An Analysis of Corporate Social Responsibility Expenditure in Selected Indian Companies

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Dr. Asha Sharma
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Citizenship ◽  
Corporate Sustainability ◽  
Business Organizations ◽  
Socially Responsible ◽  
Net Worth ◽  
Standards Of Living ◽  
Social Cause ◽  
Corporate Social

Corporate social responsibility has become an inevitable priority for business leaders across the globe in recent times. More and more Indian business organizations embrace the practice of CSR under different names such as corporate sustainability, social responsibility, and corporate citizenship. CSR is concerned with treating the internal and external stakeholders of the firm ethically or in a socially responsible manner and the wider aim of corporate social responsibility is to create higher and higher standards of living, while preserving the profitability of the corporation, for its stakeholders. Under the new Companies Act, 2013, passed by Parliament in August 2013, Companies with net worth over 500 crores or turnover of over 1000 crores or net profit of 5 crores, two per cent of average profit of previous three years needs to be spent for social cause. Corporate Social Responsibility (CSR) has gained considerable interest among academicians and business organizations in the past decade.The aim of this paper is to describe the existing practices of corporate social responsibility in Public Sector Enterprises in India. It is tried to find out whether the selected companies fulfilling their CSR spending requirement of 2% of average profit or not.

scholarly journals The behavior of Brazilian companies shares return under social responsibility

2019 ◽  
Vol 24 (3) ◽  
pp. 49
Author(s):  
Fernanda Bojikian Cavenaghi ◽  
Tabajara Pimenta Junior ◽  
Rafael Moreira Antônio ◽  
Fabiano Guasti Lima ◽  
Ana Carolina Costa Corrêa
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Economic Performance ◽  
Corporate Sustainability ◽  
Cointegration Test ◽  
Business Practices ◽  
Socially Responsible ◽  
Corporate Social ◽  
Stationarity Tests

Several scientific studies seek to establish a relationship between the adoption of corporate social responsibility practices and financial and/or economic performance of companies. There are no definitive answers to this question. Compared performance of ISE – Índice de Sustentabilidade Empresarial (Index of Corporate Sustainability) and Ibovespa index, both from Brazilian stock market, is often used to characterize the influence of good business practices in this area. This work investigated this question in an innovative prism. Instead of using directly that index returns series, we constructed a portfolio composed only of companies that remained in ISE portfolio over the five years from 2012 to 2016, and compared their performance with a portfolio of an equal number of companies, taken among the most liquid ones that continuously participated in the Ibovespa portfolio in same period. For this purpose, we used Mann-Whitney averages comparison test, return series stationarity tests – Augumented Dickey-Fuller and Phillips-Perron - and Engle-Granger cointegration test. The results showed higher average returns for portfolio of socially responsible companies, indicating a growth of their returns compared to portfolio of conventional companies, and showed, however, a tendency to balance in long term run.

Corporate Social Responsibility and Sporting Events

2014 ◽  
pp. 88-102
Author(s):  
Samuel M. Bradley
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
National Football League ◽  
Major League Baseball ◽  
Sporting Events ◽  
Business Organizations ◽  
Socially Responsible ◽  
Responsible Behavior ◽  
Corporate Social ◽  
English Premier League

All businesses are expected to behave in socially responsible ways. These responsibilities include ethical treatment of employees and all stakeholders, addressing environmental issues in a sustainable manor, and contributing to the community. Corporate social responsibility is not just a concern for the manufacturers of products, but extends to all business organizations including professional teams and sporting organizations. The chapter discusses the importance of corporate socially responsible behavior and then focuses on the importance of such behavior by sporting teams and organizations. A specific discussion is presented about the responsible social behavior undertaken by the National Football League, Major League Baseball, NASCAR, Formula I racing, FIFA, the English Premier League, and the Olympic Games.

scholarly journals THE CORPORATE SUSTAINABILITY TYPOLOGY: ANALYSING SUSTAINABILITY DRIVERS AND FOSTERING SUSTAINABILITY AT ENTERPRISES

2016 ◽  
Vol 24 (2) ◽  
pp. 513-533 ◽  
Author(s):  
Winston JERÓNIMO SILVESTRE ◽  
Paula ANTUNES ◽  
Walter LEAL FILHO
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Corporate Citizenship ◽  
Corporate Sustainability ◽  
Doing Business ◽  
Entrepreneurial Activities ◽  
Corporate Social ◽  
New Framework

Much has been written about the need for more humane, ethical, socially just and trans­parent ways of doing business and performing entrepreneurial activities. Consistent with this, con­cepts such as sustainable development, corporate citizenship, corporate sustainability (CS), sus­tainable entrepreneurship, business ethics, and corporate social responsibility (CSR), among many others, have emerged. This diversity of expressions raises the need to development a new typology for to CS. This paper addresses this gap and describes a framework typology for corporate sustain­ability, by analysing sustainability drivers and the interactivity factors in the context of sustainability. It also describes the various types of sustainable emphasis given by companies and their associated levels of CS, which may pave the way for a new framework typology.

Applying Ubuntu-Botho African ethics to stakeholder corporate social responsibility

2014 ◽  
Vol 12 (3) ◽  
pp. 222-239 ◽  
Author(s):  
Khali Mofuoa
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Secondary Data ◽  
Sub Saharan Africa ◽  
Business Organizations ◽  
Socially Responsible ◽  
Content Type ◽  
African Ethics ◽  
Sub Saharan ◽  
Corporate Social

Purpose – This paper aims to explore, with the view to establish the prospects of applying Ubuntu-Botho African approach to stakeholder corporate social responsibility (CSR) for business organisations in sub-Saharan Africa (SSA), the experience of Basotho of Lesotho in using Ubuntu-Botho African principles and practices to pursue their socially responsible development fashioned in social responsibility (SR) terms. Design/methodology/approach – Using data mainly from desktop research, the theoretical or conceptual content of the paper was established to inform the discussions on the prospects of applying Ubuntu-Botho African principles and practices to stakeholder CSR for business organisations in SSA. Findings – Ubuntu-Botho African approach to stakeholder CSR could generate a very different notion of ideal SR of business organizations in the context of SSA as the experience of Basotho of Lesotho reveals. Whether or not one is persuaded by this Ubuntu-Botho approach to stakeholder CSR, the discussion serves to illuminate the need to broaden the terms of the debate over the appropriate role of business organizations, at least in the context of SSA, regarding their CSR and performance within which they operate. Originality/value – The paper mainly uses secondary data that is considered to be most relevant, valid and reliable to inform discussions on the prospects of the application of Ubuntu-Botho African ethics to stakeholder CSR for business organisations in the context of SSA. The author’s knowledge of Lesotho – where he lived, studied and worked – informed the writing of this paper, as well as discussions on the prospects of applying Ubuntu-Botho African approach to stakeholder CSR for business organisations in SSA using the experience of Basotho of Lesotho in engineering their socially responsible development to become the granary of Southern Africa in 1900s.

scholarly journals Korporatyvinės socialinės atsakomybės raiška verslo organizacijų veikloje: nesocialiai atsakingą veiklą vykdančių organizacijų socialinės atsakomybės veikla

2010 ◽  
Vol 52 ◽  
pp. 55-67 ◽  
Author(s):  
Renata Matkevičienė
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Qualitative Analysis ◽  
Tobacco Use ◽  
Local Community ◽  
Web Pages ◽  
Business Organizations ◽  
Socially Responsible ◽  
Corporate Social ◽  
Advertising And Promotion

Verslo organizacijos, kurios pastaruoju metu priverstos itin aktyviai konkuruoti, vis dažniau pristatydamos savo veiklą pabrėžia socialinę veiklą, veiksmus, kurie pristato organizaciją kaip aktyvią bendruomenės narę, besirūpinančią tiek darbuotojais, tiek aplinka. Socialinės atsakomybės veikla, kuria organizacijos prisistato suinteresuotiesiems, gali būti įvardijama kaip viena iš korporatyvinės komunikacijos priemonių. Tačiau kyla klausimas, ar socialinės atsakomybės veikla kaip ryšių su suinteresuotaisiais priemonė gali būti taikoma visų organizacijų, net ir tų, kurios vykdo nesocialiai atsakingą veiklą, yra alkoholio ir tabako gamintojos. Šios straipsnio tikslas – apžvelgti korporatyvinės socialinės atsakomybės veiklos taikymo korporatyvinėje komunikacijoje galimybes ir šios veiklos raišką nesocialiai atsakingą veiklą vykdančiose organizacijose. Straipsnyje pristatoma korporatyvinės socialinės atsakomybės apibrėžtis, nurodant esminius korporatyvinės socialinės atsakomybės interpretavimo ir raiškos aspektus, išryškinant socialiai atsakingos veiklos organizacijų korporatyvinės socialinės atsakomybės veiklą. Pateikiami 2008 metų Lietuvos alkoholio gamintojų socialinės atsakomybės veiklos raiškos tyrimo rezultatai.Pagrindiniai žodžiai: organizacijos komunikacija, socialinė atsakomybė, korporatyvinė socialinė atsakomybė, nesocialiai atsakingą veiklą vykdančios organizacijos.Manifestation of Corporate Social Responsibility in Activities of Business Organizations: Corporate Social Responsibility of not Socially Responsible Business Organizations in Lithuanian Alcohol MarketRenata Matkevičienė SummaryBusiness organizations that work in alcohol and smoke producers’ market, to avoid notoriety and low reputation in national / regional / international community, use tools of corporate social responsibility. The question discussed in the paper is based on assumptions that business organizations that produce goods such as alcohol or tobacco use tools of social responsibility to create and manage their reputation. Qualitative analysis of the content of news presented on business organizations’ web pages show that these organizations are more careful about manifestation of their international activities that could be named as socially responsible and are presented in English, than about the activities that are presented for local community in the Lithuanian language. The investigation presented in the article shows the tendency of manifestation of corporate social responsibility activities as a means of marketing but not as social projects oriented towards community (national / regional / international). The research carried out in 2008 and presented in the article shows that the business organizations that work in the not socially responsible market use corporate social responsibility only as much as it is useful for advertising and promotion activities.

scholarly journals Measurement of Corporate Social Responsibility: A Review of Corporate Sustainability Indexes, Rankings and Ratings

2020 ◽  
Vol 12 (5) ◽  
pp. 2153 ◽  
Author(s):  
Borja Diez-Cañamero ◽  
Tania Bishara ◽  
Jose Ramon Otegi-Olaso ◽  
Rikardo Minguez ◽  
José María Fernández
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stakeholder Theory ◽  
Corporate Sustainability ◽  
Theoretical Concept ◽  
Traditional Role ◽  
Socially Responsible ◽  
Responsible Investment ◽  
The Common ◽  
Corporate Social

Companies are currently changing their traditional role in society and transforming it into a proactive role in which their operations generate social and environmental positive impacts. Corporate Social Responsibility (CSR) has evolved from simple philanthropy to a more theoretical concept with a new corporate philosophy that takes all the interests of all stakeholders into consideration. The financial market is pushing the development of Socially Responsible Investment (SRI), which has led to the rise of Corporate Sustainability Systems (CSS). These CSSs are tools that rate corporate performance on sustainability. However, they constitute a chaotic universe, with instruments of different nature. This paper identifies and groups the common characteristics of the CSSs into three different typologies: Indexes, Rankings and Ratings. Despite this classification, and although the fundamental pillar of CSR is the “Stakeholder Theory”, CSSs are still not ideal tools to be used by all stakeholders. From the magma of CSSs, this article identifies and describes, through a comparative analysis, those which best comply with the “Stakeholder Theory”. This paper facilitates the work of researchers and stakeholders by exposing the differential characteristics of the most important CSSs.

scholarly journals Doing Good with Creative Accounting? Linking Corporate Social Responsibility to Earnings Management in Market Economy, Country and Business Sector Contexts

2019 ◽  
Vol 11 (17) ◽  
pp. 4568 ◽  
Author(s):  
Mutuc ◽  
Lee ◽  
Tsai
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Market Economy ◽  
Financial Reporting ◽  
Corporate Citizenship ◽  
Management Strategies ◽  
Business Sector ◽  
Socially Responsible ◽  
Corporate Social

The mandate of doing good with earnings management has been a subject of inconclusive findings from the past literature and leave issues on the benefits of socially responsible activities and financial reporting of the company. This study investigates the effects of corporate social responsibility (CSR) on accrual-based (AEM) and real-activities earnings management (REM). This study hypothesized that the trade-off exists between these two earnings management strategies, in light of increasing attention of CSR among Asian firms. In addition, this study examines whether the performance of firms in socially responsible activities exhibit different patterns of effect across the two measures of earnings management under the market economy, country, and business sector contexts. This study contemplates on 3906 firm-year observations from 2011 to 2017 of eleven countries in Asia. Our findings show that CSR conceals AEM while it constrains REM. These effects vary according to the market economy classifications, country, and business sector types. Each market, country and business sector has different standpoints in implementing CSR activities and earnings management relevant to the culture, macroeconomic considerations and demands from the stakeholders. Lastly, the discernment on the relevance of building corporate citizenship on financial reporting transparency is elaborated.

Corporate Social Responsibility: A Perspective

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 479-489
Author(s):  
Dr. Nistha Sharma ◽  
Neelakshi Kaushik
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Gender Equality ◽  
Net Worth ◽  
Net Profit ◽  
Corporate Social

As Corporate Social Responsibility (CSR) continues to mature, one of the paradigms shifts we’ve seen in recent years is a move towards “values”. CSR motivates companies to be ethically right by contributing socially, economically and environmentally. In 2014, government made mandatory for companies to spend 2 per cent of their three-year average annual net profit on CSR activities in each financial year, starting from Financial Year 2015. The norms are applicable to the companies with at least Rs 5 crore net profit or Rs 1,000 crore turnover or Rs 500 crore net worth. As an amendment to The Companies Act, 2013, businesses can invest their profits in areas such as education, poverty, gender equality, and hunger.

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