Corporate Social Responsibility, Myth, Reality or Empty Rhetoric: Perspectives from the Ghana Stock Exchange.

Abstract

This article reports the findings of an empirical study documenting the extent of recognition, nature, content and perception of corporate social responsibility (CSR) by firms quoted on the Ghana Stock Exchange (GSE). The study derives its justification from the explosion in attention to CSR worldwide in recent times. Although several studies have examined firm CSR actions in African contexts, none have studied CSR amongst quoted companies. The study's key findings were that a majority of the companies on the GSE subscribe more to the contemporary notion of CSR; their perceptions are strategic, moral, and ethical, as well as economic.