The Relationship Between Corporate Social Responsibility and the Social Impact: A Case Study

The purpose of this paper is to analyze the connection between corporate social responsibility (CSR) and social impact within the oil industry in an emerging market. Also, this paper introduces a comparative case study evaluation of three oil operations in Peru. This analysis is qualitative in nature and is complemented by secondary sources of information and the emerging literature on social impact, which gives high relevance to this study. The findings show that there are different stages of this relationship. Oil companies should focus on community responsibility, environmental responsibility and stakeholder engagement to get social impact, otherwise, if they fail in one or two conditions, Social Impact is partially accepted or withdrawn.