culture and cost of corruption in Nigeria: Can Africapitalism help? -- Africapitalism and human capital development -- Africapitalism and brand Africa: the relationship -- Africapitalism: a critical genealogy and assessment.

Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of illustrations -- List of contributors -- 1. Introduction: Business and society relationship in Africa - an Africapitalism perspective -- Business-society relations for development in Africa: an Africapitalism perspective -- Note -- Bibliography -- 2. Big business and the evolution of modern capitalism in Africa -- Introduction -- Perceptions of African capitalism, early and modern -- What's new about the New Big Men? -- Understanding relations between New Big Men and the state -- The New Big Men and the wider business environment -- Conclusion -- Notes -- References -- 3. Africapitalism, business and social construction of regional identity -- Introduction -- Africapitalism: new space for appropriating and re-moralizing capitalism in Africa -- Africapitalism, private authority, and social construction of regional identity -- Africapitalism, private authority, financial integration and legal reforms -- The prospects and limits of Africapitalism and private authority in regional integration -- Concluding remarks -- References -- 4. Africapitalism and the Sustainable Development Goals: Implications for multinational enterprises in Africa -- Introduction -- Capitalism in Africa versus Africapitalism -- MNEs and Africapitalism: Implications for SDGs in Africa -- Conclusion -- Note -- References -- 5. Labour market institutions and work organisation in Africa: Developing a research agenda for Africapitalism -- Introduction -- Cultural, institutional and developmental factors -- The Africapitalism management philosophy -- Changing the world of work in Africa: a research agenda -- What are the implications for Africapitalism? -- Suggestions for further research -- Conclusions -- Acknowledgement -- References.

Africa is on the rise. Enabled by natural resources, commodity trading and the recent discovery of Africa as the last frontier of capitalism by the global market, African entrepreneurs are now being empowered as economic change agents. How can this new economic elite engage in the sustainable development of the continent? 'Africapitalism', the term coined by Nigerian economist Tony O. Elumelu, describes an economic philosophy embodying the private sector's commitment to the economic transformation of Africa through investments generating economic prosperity and social wealth. The concept has attracted significant attention in both business and policy circles. Promoting a positive change in approach and outlook towards development in Africa, this book consolidates research and insights into the Africapitalism movement, and will appeal to scholars, researchers and graduate students of Africa studies, international business, business and society, corporate social responsibility, strategic management, economic thought, international political economy, leadership and development studies

The extant literature on comparative Corporate Social Responsibility (CSR) often assumes functioning and enabling institutional arrangements, such as strong government, market, and civil society, as a necessary condition for responsible business practices. Setting aside this dominant assumption, and drawing insights from a case study of Fidelity Bank, Nigeria, we explore why and how firms still pursue and enact responsible business practices in what could be described as challenging and non-enabling institutional contexts for CSR. Our findings suggest that responsible business practices in such contexts are often anchored on some CSR adaptive mechanisms. These mechanisms uniquely complement themselves and inform CSR strategies. The CSR adaptive mechanisms and strategies, in combination and in complementarity, then act as an institutional buffer (i.e. 'institutional immunity'), which enables firms to successfully engage in responsible practices irrespective of their weak institutional settings. We leverage this understanding to contribute to CSR in developing economies, often characterised by challenging and non-enabling institutional contexts. The research, policy and practice implications are also discussed.

We propose that corporations should be subject to a legal obligation to identify and internalise their social costs or negative externalities. Our proposal reframes corporate social responsibility (CSR) as obligated internalisation of social costs, and relies on reflexive governance through mandated hybrid fora. We argue that our approach advances theory, as well as practice and policy, by building on and going beyond prior attempts to address social costs, such as prescriptive government regulation, Coasian bargaining and political CSR.

We propose that corporations should be subject to a legal obligation to identify and internalise their social costs or negative externalities. Our proposal reframes corporate social responsibility (CSR) as obligated internalisation of social costs, and relies on reflexive governance through mandated hybrid fora. We argue that our approach advances theory, as well as practice and policy, by building on and going beyond prior attempts to address social costs, such as prescriptive government regulation, Coasian bargaining and political CSR.

We propose that corporations should be subject to a legal obligation to identify and internalise their social costs or negative externalities. Our proposal reframes corporate social responsibility (CSR) as obligated internalisation of social costs, and relies on reflexive governance through mandated hybrid fora. We argue that our approach advances theory, as well as practice and policy, by building on and going beyond prior attempts to address social costs, such as prescriptive government regulation, Coasian bargaining and political CSR.

PurposeThis 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/approachThis 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.FindingsBy 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/implicationsThis research advances the understanding of the implication of internalising externalities in the CSR literature in a relatively under-researched context – Nigeria.Originality/valueThe 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.