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Social investment through community enterprise: the case of multinational corporations involvement in the development of Nigerian water resources
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Nwankwo, Emeka, Phillips, Nelson and Tracey, Paul (2007) Social investment through community enterprise: the case of multinational corporations involvement in the development of Nigerian water resources. Journal of Business Ethics, Vol.73 (No.1). pp. 91-101. doi:10.1007/s10551-006-9200-8 ISSN 0167-4544.
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Official URL: http://dx.doi.org/10.1007/s10551-006-9200-8
Abstract
This paper examines the different mechanisms used by multinational corporations (MNCs) in Nigeria seeking to make long-term social investments by meeting the critical challenge of improving water provision. Community enterprise - an increasingly common form of social enterprise, which pursues charitable objectives through business activities - may be the most effective mechanism for building local capacity in a sustainable and accountable way. Traditionally, social investments by MNCs have involved either donations to a charity, which then assumes responsibility for delivering social outcomes, or direct management of social investment in-house. These approaches have been criticized, however, for their limited contribution to local capacity building, their focus on short-term outcomes, and the restricted role that they afford to communities. Partnering with community enterprise, provided there is sufficient local capacity to support it, is the most effective mode of governance through which MNCs can manage social investments in developing countries.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HF Commerce B Philosophy. Psychology. Religion > BJ Ethics |
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| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
| Journal or Publication Title: | Journal of Business Ethics | ||||
| Publisher: | Springer Netherlands | ||||
| ISSN: | 0167-4544 | ||||
| Official Date: | June 2007 | ||||
| Dates: |
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| Volume: | Vol.73 | ||||
| Number: | No.1 | ||||
| Number of Pages: | 11 | ||||
| Page Range: | pp. 91-101 | ||||
| DOI: | 10.1007/s10551-006-9200-8 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
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