Corporate Social Responsibility and Sustainable Development : Social Capital and Corporate Development in Developing Economies book cover
1st Edition

Corporate Social Responsibility and Sustainable Development
Social Capital and Corporate Development in Developing Economies

ISBN 9780367885014
Published December 12, 2019 by Gower
260 Pages

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Book Description

Many different companies can significantly contribute to the integrated goals and targets of the United Nations’ sustainable development goals, such as poverty reduction by 2030. Poverty is not only about people living on less than $1.25 per day, but more fundamentally, it is their lack of capabilities and access to participate in productive economic activities. If companies can contribute in order to provide access and the necessary skills, then individuals will have the capabilities to achieve their aspirations, including earning a higher income.

Corporate Social Responsibility and Sustainable Development supports Sen’s assertions that poverty can be alleviated if the capability of individuals is improved. Beyond that, this book shows that sustainable development goals can be achieved when the company’s CSR programs and social capital development in improving people’s capabilities are combined with necessary finance access and market access for the poor. The theoretical model developed from the journey of Astra International, one of the largest public-listed companies in Indonesia, is replicable for other companies aspiring to be sustainable in developing countries. The model shows a virtuous cycle between the corporate aim, CSR programs, social capital and corporate sustainability.

This volume is of great value to academics, practitioners and policy makers interested in the themes of CSR, social capital and sustainable development of developing countries. It also appeals to professionals in industry associations, development agencies and international organizations, as well as NGOs that are concerned with the achievement of sustainable development goals by 2030.

Table of Contents



List of figures

List of tables

Foreword by David Crowther


List of acronyms and abbreviations


1 Introduction: corporations and sustainable development goals

Roles of companies in developing countries

Lessons from a responsible company in a developing country

Implications for sustainable development goals

Structure of the book


2 Corporate social responsibility and sustainable development in developing countries

Sustainable development issues in developing countries

Extended roles of companies in developing countries

The concept of corporate social responsibility

Strategic corporate social responsibility (CSR)

The importance of stakeholder management in strategic CSR

CSR in developing countries



3 Social capital and corporate sustainability in developing countries

Social capital as a form of capital

Defi nitions of social capital

Bonding, strong ties, bridging, weak ties and structural holes

Social capital investment

Benefi ts from social capital investment to corporate sustainability



4 Theoretical linkages between sustainable development, corporate social responsibility, social capital and corporate sustainability

Theoretical framework

Research objectives, research gaps and research questions


5 Research approach

Considerations for qualitative case study

Research sampling and unit of analysis

Data collection and data management

Data storage and management

Data reduction and data displays

Data analysis

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Risa Bhinekawati is a corporate sustainability advisor and a lecturer who is very passionate about improving sustainable development in developing countries. She is now a lecturer at Podomoro University, Indonesia, and also serves as an Advisory Board Member of Women in Global Business, Indonesian Chapter.