This paper adopts a societal view of stakeholder theory and considers the firm as a stakeholder in the upstream sector of Nigeria’s oil and gas industry. Key themes emerging from 75 interviews with industry stakeholders were ‘historical hangover’ and ‘stakeholder social ir/responsibility’. Historical hangover articulates how historical legacies of the multinational oil companies’ (MNOCs) home countries strengthen the influence of MNOCs in Nigeria; leading to a power imbalance between MNOCs and other stakeholders such as local communities. The power imbalance also arises as a consequence of the developing country context which lacks the regulatory framework present in more developed countries.
|Publication status||Published - 5 Sep 2019|
|Event||British Academy of Management Conference 2019 - Aston University, Birmingham, United Kingdom|
Duration: 3 Sep 2019 → 5 Sep 2019
|Conference||British Academy of Management Conference 2019|
|Period||3/09/19 → 5/09/19|