Corporate Social Responsibility in the Angolan Oil Industry
No WP 2005: 8, CMI Working Papers from CMI (Chr. Michelsen Institute), Bergen, Norway
What are the responsibility of oil companies in resource rich countries? Do they take these responsibilities? Based on a utilitarian perspective and theories of the resource curse, we discuss the oil companies' corporate social responsibility (CSR) when a resource rich country such as Angola lacks accountable public institutions. We also analyse the type of responsibility oil companies take and factors driving corporate social responsibility. From undertaking a survey among oil service firms operating in Angola, we have found that, in practice, policy on the corporate social responsibility of oil companies is mainly driven by economic incentives (it is good for business), rather than by ethical considerations.
Keywords: Oil Corporate social responsibility Ethics Angola Jel Codes: M14; L71; D63 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-ene and nep-soc
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