Corporate Social Responsibility in Developing and Emerging Markets Institutions, Actors and Sustainable Development
Book contents
- Corporate Social Responsibility in Developing and Emerging Markets
- Corporate Social Responsibility in Developing and Emerging Markets
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Notes on Contributors
- Foreword
- Endorsement
- Preface
- Table of Cases
- Table of Legislation
- 1 Introduction to Corporate Social Responsibility in Developing and Emerging Markets: Institutions, Actors and Sustainable Development
- Part I Institutions, CSR Conceptualizations and Sustainable Development
- 2 Institutional Theory and Corporate Social Responsibility in Developing Countries: a Comparative Institutional Perspective
- 3 CSR and a Capabilities Approach to Development: CSR Laws as an Allocative Device?
- 4 Domestic Adjudicative Institutions, Developing Countries and Sustainable Development: Linkages and Limitations
- 5 The Informal Economy: CSR and Sustainable Development
- 6 Human Resource Management and Political CSR in Global Supply Chains: Causes and Consequences of Host Communities’ Enduring Struggles
- 7 Navigating the CSR Discourse from a Developing Country’s Perspective: a Shift to Human Capital Development?
- Part II CSR and Sustainable Development Cross-Country Studies
- Part III Normative and Utility Perspectives
- References
5 - The Informal Economy: CSR and Sustainable Development
from Part I - Institutions, CSR Conceptualizations and Sustainable Development
Published online by Cambridge University Press: 18 December 2019
Book contents
- Corporate Social Responsibility in Developing and Emerging Markets
- Corporate Social Responsibility in Developing and Emerging Markets
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Notes on Contributors
- Foreword
- Endorsement
- Preface
- Table of Cases
- Table of Legislation
- 1 Introduction to Corporate Social Responsibility in Developing and Emerging Markets: Institutions, Actors and Sustainable Development
- Part I Institutions, CSR Conceptualizations and Sustainable Development
- 2 Institutional Theory and Corporate Social Responsibility in Developing Countries: a Comparative Institutional Perspective
- 3 CSR and a Capabilities Approach to Development: CSR Laws as an Allocative Device?
- 4 Domestic Adjudicative Institutions, Developing Countries and Sustainable Development: Linkages and Limitations
- 5 The Informal Economy: CSR and Sustainable Development
- 6 Human Resource Management and Political CSR in Global Supply Chains: Causes and Consequences of Host Communities’ Enduring Struggles
- 7 Navigating the CSR Discourse from a Developing Country’s Perspective: a Shift to Human Capital Development?
- Part II CSR and Sustainable Development Cross-Country Studies
- Part III Normative and Utility Perspectives
- References
Summary
CSR and sustainability practices play a significant role across diverse sectors of an economy. This chapter examines corporate social responsibility and sustainable development in the informal economy. Through the review of the literature, the chapter establishes that unregistered micro, small, and medium enterprises mainly dominate the informal sector particularly in developing and emerging economies. The low degree of formalisation and other specific attributes common to small and medium enterprises (SMEs) operating in the informal sector, influence their CSR approach and strategies. The chapter discusses the need to build social capital (trust, reputation and legitimacy) and culture as motivating factors that promote SMEs involvement in CSR practices, while legislation and institutional context are major drivers of sustainability practices. The chapter highlights how the informal economy, particularly in the context of SMEs, can be positioned to be more socially and environmentally responsible.
Keywords
- Type
- Chapter
- Information
- Corporate Social Responsibility in Developing and Emerging MarketsInstitutions, Actors and Sustainable Development, pp. 85 - 97Publisher: Cambridge University PressPrint publication year: 2019
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