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Item type:Publication, Social effect and corporate social responsibility: An analysis of the oil sector in an emerging market(AfricaGrowth Institute, 2024-12-01)Corporate Social Responsibility (CSR) and social impact are two fundamental pillars of companies' strategy. However, the extent to which these two dimensions affect market performance remains understudied in emerging economies. To fill this gap, this paper examines the relationship between CSR and social impact in the oil industry in an emerging market (Peru). Using an adequate case study approach, together with financial data analysis, and the information provided by companies’ annual reports and CSR reports, our results show that the expected positive relationship varies depending on many diverse factors. Specifically, to achieve social impact, companies must prioritize community and environmental responsibility, as well as stakeholder engagement. Nevertheless, we found that businesses struggling with any of these aspects either completely or partially reject social impact. Our findings have some important ramifications for policymakers as well as managers in the oil sector. This issue is especially relevant in emerging economies like the Peruvian one since they are highly dependent on raw materials exports, which ultimately affects not only the environment but also the local communities. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Characteristics of the leaders of social and environmental enterprises in Latin America and the relationship with the success of their businesses(Emerald Publishing, 2024-07-30)This study aims to understand the leadership characteristics of founders of social and environmental enterprises in Latin America who have achieved business success with a focus on sustainability despite difficult social, economic, political and even health contexts in which they live. Design/methodology/approach: This nonexperimental research is a qualitative, descriptive and exploratory study. Twenty-one in-depth interviews were conducted with social/environmental entrepreneurs of the Kunan Network (an organization that groups the entrepreneurial ecosystem in Peru). Findings: The study analyzes the leadership profile and characteristics of entrepreneurs who have created profitable businesses with a social/environmental focus that solve relevant social problems and contribute to improving people’s quality of life and caring for the environment. Research limitations/implications: Although only 21 business leaders with outstanding participation and positive social and environmental impact were included in this study, they were supported and recognized by the Kunan Network. Originality/value: The study contributed to the conceptualization and understanding of the profile of leaders of social and environmental enterprises, whose main challenges are to solve social or environmental problems of society and contribute to improving the quality of life of people and the environment. Knowing the profile of these entrepreneurs generates value to the knowledge of the subject and contributes to understand and propose strategies to improve the ecosystem of social-environmental entrepreneurship in emerging countries such as Peru. This will contribute to the creation of relationships and alliances with various social actors: public, private, third sector, academia, among others, for the management and promotion of sustainable business. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Corporate Social Responsibility and Return: Social Impact, a Case Study of an Emerging Market Oil Industry in Stock Exchange(2023-05-31)This paper analyzes the relationship between corporate social responsibility (CSR) and social impact within the oil industry in an emerging market (Peru). Following the emerging literature on the social impact field, and using the case study methodology, the findings show that the expected positive relationship is diverse depending on several factors. Specifically, the results reveal that companies must focus on community and environmental responsibility, together with stakeholders' involvement to achieve social impact. However, when companies are weak in any of the previous factors, then the social impact is only partially accepted or even withdrawn.