Abstract
CSR encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations (Carroll 1999). Such mandatory provision has, however, raised several important questions about the way CSR is perceived and implemented. The proposed research intends to look at a few such issues; such as (1) whether such mandatory provisions have diluted the voluntary spirit inherent in CSR, (2) whether there is any difference in the approach adopted by top companies listed in stock exchanges toward CSR after the mandatory requirements came into force (a comparison between the pre- and post-implementation of mandatory provisions is attempted), and (3) whether CSR activities by such companies conform to the set of activities prescribed under Schedule VII of the Companies Act 2013. Data on CSR activities, CSR spending, and company details are collected from secondary sources for a sample of 30 companies. Data analysis was carried out to examine the aforementioned objectives. This research intends to establish whether Companies Act 2013 will bring about meaningful changes in the way CSR is perceived and implemented in India by the Indian companies.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ahmed, N. (2009). Eco pulse study: Corporate social responsibility. ASSOCHAM Research Bureau.
Arora, B., & Puranik, R. (2004). A review of corporate social responsibility in India. Development, 47(3), 93–100.
Bajpai, G. N. (2001). Corporate social responsibility in India and Europe: Cross cultural perspective. Available at: http://www.ficci.com. Accessed January 12, 2018.
Brigitte, P., Sahu, S., & Nickerson, C. (2010). Corporate social responsibility communication in the Indian context. Journal of Indian Business Research, 2(1), 10–22.
Business Line. (2011). The companies bill, 2011: A critical analysis. Business Line Internet Edition. Available at: http://www.thehindubusinessline.com/industry-and-economy/article2717904.ece. Accessed January 15, 2019.
Carroll, A. B. (1999). Corporate social responsibility: Evolution of a definitional construct. Business and Society, 38(3), 268–295.
Cheung, Y. L., Tan, W., Ahn, H. J., & Zhang, Z. (2009). Does corporate social responsibility matter in Asian emerging markets? Journal of Business Ethics, 92(3), 401–413.
Companies Act. (2013). The Companies Act, 2013. Retrieved July 7th, 2018 from http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf.
Das, S. K. (2012). CSR practices and CSR Reporting in Indian financial sector. International Journal of Business and Management Tomorrow, 2(9), 1–12.
Gautam, R., & Singh, A. (2010). Corporate social responsibility practices in India: A study of top 500 companies. Global Business and Management Research, 2(1), 41–56.
Martin, S., Henry, I. O., & Bampton, R. (2015). Examining the public policy perspective of CSR implementation in Sub-Saharan Africa. Social Responsibility Journal, 11(3), 553–572.
Nasir, N. E. M., Halim, N. A. A., Sallem, N. R. M., Jasni, N. S., & Aziz, N. F. (2015). Corporate social responsibility: An overview from Malaysia. Journal of Applied Environmental and Biological Sciences, 4(10S), 82–87.
Singh, A., & Verma, P. (2014). CSR @ 2%: A new model of corporate social responsibility in India. International Journal of Academic Research in Business and Social Sciences, 4(10), 455–464.
Verma, A., & Kumar, C. V. R. S. V. (2014). An analysis of CSR expenditure by Indian companies. Indian Journal of Corporate Governance, 7(2), 82–94.
Waagstein, P. R. (2011). The mandatory corporate social responsibility in Indonesia: Problems and implications. Journal of Business Ethics, 98(3), 455–466.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Mishra, S., Banerjee, G. (2019). A Study on the Impact of Mandatory Provisions on CSR Strategies of Indian Companies. In: Altinbasak-Farina, I., Burnaz, S. (eds) Ethics, Social Responsibility and Sustainability in Marketing. Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application. Springer, Singapore. https://doi.org/10.1007/978-981-13-7924-6_8
Download citation
DOI: https://doi.org/10.1007/978-981-13-7924-6_8
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-7923-9
Online ISBN: 978-981-13-7924-6
eBook Packages: Business and ManagementBusiness and Management (R0)