New PIJM now accepts submissions exclusively via the Editorial Scholar portal — a dedicated submission & review system.
Go to Editorial Scholar →
Associated Management Consultants Pvt. Ltd. | COPE Member
Scopus Q2 UGC-CARE |
Prabandhan: Indian Journal of Management logo

Prabandhan: Indian Journal of Management

ISSN: 0975-2854 Frequency: Monthly Peer Review: Double-blind Published since: 2008 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q2 UGC-CARE Group II Google Scholar J-Gate NISCAIR Crossref Cabell's Journalytics

An Analytical Study of Corporate Social Responsibility Spending by Companies Based on Government of India's CSR Mandate

Open Access Original Article

An Analytical Study of Corporate Social Responsibility Spending by Companies Based on Government of India's CSR Mandate

G. Ramesh1,  Shilpa Peswani2

1 Associate Professor and Program Head - MMS, St Francis Institute of Management and Research, Gate No.5, Mt. Poinsur, SVP Road, Borivali West, Mumbai- 400 103

2 Assistant Professor, Department of Finance, St Francis Institute of Management and Research, Gate No.5, Mt.Poinsur, SVP Road, Borivali West, Mumbai -400 103

Volume 10
Issue 3
Pages 35–52
Year 2017
Received: July 3, 2016 Accepted: Feb. 22, 2017 Published: March 1, 2017
Abstract

Over the years, the concept of corporate social responsibility (CSR) has gained wider implications not only from a philanthropic perspective, but also from a real business standpoint. This paper attempted to identify how large and successful companies in India have contributed towards CSR activities on the basis of norms and regulations prescribed by the Indian authorities as stipulated in the Company's Act, 2013. This paper also attempted to categorize the companies based on the degree of conducting various CSR activities as mandated by the Companies Act. We have provided the findings and recommendations on the basis of descriptive and inferential analysis. This paper also attempted to deliver some guidance to those companies who are yet to start their CSR activities or have contributed very little on the CSR front.

Keywords Corporate Social Responsibility CSR Companies Act 2013
How to Cite

G. Ramesh, Shilpa Peswani (2017). An Analytical Study of Corporate Social Responsibility Spending by Companies Based on Government of India's CSR Mandate. Prabandhan: Indian Journal of Management, 10(3), 35–52. https://doi.org/10.17010/pijom/2017/v10i3/111425

References
  1. Aupperle, K. E., Carroll A. B., & Hatfield J. D. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of Management Review, 28 (2), 446 - 463.
  2. Bromiley, P., & Marcus, A. (1989). The deterrent to dubious corporate behavior : Profitability, probability, and safety recalls. Strategic Management Journal, 10 (3), 233 -250.
  3. Chandra, R., & Kaur P. (2015). Corporate social responsibility spends in corporate India and its composition. The IUP Journal of Corporate Governance, XIV(1), 68 - 79.
  4. Freedman, N., & Jaggi, B. (1982). Pollution disclosures, pollution performance, and economic performance. Omega, 10 (2), 167 - 176.
  5. Gautam, R., & Singh, A. (2010). Corporate social responsibility practices in India : A study of top 500 companies. Global Business and Management Research : An International Journal, 2 (1), 41-56.
  6. Griffin, J. J., & Mahon, J. F. (1997). The corporate social performance and corporate financial performance debate. Business & Society, 36 (1), 5 - 31.
  7. Gupta, A.D. (2007). Social responsibility in India towards global compact approach. International Journal of Social Economics, 34 (9), 637 - 663.
  8. Handique, M. (2008, March 11). Companies focus more on social responsibility projects in villages. Livemint.com. Retrieved from <a href=http://www.livemint.com/Companies/tbPKZtComnXRmjGj9WXObK/Companies-focus-more-on-social-responsibility-projects-in-vi.html target="_blank">http://www.livemint.com/Companies/tbPKZtComnXRmjGj9WXObK/Companies-focus-more-on-social-responsibility-projects-in-vi.html</a>
  9. McGuire, J. B., Sundgren, A., & Schneeweis, T. (1988). Corporate social responsibility and firm financial performance. Academy of Management Journal, 31(4), 854 - 872.
  10. Ministry of Corporate Affairs. (n.d.). The Companies Act, 2013. Retrieved from <a href=http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf target="_blank">http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf</a>
  11. Mohan, A. (2001). Corporate citizenship : Perspectives from India. Journal of Corporate Citizenship, 12 (2), 107-17.
  12. Pachar, S., & Singh, R. (2013). A study on stakeholder perspective regarding the CSR model for Indian organizations : Some key issues. Prabandhan: Indian Journal of Management, 6(11), 22 - 32. DOI: 10.17010/pijom/2013/v6i11/60043
  13. Rai, S., & Bansal, S. (2014). An analysis of corporate social responsibility expenditure in India. Economic and Political Weekly, 49 (50). Retrieved from <a href=http://www.epw.in/node/130387/pdf target="_blank">http://www.epw.in/node/130387/pdf</a>
  14. Ruf, B. M., Muralidhar, K., Brown R.M., Janney, J. J., & Paul, K. (2001). An empirical investigation of the relationship between change in corporate social performance and financial performance : A stake-holder theory perspective. Journal of Business Ethics, 32 (2), 143 - 156.
  15. Securities and Exchange Board of India. (n.d.). SEBI Listing. Retrieved from <a href=http://www.sebi.gov.in/commreport/clause49.html target="_blank">http://www.sebi.gov.in/commreport/clause49.html</a>
  16. Shinde, S. (2005). Social responsibility corporate style. Retrieved from <a href=http://www.expresscomputeronline.com/20050502/technologylike01.shtml target="_blank">http://www.expresscomputeronline.com/20050502/technologylike01.shtml</a>
  17. Singh, R. K. (2013). Corporate social responsibility : A business solution for sustainable and inclusive development. Prabandhan: Indian Journal of Management, 6 (12), 5 - 17. DOI: 10.17010/pijom/2013/v6i12/60049
  18. Waddock, S. A., & Graves, S.B. (1997). The corporate social performance : Financial performance link. Strategic Management Journal, 18 (4), 303 - 320.
  19. Wright, P., & Ferris, S. (1997). Agency conflict and corporate strategy : The effect of divestment on corporate value. Strategic Management Journal, 18 (1), 77 - 83.
Editorial Scholar

Submit your Research to PIJM

Submit your Manuscript → Author Guidelines