Mandatory Corporate Social Responsibility as a Vehicle for Reducing Inequality: An Indian Solution for Piketty and the Millennials

Gopalan, Sandeep; Kamalnath, Akshaya

doi:10.2139/ssrn.2492923

Cited by 8 publications

(5 citation statements)

References 62 publications

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“…This can be attributed to the lack of regulations and regulatory agencies necessary for CSRD to succeed. Government regulations and reporting guidelines influence CSRD practices, for example, applying sanctions if no action is taken (Gopalan and Kamalnath, 2015), but within the situation in Libya, this is not evident. While these findings are in line with several previous studies (for example, Amran and Devi, 2008;Islam and Deegan, 2008;Pedersen et al, 2013), which indicate that the government has some influence on companies to participate in the RSC contradicts the negative influence evidence of Dam and Scholtens (2012).…”

Section: Discussionmentioning

confidence: 99%

The influence of institutional context on corporate social responsibility disclosure: a case of a developing country

Alshbili

Elamer

2019

Journal of Sustainable Finance & Investment

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The influence of institutional context on corporate social responsibility disclosure: a case of a developing country In this paper, we examine the influence of the institutional environment on the adoption of Corporate Social Responsibility Disclosure (CSRD) in Libya. In doing so, we use isomorphism as a neo-institutionalist theoretical construction that explores whether institutional factors act as pressures for CSRD practices. Using a qualitative method, the findings show that, despite managers perceive some coercive, mimetic and normative pressures interplay to influence CSRD, the revision of the firms' laws and policies and the establishment of CSRD regulations and monitoring institutions should be established and undertaken to improve accounting disclosure. The results propose important implications for adapting CSRD for firms and policy-makers in developing countries.

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Section: Discussionmentioning

confidence: 99%

The influence of institutional context on corporate social responsibility disclosure: a case of a developing country

Alshbili

Elamer

2019

Journal of Sustainable Finance & Investment

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“…39 Since India now has a law for compulsory CSR spending, there is an increasing concern regarding social responsibility and its importance from an Indian perspective. 40 King and Epstein note that a critical step in research is to identify the target population. This is important in order to ensure that the data sample corresponds to the research target.…”

Section: Methodsmentioning

confidence: 99%

Understanding Sustainable Practices within Global Compact and CSR Policy Framework: Through the Lens of Indian Corporations

Gupta¹

2018

Enterprise Governance eJournal

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United Nations Global Compact (UNGC) is one of the initiatives by the United Nations for developing and communicating Corporate Social Responsibility (CSR). However, until now very few studies have been conducted evaluating the Global Compact (GC) perception of companies and their CSR strategies. This article, by case study method using three fortune 500 Indian companies, aims to understand how UNGC is used by Indian companies in practice and the role GC has played in influencing their CSR strategies. This article also recommends that the companies' CSR policies require a multi-dimensional strategy while operating within the paradigm of the UNGC. The major reflection from the study is that the GC principles are seen only as the compliance norms and do not provide enough momentum for the companies to perform better in the enlisted areas of practice.

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“…136 In fact, in its articulation of CSR as demanding the integration of economic, environmental and social concerns, the NGT in Aam Janta 137 distinguished between the philanthropic model contained in Section 135 and the broader stakeholder approach to CSR. 138 The 2 per cent expenditure requirement, coupled with the MCA's compliance-centric approach, advocates a vision of CSR that encourages tokenism. 139 Companies equate the CSR with corporate philanthropy and consider the expenditure as the finish line of their corporate citizenship endeavor.…”

Section: Part Iii: the Potential Of Csr In Addressing The Tragedy: A Case In Rhetoricmentioning

confidence: 99%

Directors’ duties, CSR and the tragedy of the commons in India: Mutual coercion mutually agreed upon

Mandal

2021

Environmental Law Review

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This article argues that humanity is locked into a system culminating in the tragedy of the commons (ToC), and swift action is required to course-correct. Undeniably, companies are the single-largest users of natural resources. To that extent, this article puts forward two interrelated proposals on refining directors’ duties under Section 166 of the Indian Companies Act 2013 and CSR under Section 135 to help avert the ToC. Part I of this article outlines Hardin’s theory of the ToC and examines why corporations fit his definition of the self-interested, rational economic agent. Part II analyses the stakeholder theory embedded in the Indian Companies Act 2013 and highlights its enforcement lacunae. It subsequently proposes a new directorial duty to conduct company business in accordance with principles of sustainable development. Thereafter, Part III proceeds to re-conceptualise the notion of corporate social responsibility (CSR) in Section 135 of the Companies Act 2013 to position CSR as an avenue towards averting the ToC. Part IV concludes. The proposals put forth by this article in Parts II and III do not require paradigm shifts but are consistent with the stakeholder orientation of Indian corporate law, and therefore more easily attainable than most other countries.

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Mandatory Corporate Social Responsibility as a Vehicle for Reducing Inequality: An Indian Solution for Piketty and the Millennials

Cited by 8 publications

References 62 publications

The influence of institutional context on corporate social responsibility disclosure: a case of a developing country

The influence of institutional context on corporate social responsibility disclosure: a case of a developing country

Understanding Sustainable Practices within Global Compact and CSR Policy Framework: Through the Lens of Indian Corporations

Directors’ duties, CSR and the tragedy of the commons in India: Mutual coercion mutually agreed upon

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