Community risk management by mining MNEs: managing local communities in Armenian mining

Jacob Taarup-Esbensen and Suren Movsisyan

International Journal of Business and Globalisation, 2019, vol. 23, issue 1, 120-138

Abstract: Using field work from the Armenian mining sector, we explore how MNEs practice community risk management. We start by conceptualising communities as communities of place (CofP), directly impacted by mining activities but have few resources, and communities of interest (CofI), as outsiders with an interest in mining projects and the resources to create uncertainty about the mine. We argue that community risk is a precursor to financial, political and cultural risks and that both CofP and CofI can expose the mining MNE to risks, either individually or in unison. We find that mining MNEs focus on mitigating community risks in the initial phases of the mine project, when the impact on the CofP is perceived to be lowest. Our interpretation is that the objective of the risk management practice is to commit resources to CofP for as long as there is a possibility that they will form partnerships with CofI.

Keywords: community risk; mining MNE; risk management; Armenia; liability of outsidership; communities of place; CofP; communities of interest; CofI. (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=100790 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:23:y:2019:i:1:p:120-138

Access Statistics for this article

More articles in International Journal of Business and Globalisation from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().