ABSTRACT
Thus far we far used a value added analysis and stakeholder framework as tools to consider the corporate social performance of the of the privatized electricity industry between privatization and March 1997. The previous chapter concluded that certain stakeholder groups have benefited more than others since privatization. The value added analysis and stakeholder framework enabled us to see how the corporate social performance had changed over the period. As yet though no theoretical explanation for these relative changes in benefits has been offered. This chapter considers these findings in light of institutional and resource dependence theory. More specifically this analysis draws heavily on the work of Oliver (1991), which considers ‘the convergent insights of institutional and resource dependence perspectives’ (p. 145). This chapter will next consider these theories and the framework developed by Oliver (1991) before applying it to the present case. Then the results of the previous chapters will be reviewed in light of this framework to discover whether it can more fully explain the developments over this period of time.
