Paper long abstract:

The purpose of this paper is to explore CSR of MNCs Turkmenistan, a transition economy in Central Asia. The article analyzes CSR activities of MNCs in the country. The findings of the study are based on the content analysis research design in order to get an in-depth understanding of the key CSR themes and activities reports to the audience. Multiple sources of publicly available qualitative data on MNCs operating in Turkmenistan's oil and gas industry (CSR reports, annual reports, websites of the companies, local news outlets reporting about CSR of foreign companies) are coded to generate the findings. The findings are based on CSR practices that are explicitly stated and do not include informal/implicit CSR activities of the companies. Additionally, the findings are based on a limited number of companies reviewed. This paper contributes to the literature on CSR in transition economies of Central Asia with the aim to provide a contextualized explanation of the MNCs CSR in transition economy setting as well as policy recommendations regarding oil and gas MNC in Central Asia CSR reporting practices, level of disclosure and local stakeholders' involvement in CSR activities.