Posted on 10 July 2012
This paper was submitted for 2012 European Doctoral Programmes Association in Management and Business Administration (EDAMBA) Thesis Competition and the paper was distinguished in the top ten papers for the award. The paper will also be published in the 2012 EDAMBA Journal which will be issued at the 2013 Annual Meeting.
Neveen’s paper, Oil Nationalisation and Managerial Disclosure: The Case of Anglo- Iranian Oil Company 1933-1951, aims to contribute towards the understanding of the Anglo-Iranian Oil Company (AIOC, now BP) practices in Iran and thereby providing a clear picture of how nationalisation evolved on 1st May 1951 and how it was perceived by the stock market. Contrasts are drawn between the management’s public view of the crisis and the actual events as documented in the literature and financial records. The study shows that the AIOC failed to fulfil its Corporate Social Responsibility (CSR) obligations towards the Iranian employees. The study also highlights that the AIOC management succeeded in maintaining the investors’ confidence during nationalisation.