Corporate Social Responsibility (CSR) in India: A Review

Jaysawal, Neelmani; Saha, Sudeshna

doi:10.20896/saci.v3i2.146

Cited by 6 publications

(3 citation statements)

References 4 publications

(10 reference statements)

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“…The United Nations Industrial Development Organization defines 'CSR as a management concept in which a company achieves a balance of economic, environmental, and social imperatives (triple-bottom approach), while also addresses the expectations of shareholders and stakeholders' (UNIDO, 2020). Similarly, the European Union states that CSR is meant to achieve the triple bottom line-profits, protecting the environment, and fighting for social justice (Neelmani et al, 2015). The European Commission (2011) defines CSR as "the responsibility of enterprises for their impacts on society" (Masoud, 2017).…”

Section: Corporate Social Responsibility: Conceptualizationmentioning

confidence: 99%

Practices of corporate social responsibility in the UAE banking sector: An assessment

Aarthi

Sahu

2021

jrems

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There is a conspicuous lack of research on Corporate Social Responsibility (CSR) practices undertaken in the United Arab Emirates, more so in the banking sector. This paper attempts to fill the gap by examining the government policies drawn up to support enterprises in their CSR efforts. The paper aims to examine the nature and practices of CSR undertaken by the banking sectors in the UAE. UAE's desire to go beyond being a tourist destination to an international business hub and financial market has resulted in their desire to set up CSR activities. In the UAE the banking sectors are the first to have adopted social responsibility and worked to advance it. Banks like Mashreq, ADCB, and Emirates NBD have actively involved themselves in CSR projects. For this study, ten UAE banks (Islamic and Non-Islamic banks) have been chosen based on purposive sampling to ensure the selected banks are currently or in the recent past involved themselves in CSR projects.

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Section: Corporate Social Responsibility: Conceptualizationmentioning

confidence: 99%

Practices of corporate social responsibility in the UAE banking sector: An assessment

Aarthi

Sahu

2021

jrems

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“…Besides, public sector enterprises should blend more social aspects of corporate responsibility, and CSR should be a crucial part of framing the mission and vision statement(Mansi, Pandey, & Ghauri, 2017). In addition, smaller companies show less interest in taking up CSR initiatives (Jaysawal & Saha, 2015). Companies need to formulate a strategic framework for successfully execution of social responsibility initiatives (Sharma, 2016).…”

Section: Review Of Literaturementioning

confidence: 99%

Corporate Social Responsibility and Spatial Inequality in India

Thadikaran¹

2021

TURCOMAT

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The study aims to determine whether there exist spatial inequalities in the Corporate Social Responsibility (CSR) spending among various states in India during the period 2017-2019 by considering section 135 of the Companies Act 2013, which elaborates on CSR provisions in India. The study has utilized secondary data published in the National CSR portal, maintained by the Ministry of Corporate Affairs. Percentage analysis and ranking were done for the 29 States to determine the existence of spatial inequalities in CSR spending. Furthermore, for an in-depth analysis, ten states (N=10) were taken as a sample to understand and analyse the impact of spatial inequalities. The study revealed that there exist spatial inequalities in CSR spending among various States. Moreover, the North-East States received the least amount of CSR in comparison to other states. The study provides insights to the government authorities, companies, and other stakeholders in implementing effective policies related to CSR. The study adds another field to the existing literature on CSR by incorporating the dimensions of spatial inequality and confirming the existence of spatial inequalities in CSR spending in India, which was not explored previously.Finally, the study points out the loophole present in section 135 of the Companies Act 2013, which elevates the spatial inequalities in CSR spending.

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“…The World Business Council for Sustainable Development (Holme and Watts, 2000) defines CSR as a "continuing commitment by businesses to behave ethically and contribute to economic development, while improving the quality of life of the workforce and their families, as well as of the local community and society at large". CSR, which has now become synonymous with business responsibility, corporate ethics, corporate citizenship and stewardship, is influenced by both governmental and corporate policies (Jaysawal and Saha, 2015). Government has a deep interest in businesses because they play a crucial role in the production of wealth and employment in society.…”

Section: Introductionmentioning

confidence: 99%

A win-win situation: uncovering the relationship between CSR reporting and financial performance in Indian companies

Singhania,

Arora,

Sardana

2023

IJLMA

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Purpose This study aims to evaluate the relationship of corporate social responsibility (CSR) reporting with the financial performance of firms using various market and accounting-based parameters in a developing economy, India. Design/methodology/approach The study uses content analysis to develop a CSR reporting index for the Indian firms listed on the Bombay Stock Exchange. The two-step system generalized methods of moments has been used for the estimation of the panel data. Findings The results from the study suggest that the CSR reporting-based activities of the firms may impact the financial performance of the firms, but at the same time, the need of the hour is to create awareness among the investors and market players so that they realize the relevance of CSR reporting, which can further improve other dimensions of financial performance as well. Research limitations/implications The study relies on Tobin’s Q and return on assets while measuring financial performance, though there are various other parameters that can be used to gauge the performance. The outcomes of this study have practical implications for the practitioners as well as policymakers, incentivizing them to integrate CSR aspects into their decision-making frameworks. Originality/value To the best of the authors’ knowledge, this is the first Indian study to develop a unique index for CSR reporting and linking it with financial performance. This study shall assist the researchers in broadening the scope of CSR studies in India and can be used to draw a systematic comparison with developed nations.

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Corporate Social Responsibility (CSR) in India: A Review

Cited by 6 publications

References 4 publications

Practices of corporate social responsibility in the UAE banking sector: An assessment

Practices of corporate social responsibility in the UAE banking sector: An assessment

Corporate Social Responsibility and Spatial Inequality in India

A win-win situation: uncovering the relationship between CSR reporting and financial performance in Indian companies

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