Heralds of Corporate Irresponsible Behavior: Using Partial Least Square Approach of Structural Equation Modeling

Abstract:

This study consolidates internal and external viewpoints to look at the heralds of corporate social irresponsible behavior. As far as internal elements are concerned, we concentrate on the degree to which a firm joins corporate social responsibility (CSR) into its corporate strategy and the level to which companies commit resources into R&D for consumer oriented product development. As for external determinants, we concentrate on market sector costs forces and government agencies responsible for local governance on corrupt practices. The hypothesis we developed for the study are tested, utilizing unique survey data of 120 companies spanning a period of five years. The outcome demonstrates that consolidating corporate social responsibility into business strategy and putting resources into R&D both foresee less socially irresponsible behaviors by companies. Conversely, pressures from costs and corrupt practices within governmental setting associates directly with incremental probability of irresponsible social and behaviors of companies in Ghana.

• Periodical: International Journal of Engineering Research in Africa (Volume 42)
• Pages: 172-188
• DOI: https://doi.org/10.4028/www.scientific.net/JERA.42.172
• Online since: April 2019
• Authors: Emmanuel Opoku Marfo*
• Keywords: Corporate Behaviors, Corporate Irresponsibility, Corporate Social Responsibility (CSR), Ghana, R&D Investments

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