Corporate social responsibility practices of public sector and private sector companies in India

In the era of globalisation the corporate social responsibility is playing vital role not only to provide social services but also to popularise the organisation reputation. It is also a way of advertisement for industrial undertakings not only in India but also everywhere. The study has done to acknowledge the important activities as well as impact of CSR and conducted in ten reputed private and public sector organisations in the country. Different impediments and positive impacts have been analysed and interpreted in the study.

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Corporate Social Responsibility – A Case Study on Strategies of Indian Private and Public Sector Banks

International Journal of Case Studies in Business, IT, and Education ◽

10.47992/ijcsbe.2581.6942.0127 ◽

2021 ◽

pp. 162-183

Author(s):

G. Nandini Prabhu ◽

P. S. Aithal

Keyword(s):

Corporate Social Responsibility ◽

Public Sector ◽

Social Responsibility ◽

Private Sector ◽

Related Case ◽

Public Sector Banks ◽

Private And Public ◽

Public Banks ◽

Corporate Social

Purpose: The banking industry in the service industry sector in India contributes to the economy of the country by mobilizing the deposits and providing credits to other industries, industry sectors, and individuals. As per new government policy, private banks mandatorily and public banks are voluntarily required to contribute to corporate social responsibility fund of 2% of the profit on social service activities to address a variety of societal needs. It is interesting to know how Indian banks have utilized CSR funds by means of smart decision-making. It is interesting to compare the CSR activities of some selected public and private sector banks in India, to know their smart strategies for improving the organizational business benefits. Design/Methodology: This study identifies and analyses various social responsibility programs organized by selected banking organizations of India. The data and information used are obtained from websites of chosen banks, bank literature from different websites, banks statements, and related case studies. Findings: The government has declared that companies earning a profit of 500 crores or more should establish a CSR team that should contain three or more executives and one independent administrator to develop CSR guidelines and to handle the CSR activities. Based on the comparison of CSR activities between private and public sector banks, it is found that the CSR activities offered by private sector banks focused on directly supporting their customer services and CSR activities offered by public banks are indirectly supported their brand-building activities so that these two types of banks could get benefit in terms of customer satisfaction and promotion of their services to weaker sections of the society, respectively. Originality/Value: This research paper analyzes the role played by private and public banks in the effective implementation of their corporate social responsibilities by segregating the CSR activities into inbound and outbound activities. Paper type: Research Case study.

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Corporate Social Responsibility Practices in Indian Petroleum Companies: A Case Study of Selected PSUs

Think India ◽

10.26643/think-india.v21i3.7758 ◽

2018 ◽

Vol 21 (3) ◽

pp. 13-18

Author(s):

Abhijit Ranjan Das ◽

Subhadeep Mukherjee

Keyword(s):

Corporate Social Responsibility ◽

Public Sector ◽

Social Responsibility ◽

Business Environment ◽

Annual Reports ◽

Net Worth ◽

Net Profit ◽

Petroleum Companies ◽

Corporate Social

Corporate Social Responsibility (CSR) is not a very new concept, it is an old concept. Earlier, in India it was optional to the company that they may contribute voluntarily towards CSR but after the Companies Act 2013, it was formally introduced in the business environment and was made mandatory for those companies whose net worth and profit cross a threshold limit. They should contribute 2% of the average net profit of just preceding three years profit. This paper primarily focuses on CSR practices of some selected public sector petroleum companies in India. The study has been conducted based on the Annual Reports of seven selected public sector companies. Five years of data on CSR spending from 2009–10 to 2014–15 were examined. Moreover, the pattern of expenses was also examined. Since petroleum companies are giants of the India economy and contribute significantly towards the Gross Domestic Product (GDP) of our country. Thus it is necessary to look into how these companies are contributing towards CSR. An attempt has been made to examine the early impact of Section 135 of the Companies Act.

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Education Sector and Corporate Social Responsibility a Study on Private Sector Secondary School of District North & South Delhi (India)

Sociological Jurisprudence Journal ◽

10.22225/scj.3.1.1427.14-18 ◽

2020 ◽

Vol 3 (1) ◽

pp. 14-18

Author(s):

Pankaj Dixit

Keyword(s):

Corporate Social Responsibility ◽

Secondary School ◽

Secondary Schools ◽

Social Responsibility ◽

Private Sector ◽

Secondary School Teachers ◽

Primary Data ◽

Corporate Strategies ◽

Corporate Social ◽

The Impact

Educational organizations in private sector require strong corporate strategies. In order to get success in the globally competitive environment they must adopt the strategy of Corporate Social Responsibility. This study analyzed corporate social responsibility and its impact on private sector secondary schools in district North & South Delhi. For this purpose primary data were collected through five point Likert’s scale. The questionnaire was fielded to private sector secondary school teachers in order to get data about the impact of corporate social responsibility on performance of secondary schools. The population of the study was 184 registered private sector secondary schools (140 boys and 44 girls) which included 900 teachers (who taught to class 10th students during session 2017-18) in district North & South Delhi. A sample of 280 teachers (140 male and 140 female) in 70 private sector secondary schools (35 for boys and 35 for girls) were selected through equal allocation sampling formula. Mean, Standard Deviation and t-test were applied for analyzing the data. The Pearson’s correlation was used to evaluate the variable effects. The result from the data indicated that all the four aspects of CSR have positive significant impact on the performance of secondary schools.

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Socially Responsible Organizational Governance in the Public Sector

Public Policy And Administration ◽

10.5755/j01.ppaa.19.3.27713 ◽

2020 ◽

Vol 19 (3) ◽

pp. 119-132

Author(s):

Gita Lasytė

Keyword(s):

Corporate Social Responsibility ◽

Public Sector ◽

Social Responsibility ◽

Socially Responsible ◽

Public Governance ◽

Organizational Governance ◽

The Public ◽

New Public ◽

New Public Governance ◽

Corporate Social

The present paper aims to examine the theoretical assumptions of socially responsible organizational governance in the public sector. In public authorities, corporate social responsibility is a relatively new phenomenon. Therefore, the paper focuses on the interaction between social responsibility and the New Public Governance. The article puts forward the assumption that the principles of governance of public goods and public services provided by the public sector are very close in content to the concept of social responsibility. The goal of the public governance process is efficiency and effectiveness not only in public administration institutions, but also in building a welfare society. In this context, the New public governance is in line with the principles of social responsibility. The similarities between the new public governance and social responsibility can be recognized in an understanding the values, processes and elements the primary standards of which are accountability, openness, efficiency, responsibility, compliance with procedural norms, division of power (involvement of stakeholders). The article also discusses the concept and characteristics of corporate social responsibility and provides criticism on the CSR phenomenon.

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The Determinants of Sustainability Reporting of the Portuguese Public Sector Entities

Corporate Social Responsibility ◽

10.4018/978-1-5225-6192-7.ch035 ◽

2019 ◽

pp. 653-678

Author(s):

Maria da Conceição C. Tavares ◽

Lúcia Lima Rodrigues

Keyword(s):

Corporate Social Responsibility ◽

Content Analysis ◽

Public Sector ◽

Social Responsibility ◽

Sustainability Reporting ◽

Global Reporting Initiative ◽

Sustainability Disclosure ◽

Sustainability Reports ◽

Csr Disclosure ◽

Corporate Social

Based on legitimacy and on stakeholder theories, this study analyses the level of disclosure of Corporate Social Responsibility (CSR) in the sustainability reports of the Portuguese public sector entities for the years 2008 and 2012, prepared in accordance with the guidelines of the Global Reporting Initiative (GRI). The authors also aim to determine the factors that influence this level of disclosure. Using content analysis, an index of CSR disclosure was constructed based on the sustainability reports of 58 public sector entities. It was concluded that the level of sustainability disclosure is related to the organisation's size, industry, awards and certifications received, and visibility measured in terms of consumer proximity. This study offers new empirical evidence of a different context – public sector entities in Portugal, providing valuable insights into the factors that explain CSR disclosures in public sector entities.

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Who Values Corporate Social Responsibility in the Korean Stock Market?

Sustainability ◽

10.3390/su11215924 ◽

2019 ◽

Vol 11 (21) ◽

pp. 5924 ◽

Cited By ~ 4

Author(s):

Sangki Lee ◽

Insu Kim ◽

Chung-hun Hong

Keyword(s):

Corporate Social Responsibility ◽

Stock Market ◽

Social Responsibility ◽

Private Sector ◽

Abnormal Returns ◽

Pension Funds ◽

Public Pension ◽

Korean Stock Market ◽

The Government ◽

Corporate Social

In this study, we explore the stock market’s response to new information that a firm has been included in the Dow Jones Sustainability Index (DJSI) in Korea. In addition, we investigate which investor group contributes to the changes, if any significant increase in returns is found, after a firm’s incorporation into the DJSI. This study aims to identify which investors value corporate social responsibility (CSR) in the Korean stock market and examine whether the government-led campaigns for CSR have affected private sector investors, as well as those from the public sector. We find statistically significant abnormal returns for firms after their first listing in the index, implying that investors in Korean markets consider a firm’s inclusion in the DJSI as good news for the firm value. Using a unique dataset from the Korea Exchange (KRX) on investors, we classify investors into four groups: individual investors, public pension funds, other institutional investors, and foreign investors. Unlike prior studies that focus only on the existence of abnormal returns, we investigate the trading behavior of each investor group for such announcements. We find that it is mainly the buying pressure of public pension funds that generates abnormal returns. By contrast, we cannot find statistically significant results for the other investor groups. This result implies that the government-led campaign for CSR has only had limited effects in the Korean stock market, and that awareness of CSR in the private sector should be improved.

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