The implications of company corporate social responsibilities on the development of local communities
Open Access
- 25 July 2017
- journal article
- Published by Virtus Interpress in Corporate Ownership and Control
- Vol. 14 (4), 405-412
- https://doi.org/10.22495/cocv14i4c2art6
Abstract
Since Corporate Social Responsibility (CSR) has become established in our vocabulary, over the past few years, business enterprises have come under increasing pressure to accept responsibility for the environment in which they function. This paper is aimed to evaluate the impact of company corporate social responsibilities on the development of local communities. The primary data were collected using the quantitative technique. Data were collected from selected areas of Richards Bay in the Northern region of KwaZulu-Natal (KZN) province. The sample consisted of 129 respondents from the members of communities. The reliability data of this study found to be significant at 0.782. The results reveal that the majority of respondents believe that they do benefit from a local company in many ways. The findings also indicate that the benefits include creation of jobs, capacity building, technology, contracting and business opportunities and social investment. The finding of this study is limited by the study’s exploratory and quantitative nature. Generalizing should be done with care and further research with larger samples and consideration of the other provinces is therefore recommended.Keywords
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