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Corporate Social Responsibility, Myth, Reality or Empty Rhetoric: Perspectives from the Ghana Stock Exchange

Author

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  • Daniel F. Ofori

    (University of Ghana Business School)

Abstract

This article reports the findings of an empirical study documenting the extent of recognition, nature, content and perception of corporate social responsibility (CSR) by firms quoted on the Ghana Stock Exchange (GSE). The study derives its justification from the explosion in attention to CSR world wide in recent times. Although several studies have examined firm CSR actions in African contexts, none have studied CSR amongst quoted companies. The study’s key findings were that a majority of the companies on the GSE subscribe more to the contemporary notion of CSR; their perceptions are strategic, moral, and ethical, as well as economic.

Suggested Citation

  • Daniel F. Ofori, 2007. "Corporate Social Responsibility, Myth, Reality or Empty Rhetoric: Perspectives from the Ghana Stock Exchange," The African Finance Journal, Africagrowth Institute, vol. 9(2), pages 53-68.
  • Handle: RePEc:afj:journl:v:9:y:2007:i:2:p:53-68
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    Cited by:

    1. Robert Ebo Hinson & Frederick Avornyo & John Kuada & Felix Ankomah Asante, 2017. "Corporate social responsibility and international business: examining the nexus and gaps from a developing economy perspective," International Journal of Corporate Social Responsibility, Springer, vol. 2(1), pages 1-14, December.
    2. Alex Osei-Kojo & Nathan Andrews, 2020. "A developmental paradox? The “dark forces” against corporate social responsibility in Ghana’s extractive industry," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(2), pages 1051-1071, February.

    More about this item

    Keywords

    Corporate Social Responsibility; Stock Exchange; Ghana;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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