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dc.contributor.authorBardy, Roland
dc.contributor.authorDrew, Stephen
dc.contributor.authorKennedy, Tumenta F.
dc.date.accessioned2016-11-09T05:00:13Z
dc.date.available2016-11-09T05:00:13Z
dc.date.issued2012-03
dc.identifier.citationBardy, R, Drew, S.A.W. and Kennedy, T.. "Foreign Investment and Ethics: How to Contribute to Social Responsibility by Doing Business in Less-Developed Countries." Journal of Business Ethics 106, no. 3 (March, 2012): 267-282en_US
dc.identifier.issn0167-4544
dc.identifier.issn1573-0697
dc.identifier.urihttp://hdl.handle.net/11073/8650
dc.description.abstractDo foreign direct investment (FDI) and international business ventures promote positive social and economic development in emerging nations? This question will always prove contentious. First, the impacts differ according to context. Second, the social consequences and spillover effects of knowledge diffusion and technologysharing may be limited and hard to measure. Third, contributions to enhancing social responsibility and improving living standards in host countries are delayed in effect, causally complex, and also hard to measure. Outcomes often critically depend on collaboration of governments, international institutions, the business world, and nongovernmental organizations (NGOs). Research in this area is challenging and requires interdisciplinary collaboration between economists, financial experts, sociologists, ethicists, and other specialists. This paper explores: (1) the evidence to support the proposition that FDI and international business improve social conditions in less-developed countries, and: (2) how these improvements are linked to strategies of corporate social responsibility (CSR) and ethical business practice. The paper draws insights from development, FDI, poverty alleviation, and bottom-of-thepyramid (BOP) literature. Applications are demonstrated using examples from poverty-stricken areas of Sub-Saharan Africa. The paper attempts not only to argue theoretically but also to provide practical evidence. The approach is simultaneously descriptive, analytical, and prescriptive in order to address a wide audience. It also highlights issues and trends for further academic research and presents the viewpoint that some limitations lie in the nature of ethics frameworks widely referenced in business and that these often fail to consider the compatibility of ethical constructs with relevant incentives. In this vein, we explore the application of Homann's framework for advantage and incentive-based ethics.en_US
dc.language.isoen_USen_US
dc.publisherSpringeren_US
dc.relation.ispartofseriesJournal of Business Ethicsen_US
dc.relation.urihttps://doi.org/10.1007/s10551-011-0994-7en_US
dc.subjectForeign direct investmenten_US
dc.subjectCorporate responsibilityen_US
dc.subjectTransition economiesen_US
dc.subjectBottom of pyramiden_US
dc.subjectLecturing business ethicsen_US
dc.subjectSub-Saharan Africaen_US
dc.titleForeign Investment and Ethics: How to Contribute to Social Responsibility by Doing Business in Less-Developed Countriesen_US
dc.typeArticleen_US
dc.identifier.doi10.1007/s10551-011-0994-7


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