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An analysis of corporate social responsibility policies and practices in India

Author

Listed:
  • Bishnuprasad Mohapatra

    (Deemed to be University
    Utkal University. Bhubaneswar)

  • Tanaya Mohanty

    (Utkal University. Bhubaneswar)

Abstract

Corporate social responsibility (CSR) practices in India have been made mandatory for corporations through the Companies Act of 2013. The rise of regulations on CSR, the subsequent growth in CSR funds, and growing controversies over CSR regulations and compliances have raised questions over the regulated approach and ethos of social responsibility. In this background, this article examines the context of emergence and objectives of different sections of the Act, and controversies surrounding CSR policies, besides analysing the patterns and trends of CSR compliances. The study has adopted discourse analysis method to analyse CSR policies and compliances. The study's findings reveal that CSR practice guidelines are coercive and (over) regulated, and it witnessed misconduct by corporations in various forms of CSR compliance. Simultaneously, the regulations have brought positive changes in CSR transparency and accountability, as well as in the expenditures with the inclusion of different social welfare sectors in CSR scope. The manifestations of the CSR policies still fail to provide a clear scenario regarding implementation. However, the entire idea of corporate responsibility regulations is in a nascent state.

Suggested Citation

  • Bishnuprasad Mohapatra & Tanaya Mohanty, 2023. "An analysis of corporate social responsibility policies and practices in India," SN Business & Economics, Springer, vol. 3(11), pages 1-25, November.
    • Handle: RePEc:spr:snbeco:v:3:y:2023:i:11:d:10.1007_s43546-023-00571-9
    DOI: 10.1007/s43546-023-00571-9
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    References listed on IDEAS

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    1. Gregory Jackson & Julia Bartosch & Emma Avetisyan & Daniel Kinderman & Jette Steen Knudsen, 2020. "Mandatory Non-financial Disclosure and Its Influence on CSR: An International Comparison," Journal of Business Ethics, Springer, vol. 162(2), pages 323-342, March.
    2. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    3. Mallika Tamvada, 2020. "Corporate social responsibility and accountability: a new theoretical foundation for regulating CSR," International Journal of Corporate Social Responsibility, Springer, vol. 5(1), pages 1-14, December.
    4. Lucia Gatti & Babitha Vishwanath & Peter Seele & Bertil Cottier, 2019. "Are We Moving Beyond Voluntary CSR? Exploring Theoretical and Managerial Implications of Mandatory CSR Resulting from the New Indian Companies Act," Journal of Business Ethics, Springer, vol. 160(4), pages 961-972, December.
    5. Dima Jamali & Ramez Mirshak, 2010. "Business-Conflict Linkages: Revisiting MNCs, CSR, and Conflict," Journal of Business Ethics, Springer, vol. 93(3), pages 443-464, May.
    6. Loi Teck Hui, 2008. "Combining faith and CSR: a paradigm of corporate sustainability," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(6), pages 449-465, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Corporate social responsibility; India; CSR laws; CSR policy; CSR practices; Discourse analysis;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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