Please use this identifier to cite or link to this item: http://essuir.sumdu.edu.ua/handle/123456789/66337
Or use following links to share this resource in social networks: Recommend this item
Title Indigenous Businesses and Practice of Corporate Social Responsibility in Nigeria: The First Bank Experience in Upholding Entrepreneurial and Economic Development
Authors Bello, H.S.
ORCID
Keywords corporate social responsibility
корпоративна соціальна відповідальність
корпоративная социальная ответственность
economic development
економічний розвиток
экономическое развитие
entrepreneurship
підприємництво
предпринимательство
indigenous business
корінний бізнес
коренной бизнес
Nigeria
Нігерія
Нигерия
Type Article
Date of Issue 2017
URI http://essuir.sumdu.edu.ua/handle/123456789/66337
Publisher Sumy State University
License
Citation Bello, H. S. (2017). Indigenous Businesses and Practice of Corporate Social Responsibility in Nigeria: The First Bank Experience in Upholding Entrepreneurial and Economic Development. Business Ethics and Leadership, 1(4), 66-73. DOI: 10.21272/bel.1(4).66-73.2017
Abstract This review article aimed to present profile of a well known First Bank (Nigeria) Public Limited Company (PLC) as a socially responsible corporate citizen. However, corporate Nigeria would do well to take its cue from the international corporate world, as it’s clear by comparison to world standards, there has been a near total collapse of governance in Nigeria. As a result, corporate social responsibility initiatives in Nigeria are targeted at ameliorating the socio-economic development challenges of the country the like of infrastructure development, which is informed by socio-cultural influences like communalism and charity. Research shows that Nigerian organizations perceived and practice corporate social responsibility (CSR) as corporate philanthropy aimed at addressing socio-economic development challenges in Nigeria. This finding confirms the CSR is a localized and socially embedded construct, as the ‘waves’, ‘issues’ and ‘modes’ of CSR practices identified amongst indigenous firms in Nigeria reflect the responses of the firms to their socio-economic context. As a result of this philanthropic focus, corporate contributions in Nigeria have remained largely unregulated, unsupervised and unguided, depending entirely on the whims, caprices and generosity or otherwise of particular corporate executives in office. As such ad-hoc and unstructured corporate going patterns do little in the light of the tremendous challenges facing the country, this review article therefore believes that there is the need for indigenous businesses to be mindful of how their operations impact on the society, the environment and the lives of the people as being very imperative to socio-economic development. The article recommended that, even though, CSR is an expensive function and duty of businesses to society and to the community they operate in, hence indigenous business entities should also have social and ethical responsibilities besides their traditional economic roles to dispense to society and their host communities. Also, corporate firms should intensify efforts to educate the public on their primary responsibilities, various commitments to other stakeholders and operational financial limitations.
Appears in Collections: Business Ethics and Leadership (BEL)

Views

Australia Australia
85929
Canada Canada
1292697423
China China
1
Finland Finland
1
Germany Germany
-458557908
Indonesia Indonesia
1
Ireland Ireland
2249552
Israel Israel
1
Kenya Kenya
1
Lithuania Lithuania
1
Nigeria Nigeria
519590880
Norway Norway
1
Pakistan Pakistan
-1783209652
Singapore Singapore
264927729
Sweden Sweden
1
Trinidad & Tobago Trinidad & Tobago
-458557905
Ukraine Ukraine
213005
United Kingdom United Kingdom
1883827855
United States United States
-458557903
Unknown Country Unknown Country
178332
Vietnam Vietnam
14929

Downloads

Australia Australia
85728505
Brazil Brazil
1
Canada Canada
50524
China China
1192181330
Germany Germany
1
India India
1
Ireland Ireland
1
Israel Israel
1
Lithuania Lithuania
1
Netherlands Netherlands
1
Nigeria Nigeria
260089261
Russia Russia
1
Trinidad & Tobago Trinidad & Tobago
-458557904
Ukraine Ukraine
1888155462
United Arab Emirates United Arab Emirates
1
United Kingdom United Kingdom
54684717
United States United States
-458557911
Unknown Country Unknown Country
16
Vietnam Vietnam
1

Files

File Size Format Downloads
Bello_BEL_4_2017.pdf 322.84 kB Adobe PDF -1731193286

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.