A review of the impact of firms' corporate social responsibility(CSR) on indigenous construction firms' competitiveness in the Ghanaian construction industry

Matthew Kwaw Somiah, Clinton Ohis Aigbavboa, Wellington Didibhuku Thwala

Research output: Contribution to journalConference articlepeer-review

Abstract

This study aimed at determining the attributes of firms' corporate social responsibility(CSR) that impact on construction firms' competitiveness in the Ghanaian construction industry and, to determine the relative impact of each of the attributes on indigenous construction firms' competitiveness s in the Ghanaian construction industry. This qualitative study employed the Delphi technique. Data collected was analyzed using the interquartile deviation, median, standard deviation, mean and percentile. The study had its theoretical basis in the stakeholder theory of corporate social responsibility; it revealed that, (9) attributes of firms' CSR impact on construction firms' competitiveness; with (2) having a very high impact (VHI: 9.00-10.00), whiles (7) recorded high impact (HI: 7.00-8.99). The study concludes that the attributes of firms' CSR that impact on indigenous construction firms' competitiveness include: having a well-functioning employees' conditions of service scheme, enhancing work-family balance for employees, and providing support for local business. The study recommends indigenous construction firms should ensure well-functioning of employee conditions of service scheme, work-family balance for employees, and provide support for local businesses in their quest of achieving competitiveness. This study will inform construction firms of the attributes of firms' CSR that impact on firms' competitiveness and aid policy makers in policy formulation.

Original languageEnglish
Pages (from-to)2502-2510
Number of pages9
JournalProceedings of the International Conference on Industrial Engineering and Operations Management
Volume2018
Issue numberSEP
Publication statusPublished - 2018
Event3rd North American IEOM Conference. IEOM 2018 -
Duration: 27 Sept 201829 Sept 2018

Keywords

  • Competitiveness
  • Construction industry
  • Corporate social responsibility
  • Ghana
  • Indigenous firms

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering

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