The purpose of this paper is to ascertain the level of CSR reporting of the top multinational hotel groups in Mauritius. Content analysis method is used to identify the social responsibility patterns found in their annual reports. This study thus investigates the level and the reasons for CSR disclosure of multinational groups in the hospitality sector in Mauritius through a review of their annual reports. The aim is to explore the possibility of using the legitimacy theory as a plausible explanation for CSR reporting practices by multinational hotel groups in the context of a developing country. Mauritius proves to be an interesting case study as the hotel industry is one of the main engines of growth and the country is also actively trying to attract foreign investors in terms of FDI and multinational enterprises (MNEs). Furthermore, the country has also made it mandatory for profit making entities to devote 2% of their book profits to CSR activities since 2009. The annual reports of 6 hotel groups have been analysed using the Global Reporting Initiative (GRI) indicators. The study shows that CSR reporting is prevalent among all the hotel groups in the sample but there is no primary area of CSR focus in the sector. The emphasis placed on CSR also varies significantly. Furthermore, the majority of the CSR information tend to relate to particular categories showing that the hotel groups take a narrow view of CSR and tend to prioritise particular areas at the expense of others. The findings also suggest that the disclosures tend to have a public-relations bias, with 'good news' type of disclosures being mostly dominant while 'bad news' disclosures tend to be minimal. The findings thus provide some support for legitimacy theory in explaining CSR disclosures.

Although resource rich, sub-Saharan Africa (SSA) has in general been characterised by poor economic performance and widespread poverty. The region is, however, now poised to enjoy high levels of growth and is increasingly attracting foreign direct investment (FDI). However, it is important to determine the sustainability of this development path. Given the lack of research on sustainability in the context of SSA, this study attempts to bridge this gap. A capital approach is adopted using the genuine savings (GS) rate computed by the World Bank, a measure of weak sustainability. GS endeavour to assess the sustainability path of countries, based on how ‘well’ they manage their total capital stock through the difference between consumption in natural capital and counter-balancing investments in other forms of man-made capital, namely physical and human. Since GS is based on the assumption of perfect resource substitutability, it can be taken as a limit value of sustainability whereby a country experiencing a positive value of GS is deemed to be weakly sustainable. This article thus aims to investigate whether SSA is on a sustainable development path and the factors affecting GS for this sample of countries. This study looks at a panel data set of 30 SSA countries over a period of 35 years. The fixed, random as well as dynamic effects are taken into account using System-GMM. In particular, improving institutional quality in the countries considered in the sample could directly and significantly improve their weak sustainability. JEL Classification: O11, Q01, B22, C23