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The Legitimacy of Direct Corporate Humanitarian Investment

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  • Dunfee, Thomas W.
  • Hess, David

Abstract

Private firms are uniquely positioned to provide significant relief to the misery that pervades the developing world. Global misery has persisted due to a variety of failures in the provision of relief by nation-states and non-governmental organizations, including corruption and the absence of strong background institutions in the countries in need of aid. In many situations, private firms have a comparative advantage over these entities in the provision of aid. Examples such as Merck and the cure for river blindness show how firms can use their specific competencies and knowledge to relieve misery through Direct Corporate Humanitarian Investment (DCHI). DCHI is legitimized by marketplace morality and is consistent with the role of business within society, including legal dimensions. Shareholders may formally approve a corporation’s DCHI strategy and all stakeholders may act in support of their moral desires with respect to the firm and its DCHI strategy.

Suggested Citation

  • Dunfee, Thomas W. & Hess, David, 2000. "The Legitimacy of Direct Corporate Humanitarian Investment," Business Ethics Quarterly, Cambridge University Press, vol. 10(1), pages 95-109, January.
    • Handle: RePEc:cup:buetqu:v:10:y:2000:i:01:p:95-109_00
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    Citations

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    Cited by:

    1. Baris Parkan, 2009. "On Multinational Corporations and the Provision of Positive Rights," Journal of Business Ethics, Springer, vol. 85(1), pages 73-82, February.
    2. Salla Laasonen & Martin Fougère & Arno Kourula, 2012. "Dominant Articulations in Academic Business and Society Discourse on NGO–Business Relations: A Critical Assessment," Journal of Business Ethics, Springer, vol. 109(4), pages 521-545, September.
    3. Pete Tashman & Valentina Marano, 2009. "Dynamic Capabilities and Base of the Pyramid Business Strategies," Journal of Business Ethics, Springer, vol. 89(4), pages 495-514, March.
    4. Katinka Cranenburgh & Daniel Arenas, 2014. "Strategic and Moral Dilemmas of Corporate Philanthropy in Developing Countries: Heineken in Sub-Saharan Africa," Journal of Business Ethics, Springer, vol. 122(3), pages 523-536, July.
    5. Krishna Udayasankar, 2008. "Corporate Social Responsibility and Firm Size," Journal of Business Ethics, Springer, vol. 83(2), pages 167-175, December.
    6. Nien-hê Hsieh, 2009. "Corporate Social Responsibility and the Priority of Shareholders," Journal of Business Ethics, Springer, vol. 88(4), pages 553-560, October.
    7. Elvia Shauki, 2011. "Perceptions on corporate social responsibility: A study in capturing public confidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(3), pages 200-208, May.
    8. Michael Aßländer, 2011. "Corporate Social Responsibility as Subsidiary Co-Responsibility: A Macroeconomic Perspective," Journal of Business Ethics, Springer, vol. 99(1), pages 115-128, March.

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