Human Right and Stable Economic Growth: Implications for Corporate Social Responsibility Almazari Ahmad Aref1, Adebimpe Oyewobi Ifeoluwapo2, Ali Mazurina Mohd3,* 1Administrative Sciences Department-RCC, King Saud University, Riyadh, Saudi Arabia 2Department of Accounting, Faculty of Administration, Bingham University, Nasarawa State, New Karu 3Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia *Corresponding author: mazurina@uitm.edu.my (ORCID ID: 0000-0002-2877-3414)
Online Published on 25 October, 2023. Abstract Stable economic growth is usually a factor of several indices. Modern economists generally believe that economic growth is principally and primarily influenced by factors around it thus, the paper studied the relationship between human rights and stable economic growth observing that these variables could affect directly on corporate social responsibility initiatives. The study examined the nexus between human rights, stable economic growth and corporate social responsibilities. Explorative research design was adopted. The study adopted secondary sources of data. The study sample size was the 19 countries in the population of G-20. The study explanatory variable is human right, measured by Best Countries Index, while the dependent variable is stable economic growth, measured by Gross Domestic Product per capital and Human Development Index. Ordinary least square regression analysis was adopted. The findings of the study exposed that measuring a country’s human rights does not immediately translate to an improved economy. There is a need to improve the measurement criteria of human rights and make it more economical and quantitative to aid scientific testing. The study concludes that a country that monitors and improves its human rights indicators and encourages formal and informal businesses to embark on corporate social responsibilities would improve its ratings. The study recommends that countries should make a conscious effort to improve the defense of human rights to reflect the country’s perception and its image. The study would assist policymakers in measuring human rights and formulate policies that would assist the government in pursuing these factors deliberately to improve economic growth. Highlights This paper is devoted to highlighting the relationship between human rights and stable economic growth and the effect of these variables on corporate social responsibility initiatives. The study suggested that a country’s human rights does not immediately translate to an improved economy. However, a country that improves and monitors its human rights and encourages businesses to embark on corporate social responsibilities would improve its ratings. The study recommends that countries should make an effort to improve the defense of human rights to reflect the country’s perception and its image.
Top Keywords Human rights, Economic growth, Corporate social responsibility, Gross domestic product. Top |