Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana

In recent times, firms and countries especially those in the developed economies are moving more into encompassing both voluntary and mandatory initiatives. This new initiative literature argues is relatively superior to the conventional voluntary initiatives prevalent in most developing economies....

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Autores principales:	Mawuena Akosua Cudjoe, Ahmed Razman Abdul Latiff, Nor Aziah Abu Kasim, Mohammad Noor Hisham Bin Osman
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	socially responsible investment (sri) ghana stock exchange (gse) ghana oil and gas (o& g) firms sri challenges social and environmental activities Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/d29dfc0599224af8b2778cd6571d8bf3
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id	oai:doaj.org-article:d29dfc0599224af8b2778cd6571d8bf3
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spelling	oai:doaj.org-article:d29dfc0599224af8b2778cd6571d8bf32021-12-02T16:07:36ZSocially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana2331-197510.1080/23311975.2019.1666640https://doaj.org/article/d29dfc0599224af8b2778cd6571d8bf32019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1666640https://doaj.org/toc/2331-1975In recent times, firms and countries especially those in the developed economies are moving more into encompassing both voluntary and mandatory initiatives. This new initiative literature argues is relatively superior to the conventional voluntary initiatives prevalent in most developing economies. Although a catch for researchers, evidence from literature suggest that this interest has mainly been directed at finding the factors that encourage firms to engage in socially responsible investment (SRI) initiatives leading to a proliferation of extant literature. This notwithstanding, very little however exists on the Challenges Firms Face When Engaging In These SRI Initiatives Although Literature Gives An Indication Of Its Essence Especially Within Developing Economies. The Purpose Of This Study Is Thus To Explore The Challenges Faced By Oil And Gas Companies Especially In Developing Economies As They Engage In SRI By Delving Into The context-specific challenges they encounter. This is important as these SRI initiatives are seen to augment the efforts of governments within these developing economies. The study uses the interpretive multiple case study approach in achieving the objective of this tudy. The results of the study suggest that not only do the cases face peculiar challenges; undue government interference and financial constraints. But that the government whose effort they augment (with their SRI initiative) is a source of challenge. The findings also give an indication that some internal stakeholders (staff) form powerful stakeholder group that compound the challenges in engaging in SRI.Mawuena Akosua CudjoeAhmed Razman Abdul LatiffNor Aziah Abu KasimMohammad Noor Hisham Bin OsmanTaylor & Francis Grouparticlesocially responsible investment (sri)ghana stock exchange (gse)ghanaoil and gas (o& g) firmssri challengessocial and environmental activitiesBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	socially responsible investment (sri) ghana stock exchange (gse) ghana oil and gas (o& g) firms sri challenges social and environmental activities Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	socially responsible investment (sri) ghana stock exchange (gse) ghana oil and gas (o& g) firms sri challenges social and environmental activities Business HF5001-6182 Management. Industrial management HD28-70 Mawuena Akosua Cudjoe Ahmed Razman Abdul Latiff Nor Aziah Abu Kasim Mohammad Noor Hisham Bin Osman Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana
description	In recent times, firms and countries especially those in the developed economies are moving more into encompassing both voluntary and mandatory initiatives. This new initiative literature argues is relatively superior to the conventional voluntary initiatives prevalent in most developing economies. Although a catch for researchers, evidence from literature suggest that this interest has mainly been directed at finding the factors that encourage firms to engage in socially responsible investment (SRI) initiatives leading to a proliferation of extant literature. This notwithstanding, very little however exists on the Challenges Firms Face When Engaging In These SRI Initiatives Although Literature Gives An Indication Of Its Essence Especially Within Developing Economies. The Purpose Of This Study Is Thus To Explore The Challenges Faced By Oil And Gas Companies Especially In Developing Economies As They Engage In SRI By Delving Into The context-specific challenges they encounter. This is important as these SRI initiatives are seen to augment the efforts of governments within these developing economies. The study uses the interpretive multiple case study approach in achieving the objective of this tudy. The results of the study suggest that not only do the cases face peculiar challenges; undue government interference and financial constraints. But that the government whose effort they augment (with their SRI initiative) is a source of challenge. The findings also give an indication that some internal stakeholders (staff) form powerful stakeholder group that compound the challenges in engaging in SRI.
format	article
author	Mawuena Akosua Cudjoe Ahmed Razman Abdul Latiff Nor Aziah Abu Kasim Mohammad Noor Hisham Bin Osman
author_facet	Mawuena Akosua Cudjoe Ahmed Razman Abdul Latiff Nor Aziah Abu Kasim Mohammad Noor Hisham Bin Osman
author_sort	Mawuena Akosua Cudjoe
title	Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana
title_short	Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana
title_full	Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana
title_fullStr	Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana
title_full_unstemmed	Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana
title_sort	socially responsible investment (sri) initiatives in developing economies: challenges faced by oil and gas firms in ghana
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/d29dfc0599224af8b2778cd6571d8bf3
work_keys_str_mv	AT mawuenaakosuacudjoe sociallyresponsibleinvestmentsriinitiativesindevelopingeconomieschallengesfacedbyoilandgasfirmsinghana AT ahmedrazmanabdullatiff sociallyresponsibleinvestmentsriinitiativesindevelopingeconomieschallengesfacedbyoilandgasfirmsinghana AT noraziahabukasim sociallyresponsibleinvestmentsriinitiativesindevelopingeconomieschallengesfacedbyoilandgasfirmsinghana AT mohammadnoorhishambinosman sociallyresponsibleinvestmentsriinitiativesindevelopingeconomieschallengesfacedbyoilandgasfirmsinghana
_version_	1718384747837652992

Socially Responsible Investment (SRI) initiatives in developing economies: Challenges faced by oil and gas firms in Ghana

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