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Economies 2016, 4(2), 10; doi:10.3390/economies4020010

Sustainable Development and Corporate Social Responsibility in Sub-Saharan Africa: Evidence from Industries in Cameroon

1
Thematic Centre for Governance and Regional Integration, Pan African University, UY II, P.O. Box 18, Soa, Yaounde, Cameroon
2
Faculty of Economics and Management, Department of Environmental Economics, Rural Development and Agric-Business, University of Yaoundé II, P.O. BOX 1365, Soa, Yaounde, Cameroon
*
Author to whom correspondence should be addressed.
Academic Editor: Ralf Fendel
Received: 24 October 2015 / Revised: 2 May 2016 / Accepted: 3 May 2016 / Published: 18 May 2016
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Abstract

Present technological innovations and social organizations continue to impose risks and limitations on the efficient performance of the biosphere. Human activities have increasingly short-lived sustainable natural endowments, to the extent that, the multiplier effects have ripples beyond the traditional benefits of economic production and consumption. Therefore, this study addressed practical concerns on how industries in Sub-Saharan Africa promote sustainable development in their corporate social responsibility models, using industries in Cameroon as a case study; it examined economic, social, and environmental components of sustainable development and corporate social responsibility (CSR). Our sample consists of 335 business enterprises from the last Censure Survey of Enterprises in Cameroon. The study adopted a systematic analysis through the Adjusted Residual Test, and the Phi and Cramer’s V tests. Findings revealed that industries in Cameroon prioritize environmental and social dimensions over economic dimensions. However, a few large enterprises implement a broad CSR that promotes sustainable business practices, whereas smaller ones do not; industries in Cameroon implement environmental dimensions of CSR as a safe buffer and a social dimension as philanthropy. Hence, there is no concrete evidence that industries promote sustainable development via CSR in Cameroon. The implementation of a sustainable business model is a precondition for promoting sustainable development via CSR. Industries should realize the concrete value in implementing a sustainable business model that helps to adjust to the complex and increasingly changing business environment. View Full-Text
Keywords: corporate social responsibility; externalities; stakeholders; sustainable development corporate social responsibility; externalities; stakeholders; sustainable development
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MDPI and ACS Style

Oginni, O.S.; Omojowo, A.D. Sustainable Development and Corporate Social Responsibility in Sub-Saharan Africa: Evidence from Industries in Cameroon. Economies 2016, 4, 10.

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