Presented at the 4th International Symposium on Innovative Approaches in Social, Human and Administrative Sciences (ISAS WINTER-2019 (SHS)), Samsun, Turkey, Nov 22, 2019

SETSCI Conference Proceedings, 2019, 11, Page (s): 240-246 , https://doi.org/10.36287/setsci.4.8.045

Published Date: 23 December 2019    | 2222     7

Chronically, the Nigerian pharmaceutical arena has witnessed a series of scandals, perhaps unprecedented level of unethical behaviors, cruelty or of a kind. These events have seriously shaken people’s belief. In general, such activities have left a black-hole in the Nigerian pharmaceutical supply chains. These asymmetries are due to unscrupulous elements, lax regulations and as well as deep failings of unregulated pharmaceutical frameworks. Therefore, this paper aims to unravel some of these events from tooth to nail so as to perform ethical analysis in the light of CSR and triple bottom line (social dimension). To achieve this, two theories were employed: Agency and Stakeholder theories. Based on the literature, CSR will certainly have bearings in the pharmaceutical supply chains. And business continuity may lies within the premise of CSR. In the light of the analysis, both agency and stakeholder theories consider such behaviors unethical. Reason being, their behaviors were found to be detrimental to their respective stakeholders. With this in view, this research will create awareness and serve as a reference to policy makers and other related parties.

Keywords - Corporate Social Responsibility, Supply chain, Agency theory, Stakeholder theory, Pharmaceutical

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