Corporate social responsibility (CSR) in transnational spaces: an institutionalist deconstruction of MNC's CSR practices in the Nigerian oil and gas sector

Drawing from the varieties of capitalism theoretical framework, the study explores the home country influences of MNCs on their CSR practices when they operate outside their national/regional institutional contexts. The study focuses on a particular CSR practice (i.e. corporate code of conducts) of seven MNCs from Europe (4) and the USA (3) operating in the oil and gas sector of the Nigerian economy. The study concludes that the corporate codes of conduct of these MNCs operating in Nigeria, to a large extent, reflect the characteristics of their home countries model of capitalism, respectively. The home countries model of capitalism is also found to have implications for the degree of adaptability of these MNCs CSR practices to the Nigerian institutional context. It is anticipated that the study will contribute to the emerging literature on the institutional embeddedness of CSR practices in trans-national spaces and that of CSR in developing economies

Galvanising shareholder activism: a prerequisite for effective corporate governance and accountability in Nigeria

The paper discusses shareholder activism in an evolving corporate governance institutional context. It identifies strategic opportunities associated with shareholders empowerment and activism through changes in code of corporate governance and recent developments in information and communications technologies in Nigeria. The paper contributes to the scarce literature on corporate governance and accountability in Africa

Political analysis of shareholder activism in emergent democracies : a case study of Nigeria

Shareholder activism has become a force for good in the extant corporate governance literature. In this paper, we present a case study of Nigeria, characterised by a very turbulent polity, to show how shareholder activism, as a corporate governance mechanism, can constitute a space for unhealthy politics and politicking. As a result, we point out some translational challenges, and suggest more caution, in the diffusion of corporate governance practices across different institutional environments. We primarily contribute to the literature on corporate governance in Africa, whilst creating an understanding of the political embeddedness of shareholder activism in different institutional contexts – i.e. a step closer to a political theorising of shareholder activism

Corporate social responsibility in transnational spaces: exploring influences of varieties of capitalism on expressions of corporate codes of conduct in Nigeria

Drawing from the varieties of capitalism theoretical framework, the study explores the home country influences of multinational corporations (MNCs) on their corporate social responsibility (CSR) practices when they operate outside their national/regional institutional contexts. The study focusses on a particular CSR practice (i.e. corporate expressions of code of conducts) of seven MNCs from three varieties of capitalism – coordinated (2), mixed (2) and liberal (3) market economies –operating in the oil and gas sector of the Nigerian economy. The study concludes that the corporate codes of conduct of these MNCs operating in Nigeria, to a large extent, reflect the characteristics of their home countries’ model of capitalism, respectively, albeit with certain degree of modifications. The home countries’ model of capitalism is also found to have implications for the degree of adaptability of these MNCs’ CSR practices to the Nigerian institutional context – with the mixed market economy model of capitalism adapting more flexibly than the liberal and coordinated market economies, respectively. The findings of this study will contribute to the emerging literature on the institutional embeddedness of CSR practices in transnational social spaces, understanding of varieties of capitalism, and CSR in developing economies

Corporate social responsibility in Nigeria: western mimicry or indigenous influences?

Drawing empirical evidence from indigenous firms, this study explores the meaning and practice of CSR in Nigeria. It was found that indigenous firms perceive and practise CSR as corporate philanthropy aimed at addressing socioeconomic development challenges in Nigeria. This finding suggests that CSR is a localised and socially embedded construct, as the waves’, ‘issues’ and ‘modes’ of CSR practices identified among indigenous firms in Nigeria reflect the firms’ responses to their socioeconomic context. It is anticipated that this paper will add to the body of knowledge on CSR, especially as it relates to Africa, which has a relative dearth of literature on CSR, and provide some insights to multinational firms operating in Nigeria