The purpose of the present paper is to study the linkage of CSR initiatives taken by the Indian
companies and its impact on their RONW. For this purpose, various financial parameters have been used like
Return on net worth, profit before tax and earning per share. Researchers have taken a sample of 5 private
companies namely Tata Steel Company, RIL, Mahindra & Mahindra, Infosys and Larsen and Toubro to
examine the relationship between corporate social responsibility and RONR by considering their financial
statement of five years (from March 2010 to March 2014). The logic behind to take such samples is that these
are big private key players with respect to Indian business. After getting all the data, an analysis on the
relationship between CSR and other financial parameters like EPS, PBT and RONR are tested by Regression
analysis and ANOVA. Irrespective of this general outcome, the current study depicts evidence that there is a
insignificant relationship between CSR and Return on Net Worth (RONR) in case of these companies.
Corporate Social Responsibility and Profitability in the Banking Sector: The ...Dr. Amarjeet Singh
In this article, we explore the relationship between corporate social responsibility and profitability with particular reference to Ethiopian financial industry. In line with this, the paper investigated the practice of corporate social responsibility and its impact on profitability in two private banks in Ethiopia. The study used two sampling phases. The first one is to sample out the two banks among the sixteen private banks operated in the country and the second phase is to select number of respondents within the selected banks. According to National Bank of Ethiopia, (NBE, 2020) annual report among the sixteen private commercial banks operated in the country, six of them were operated in the industry for more than 20 years and two banks namely Dashen and United banks were randomly selected for the study. The study used questionnaires as an instrument for data collection and the Cronbach alpha test was used to test the reliability of the instrument. Correlation analysis was carried out to identify the nature of strength and direction of the relationship between the independent variables (philanthropic, ethical, legal and economic responsibilities) and the dependent variables (profitability), regression analysis was also employed to determine the degree in which the dependent variable can be predicated or explained from the independent variables. The finding reveals that ethical, philanthropic, legal and economic responsibilities of CSR dimension have a positive and significant impact on profitability of the banks. Furthermore, the overall finding of the study suggested that CSR practice of banks has a significant impact on the level of their profitability. The study recommends that banks should improve their efforts exerted towards their CSR practice in order to enhance their profitability.
7 corporate social responsibility perspectives and challenges in rural indiachelliah paramasivan
This document discusses corporate social responsibility (CSR) perspectives and challenges in rural India. It begins with defining CSR and noting its importance in India given that most of the population lives in rural areas. The document then reviews literature on CSR practices and initiatives in India. It outlines the objectives and methodology of the study, which examines CSR programs and their impact in rural areas by analyzing 6 companies. The results and discussion section describes the CSR policies and initiatives of these companies in areas like education, healthcare, infrastructure, and livelihood generation. It finds that while companies are actively engaging in rural CSR, there are still challenges to be addressed like lack of coordination and monitoring of projects.
Corporate Social Responsibility in Commercial banks in NepalMrinal Gaurav
Despite the growing attention in corporate social responsibility (CSR) among practitioners and academicians around the globe, a shadow of doubt remains as to whether industry sector posses a positive or negative attitudes towards CSR. Against this backdrop, this paper examines the attitudes of Nepalese banking sector towards CSR and
the factors influencing their attitudes towards CSR.
A structured questionnaire was developed based on past research. A total of 157 respondents out of 250 questionnaire shows sound percentage of 62.8% were used for
analysis in this study. The results showed that banking employees and banking customers of Nepal have positive attitudes towards CSR. However, the degrees of positive attitudes
on different propositions significantly differ. Analysis also revealed that CSR is still understood as philanthropic activities and has the connotation with philanthropic activities. Interestingly, research also revealed that, besides corporate efforts, the role of
government, pressure groups and other stakeholders is also crucial to promote CSR in context of Nepal. Thus, it has become imperative to make necessary efforts by the all
concerned authorities including the government to promote socially responsible corporate behaviour for creating a more equitable and just society in Nepal.
The document discusses India's new Companies Act of 2013 regarding corporate social responsibility (CSR). It summarizes that the Act requires companies meeting certain profit thresholds to spend 2% of their average net profits on CSR activities focused on issues like poverty alleviation, education, and healthcare. Companies must establish CSR committees to develop policies and monitor compliance. Eligible CSR activities include initiatives addressing key issues as well as contributions to government funds focused on socioeconomic development. The document advocates that companies leverage their core capabilities to ensure CSR activities have maximum social impact at scale through collaborative partnerships.
Corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides background on the evolution of CSR from philanthropy to a business strategy seen as key to long-term success. The document outlines several definitions of CSR and discusses frameworks for CSR reporting. It also reviews literature on how CSR can provide competitive advantage through gaining reputation and community support, but may be seen as too expensive by some. A survey is discussed to understand employee perceptions of whether CSR is for advantage, concern, or both.
11.corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides definitions of CSR from various organizations. CSR was originally seen as corporate philanthropy but is now viewed as a business strategy. Companies have realized they need community support to succeed and that addressing social and environmental issues is important for long-term business goals. The document also discusses frameworks for CSR reporting and rising expectations around CSR in India.
This document provides an overview of corporate social responsibility (CSR) in India, including:
- It discusses the evolution of definitions and perspectives on CSR from the 1950s to present day. Early definitions focused on businesses' obligations to society, while more recent definitions emphasize stakeholder interests and voluntary business practices.
- CSR in India encompasses issues like human rights, health and safety, consumer protection, and environmental sustainability. Leading companies like Tata have long implemented social programs for employees and local communities.
- Several surveys of Indian companies found increasing awareness and implementation of CSR activities, though many companies view it primarily as philanthropy or marketing. Few measure social impacts or spend significantly on CSR.
-
Corporate Social Responsibility and Profitability in the Banking Sector: The ...Dr. Amarjeet Singh
In this article, we explore the relationship between corporate social responsibility and profitability with particular reference to Ethiopian financial industry. In line with this, the paper investigated the practice of corporate social responsibility and its impact on profitability in two private banks in Ethiopia. The study used two sampling phases. The first one is to sample out the two banks among the sixteen private banks operated in the country and the second phase is to select number of respondents within the selected banks. According to National Bank of Ethiopia, (NBE, 2020) annual report among the sixteen private commercial banks operated in the country, six of them were operated in the industry for more than 20 years and two banks namely Dashen and United banks were randomly selected for the study. The study used questionnaires as an instrument for data collection and the Cronbach alpha test was used to test the reliability of the instrument. Correlation analysis was carried out to identify the nature of strength and direction of the relationship between the independent variables (philanthropic, ethical, legal and economic responsibilities) and the dependent variables (profitability), regression analysis was also employed to determine the degree in which the dependent variable can be predicated or explained from the independent variables. The finding reveals that ethical, philanthropic, legal and economic responsibilities of CSR dimension have a positive and significant impact on profitability of the banks. Furthermore, the overall finding of the study suggested that CSR practice of banks has a significant impact on the level of their profitability. The study recommends that banks should improve their efforts exerted towards their CSR practice in order to enhance their profitability.
7 corporate social responsibility perspectives and challenges in rural indiachelliah paramasivan
This document discusses corporate social responsibility (CSR) perspectives and challenges in rural India. It begins with defining CSR and noting its importance in India given that most of the population lives in rural areas. The document then reviews literature on CSR practices and initiatives in India. It outlines the objectives and methodology of the study, which examines CSR programs and their impact in rural areas by analyzing 6 companies. The results and discussion section describes the CSR policies and initiatives of these companies in areas like education, healthcare, infrastructure, and livelihood generation. It finds that while companies are actively engaging in rural CSR, there are still challenges to be addressed like lack of coordination and monitoring of projects.
Corporate Social Responsibility in Commercial banks in NepalMrinal Gaurav
Despite the growing attention in corporate social responsibility (CSR) among practitioners and academicians around the globe, a shadow of doubt remains as to whether industry sector posses a positive or negative attitudes towards CSR. Against this backdrop, this paper examines the attitudes of Nepalese banking sector towards CSR and
the factors influencing their attitudes towards CSR.
A structured questionnaire was developed based on past research. A total of 157 respondents out of 250 questionnaire shows sound percentage of 62.8% were used for
analysis in this study. The results showed that banking employees and banking customers of Nepal have positive attitudes towards CSR. However, the degrees of positive attitudes
on different propositions significantly differ. Analysis also revealed that CSR is still understood as philanthropic activities and has the connotation with philanthropic activities. Interestingly, research also revealed that, besides corporate efforts, the role of
government, pressure groups and other stakeholders is also crucial to promote CSR in context of Nepal. Thus, it has become imperative to make necessary efforts by the all
concerned authorities including the government to promote socially responsible corporate behaviour for creating a more equitable and just society in Nepal.
The document discusses India's new Companies Act of 2013 regarding corporate social responsibility (CSR). It summarizes that the Act requires companies meeting certain profit thresholds to spend 2% of their average net profits on CSR activities focused on issues like poverty alleviation, education, and healthcare. Companies must establish CSR committees to develop policies and monitor compliance. Eligible CSR activities include initiatives addressing key issues as well as contributions to government funds focused on socioeconomic development. The document advocates that companies leverage their core capabilities to ensure CSR activities have maximum social impact at scale through collaborative partnerships.
Corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides background on the evolution of CSR from philanthropy to a business strategy seen as key to long-term success. The document outlines several definitions of CSR and discusses frameworks for CSR reporting. It also reviews literature on how CSR can provide competitive advantage through gaining reputation and community support, but may be seen as too expensive by some. A survey is discussed to understand employee perceptions of whether CSR is for advantage, concern, or both.
11.corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides definitions of CSR from various organizations. CSR was originally seen as corporate philanthropy but is now viewed as a business strategy. Companies have realized they need community support to succeed and that addressing social and environmental issues is important for long-term business goals. The document also discusses frameworks for CSR reporting and rising expectations around CSR in India.
This document provides an overview of corporate social responsibility (CSR) in India, including:
- It discusses the evolution of definitions and perspectives on CSR from the 1950s to present day. Early definitions focused on businesses' obligations to society, while more recent definitions emphasize stakeholder interests and voluntary business practices.
- CSR in India encompasses issues like human rights, health and safety, consumer protection, and environmental sustainability. Leading companies like Tata have long implemented social programs for employees and local communities.
- Several surveys of Indian companies found increasing awareness and implementation of CSR activities, though many companies view it primarily as philanthropy or marketing. Few measure social impacts or spend significantly on CSR.
-
This document is a term paper assignment submitted by Shiva Kakkar to professors Manjari Singh and Biju Varkkey at the Indian Institute of Management Ahmedabad on September 18, 2014. The paper examines the importance of employee participation in corporate social responsibility initiatives and the role of human resource departments in mobilizing employees and integrating CSR into the overall company strategy. It discusses how CSR can benefit both employers and employees by enhancing company image and employee commitment, attracting talent, and improving retention. The success of any CSR strategy relies on active participation from all stakeholders, especially employees as the largest stakeholder group.
Changing dimensions of corporate social responsibility in indiaTapasya123
1. Corporate social responsibility in India is evolving from a focus on business philanthropy to broader activities integrated into core business strategy, in response to legal/regulatory pressures and public opinion.
2. CSR frameworks include the triple bottom line of economic, social and environmental responsibilities. Carroll's pyramid also outlines CSR as including economic, legal, ethical, and philanthropic responsibilities.
3. For developing countries like India, CSR focuses more on philanthropic responsibilities due to cultural and economic factors. The government regulates CSR through laws requiring companies to spend on social projects.
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Bangladesh is one of the world’s poorest countries. That’s why the CSR activities is very much important of this country in different areas.
There are so many company or industries are present in the country which contributes a lot of donation in different areas and private bank is one of them and the contribution by commercial banks to CSR activities is very significant in different areas such as:
health sector,
education sector,
disaster management,
Sports,
An empirical investigation of managerial perceptions in indian organisations ...Dr. Madhu Verma
This document summarizes a research study that investigated the perceptions of CSR managers in Indian organizations towards corporate social responsibility after it became mandatory in India through legislation in 2013. The study involved surveying 163 CSR managers from 250 large Indian companies using questionnaires and interviews. The findings revealed that Indian organizations have embraced CSR and see it as important for community welfare and sustainability. While some still view CSR as costly, most managers recognized potential benefits like improved brand image and reputation. The study concluded there has been a shift from a traditional philanthropic view of CSR to more modern views that integrate CSR into business strategy to generate long-term value. However, the study was limited by only surveying CSR managers and not considering other potential influences on perceptions.
Corporate Social Responsibility Essay ExampleWrite my essay
If you’re searching for a write my own essay service to do your writing task in the way you want it to be done – we’re here for you! More information on http://www.writemyessay.biz/
The document discusses corporate social responsibility across three parts. Part one analyzes whether capitalism can lead to human happiness. Both the advantages of private ownership and competition are discussed, as well as the potential disadvantages. Part two examines the issue of managing risks associated with derivatives. The final part discusses whether price gouging should be regulated, outlining arguments on both sides of the issue. Overall, the document provides a nuanced look at different aspects of corporate social responsibility and considers arguments from multiple perspectives.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Strategic Corporate Social Responsibility Creates Social Value in Local Sri L...inventionjournals
This paper examines the social value creation of strategic CSR initiatives. A qualitative singlecase design is used by adopting the interpretivism approach. As per the findings strategic CSR improved skills and abilities of stakeholders and result in changing their lives positively. Further, hopes and dreams are created within the rural stakeholders and enhanced their entrepreneurial mind set. Social value creation is also occurred from strategic CSR activities in the form of increasing income and expanding life options, improving living conditions, restoring rights and duties, developing social capital and knowledge enhancement. Findings are compatible with the stakeholder theory since social value creation occurred to a greater extent when the organization builds a closer relationship with its stakeholders
This document provides an overview and introduction to a book titled "Case Studies on the Impact of CSR on Workers in China, South Korea, India and Indonesia". It discusses the Asia Monitor Resource Centre (AMRC) and their work researching the impacts of corporate social responsibility (CSR) on workers and unions in Asia. The preface criticizes CSR, arguing it is primarily a public relations strategy that fails to adequately address social and environmental problems. It asserts CSR undermines labor organizing and solidarity. The following chapters in the book present case studies on CSR's impact in each of the four Asian countries.
This document discusses the concept of corporate social responsibility (CSR). It begins by explaining how businesses are increasingly expected to address social issues involving stakeholders, society, the environment, and government. It then provides examples of CSR initiatives undertaken by various large Indian companies to benefit local communities. The document defines CSR as a self-regulating business model that considers the public interest and impacts on people, planet and profits. It acknowledges debates around CSR and whether it distracts from economic roles or is just public relations. Overall, the document outlines the concept and increasing importance of CSR.
The objective of the study is to examined Corporate Social Responsibility Disclosure in quoted money deposit
Banks in Nigeria. The research design used for this study is historical research design. The design was used so as to
capture relevant information from annual financial statement of quoted companies. The population of the study
consists of Twenty one (21) deposit money banks in Nigeria and a sample of eight commercial banks was randomly
selected using convenient sampling technique. Data were analyzed using ordinary least squares regression. The
findings of this research indicate an existence of negative relationship between firm complexity and environmental
disclosed in the Nigerian banking sector. It also indicates the existence of positive relationship between earnings and
CSR disclosure in the Nigerian banking sector and that bank size was negatively related to the extent of corporate
social responsibility disclosure by Nigerian banks. The implication of these findings is that as bank increase its
activities they should also be concern with the well-being of the environment which they operate. Finally, the study
recommends that banks should focus on activities that will synchronize its corporate goals with the sustainability of
the environment
Empirical Study of the Components of CSR Practices in India: A Comparison of...Dr. Madhu Verma
This document summarizes an empirical study that compares the corporate social responsibility (CSR) practices of private Indian companies, multinational companies, and public sector companies in India. The study analyzed data from 145 companies across various industries. It found that while the components of CSR practices are largely similar between company types, there are some differences in priorities. For private Indian companies, the key CSR factors were employee welfare, environmental protection, community development, and community affairs. For multinationals, the factors were community welfare, employee development and safety, environmental protection, compliance, employment generation, and community support. For public sector companies, the factors were employee welfare and social support, sustainable development, community development, and health and scholarship programs.
Stakeholders Perceptions regarding Usefulness of Corporate Social Responsibil...professionalpanorama
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
CORPORATE SOCIAL RESPONSIBILITY IN CENTRAL PUBLIC SECTOR ENTERPRISES OF INDIADr. Kalpeshkumar L Gupta
The document outlines a presentation on corporate social responsibility practices in public sector enterprises in India. It discusses the objectives of studying CSR practices in major public sector companies. The research methodology involves analyzing CSR activities of 7 Maharatna companies and 7 Navratna companies. The findings suggest that while these companies engage in many CSR activities like village adoption, medical camps, infrastructure development, there are also challenges like identifying suitable projects and fully utilizing allocated budgets. The presentation provides information on guidelines for CSR in public sectors as well as specifics on CSR programs undertaken by the selected companies.
1) The document discusses the history and evolution of corporate social responsibility (CSR) in India, from ancient texts to modern laws.
2) It outlines the four phases of CSR in India and examines the Companies Act of 2013 which mandates that large companies spend 2% of profits on CSR activities.
3) While CSR spending has increased, challenges remain around a lack of transparency, clear guidelines, and ensuring activities benefit marginalized groups as intended by the law.
This document discusses the evolution of corporate social responsibility (CSR) in India through four phases from pre-industrialization to the modern era. It describes the meaning of CSR and the types of social responsibilities companies have, including legal, ethical, philanthropic, and economic responsibilities. The key aspects of CSR discussed are corporate responsibility, social accounting, corporate sustainability, and social contract. The need for CSR and issues around implementing CSR initiatives like lack of community participation and transparency are also summarized.
Edulever - Consulting for CSR, Education, Skill Development Chetan Kapoor
Edulever is a social enterprise that provides education and skill development services. It has worked on over 66 projects since 2009, reaching over 150 NGOs and benefiting more than 250,000 learners. Its services include developing customized curriculum and training facilitators to improve education programs. It also offers products like an Employability Index and Personality-Career Alignment Tool. Edulever aims to substantially improve learning through a comprehensive approach focusing on curriculum, training, and assessment.
This document provides an overview of Mahindra & Mahindra's corporate social responsibility activities in India. It discusses that Mahindra & Mahindra engages in various CSR initiatives focused on education, disaster relief, and community development. Some of the key CSR programs and initiatives discussed include the K.C. Mahindra Education Trust, which provides scholarships and education funding; Mahindra Academies, which are schools established near factories for employees' children; disaster relief support during events like tsunamis and earthquakes; and transforming municipal gardens in cities. The document analyzes how Mahindra & Mahindra integrates social responsibility into its business operations through these and other community programs.
This document is a term paper assignment submitted by Shiva Kakkar to professors Manjari Singh and Biju Varkkey at the Indian Institute of Management Ahmedabad on September 18, 2014. The paper examines the importance of employee participation in corporate social responsibility initiatives and the role of human resource departments in mobilizing employees and integrating CSR into the overall company strategy. It discusses how CSR can benefit both employers and employees by enhancing company image and employee commitment, attracting talent, and improving retention. The success of any CSR strategy relies on active participation from all stakeholders, especially employees as the largest stakeholder group.
Changing dimensions of corporate social responsibility in indiaTapasya123
1. Corporate social responsibility in India is evolving from a focus on business philanthropy to broader activities integrated into core business strategy, in response to legal/regulatory pressures and public opinion.
2. CSR frameworks include the triple bottom line of economic, social and environmental responsibilities. Carroll's pyramid also outlines CSR as including economic, legal, ethical, and philanthropic responsibilities.
3. For developing countries like India, CSR focuses more on philanthropic responsibilities due to cultural and economic factors. The government regulates CSR through laws requiring companies to spend on social projects.
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Bangladesh is one of the world’s poorest countries. That’s why the CSR activities is very much important of this country in different areas.
There are so many company or industries are present in the country which contributes a lot of donation in different areas and private bank is one of them and the contribution by commercial banks to CSR activities is very significant in different areas such as:
health sector,
education sector,
disaster management,
Sports,
An empirical investigation of managerial perceptions in indian organisations ...Dr. Madhu Verma
This document summarizes a research study that investigated the perceptions of CSR managers in Indian organizations towards corporate social responsibility after it became mandatory in India through legislation in 2013. The study involved surveying 163 CSR managers from 250 large Indian companies using questionnaires and interviews. The findings revealed that Indian organizations have embraced CSR and see it as important for community welfare and sustainability. While some still view CSR as costly, most managers recognized potential benefits like improved brand image and reputation. The study concluded there has been a shift from a traditional philanthropic view of CSR to more modern views that integrate CSR into business strategy to generate long-term value. However, the study was limited by only surveying CSR managers and not considering other potential influences on perceptions.
Corporate Social Responsibility Essay ExampleWrite my essay
If you’re searching for a write my own essay service to do your writing task in the way you want it to be done – we’re here for you! More information on http://www.writemyessay.biz/
The document discusses corporate social responsibility across three parts. Part one analyzes whether capitalism can lead to human happiness. Both the advantages of private ownership and competition are discussed, as well as the potential disadvantages. Part two examines the issue of managing risks associated with derivatives. The final part discusses whether price gouging should be regulated, outlining arguments on both sides of the issue. Overall, the document provides a nuanced look at different aspects of corporate social responsibility and considers arguments from multiple perspectives.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Strategic Corporate Social Responsibility Creates Social Value in Local Sri L...inventionjournals
This paper examines the social value creation of strategic CSR initiatives. A qualitative singlecase design is used by adopting the interpretivism approach. As per the findings strategic CSR improved skills and abilities of stakeholders and result in changing their lives positively. Further, hopes and dreams are created within the rural stakeholders and enhanced their entrepreneurial mind set. Social value creation is also occurred from strategic CSR activities in the form of increasing income and expanding life options, improving living conditions, restoring rights and duties, developing social capital and knowledge enhancement. Findings are compatible with the stakeholder theory since social value creation occurred to a greater extent when the organization builds a closer relationship with its stakeholders
This document provides an overview and introduction to a book titled "Case Studies on the Impact of CSR on Workers in China, South Korea, India and Indonesia". It discusses the Asia Monitor Resource Centre (AMRC) and their work researching the impacts of corporate social responsibility (CSR) on workers and unions in Asia. The preface criticizes CSR, arguing it is primarily a public relations strategy that fails to adequately address social and environmental problems. It asserts CSR undermines labor organizing and solidarity. The following chapters in the book present case studies on CSR's impact in each of the four Asian countries.
This document discusses the concept of corporate social responsibility (CSR). It begins by explaining how businesses are increasingly expected to address social issues involving stakeholders, society, the environment, and government. It then provides examples of CSR initiatives undertaken by various large Indian companies to benefit local communities. The document defines CSR as a self-regulating business model that considers the public interest and impacts on people, planet and profits. It acknowledges debates around CSR and whether it distracts from economic roles or is just public relations. Overall, the document outlines the concept and increasing importance of CSR.
The objective of the study is to examined Corporate Social Responsibility Disclosure in quoted money deposit
Banks in Nigeria. The research design used for this study is historical research design. The design was used so as to
capture relevant information from annual financial statement of quoted companies. The population of the study
consists of Twenty one (21) deposit money banks in Nigeria and a sample of eight commercial banks was randomly
selected using convenient sampling technique. Data were analyzed using ordinary least squares regression. The
findings of this research indicate an existence of negative relationship between firm complexity and environmental
disclosed in the Nigerian banking sector. It also indicates the existence of positive relationship between earnings and
CSR disclosure in the Nigerian banking sector and that bank size was negatively related to the extent of corporate
social responsibility disclosure by Nigerian banks. The implication of these findings is that as bank increase its
activities they should also be concern with the well-being of the environment which they operate. Finally, the study
recommends that banks should focus on activities that will synchronize its corporate goals with the sustainability of
the environment
Empirical Study of the Components of CSR Practices in India: A Comparison of...Dr. Madhu Verma
This document summarizes an empirical study that compares the corporate social responsibility (CSR) practices of private Indian companies, multinational companies, and public sector companies in India. The study analyzed data from 145 companies across various industries. It found that while the components of CSR practices are largely similar between company types, there are some differences in priorities. For private Indian companies, the key CSR factors were employee welfare, environmental protection, community development, and community affairs. For multinationals, the factors were community welfare, employee development and safety, environmental protection, compliance, employment generation, and community support. For public sector companies, the factors were employee welfare and social support, sustainable development, community development, and health and scholarship programs.
Stakeholders Perceptions regarding Usefulness of Corporate Social Responsibil...professionalpanorama
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
CORPORATE SOCIAL RESPONSIBILITY IN CENTRAL PUBLIC SECTOR ENTERPRISES OF INDIADr. Kalpeshkumar L Gupta
The document outlines a presentation on corporate social responsibility practices in public sector enterprises in India. It discusses the objectives of studying CSR practices in major public sector companies. The research methodology involves analyzing CSR activities of 7 Maharatna companies and 7 Navratna companies. The findings suggest that while these companies engage in many CSR activities like village adoption, medical camps, infrastructure development, there are also challenges like identifying suitable projects and fully utilizing allocated budgets. The presentation provides information on guidelines for CSR in public sectors as well as specifics on CSR programs undertaken by the selected companies.
1) The document discusses the history and evolution of corporate social responsibility (CSR) in India, from ancient texts to modern laws.
2) It outlines the four phases of CSR in India and examines the Companies Act of 2013 which mandates that large companies spend 2% of profits on CSR activities.
3) While CSR spending has increased, challenges remain around a lack of transparency, clear guidelines, and ensuring activities benefit marginalized groups as intended by the law.
This document discusses the evolution of corporate social responsibility (CSR) in India through four phases from pre-industrialization to the modern era. It describes the meaning of CSR and the types of social responsibilities companies have, including legal, ethical, philanthropic, and economic responsibilities. The key aspects of CSR discussed are corporate responsibility, social accounting, corporate sustainability, and social contract. The need for CSR and issues around implementing CSR initiatives like lack of community participation and transparency are also summarized.
Edulever - Consulting for CSR, Education, Skill Development Chetan Kapoor
Edulever is a social enterprise that provides education and skill development services. It has worked on over 66 projects since 2009, reaching over 150 NGOs and benefiting more than 250,000 learners. Its services include developing customized curriculum and training facilitators to improve education programs. It also offers products like an Employability Index and Personality-Career Alignment Tool. Edulever aims to substantially improve learning through a comprehensive approach focusing on curriculum, training, and assessment.
This document provides an overview of Mahindra & Mahindra's corporate social responsibility activities in India. It discusses that Mahindra & Mahindra engages in various CSR initiatives focused on education, disaster relief, and community development. Some of the key CSR programs and initiatives discussed include the K.C. Mahindra Education Trust, which provides scholarships and education funding; Mahindra Academies, which are schools established near factories for employees' children; disaster relief support during events like tsunamis and earthquakes; and transforming municipal gardens in cities. The document analyzes how Mahindra & Mahindra integrates social responsibility into its business operations through these and other community programs.
This document discusses corporate social responsibility (CSR), including its definition, evolution over time, drivers, and examples in India. CSR is defined as how companies manage business processes to have an overall positive social impact. It has evolved from social stewardship in the 1950s-60s to global citizenship today. Key drivers of CSR include shrinking government roles, disclosure demands, investor pressure, and competitive markets. Major Indian companies like Tata, Infosys, and Mahindra have established CSR programs in areas like community health, education, and the environment. New legislation in India will require large companies to spend at least 2% of profits on social initiatives.
This document discusses the corporate social responsibility activities of Mahindra & Mahindra and Aditya Birla Group. It provides details on 15 CSR activities of Mahindra & Mahindra, including education programs, disaster relief, environmental conservation, and health initiatives. For Aditya Birla Group, it mentions their CSR vision but does not provide specifics on activities. In conclusion, it states that CSR can generate business profits while also providing social benefits.
This document discusses trends in corporate social responsibility (CSR) program development and strategies to promote CSR. It outlines several trends in CSR programs, including branding, aligning initiatives with core competencies, and cross-sector partnerships. The document then examines partnerships in more depth, exploring the basis, forms, and how stakeholders can contribute. It discusses socially anchored competency models that integrate CSR and business strategy to achieve social and competitive advantages. Finally, the document proposes strategies for promoting CSR, such as fostering CSR-friendly social dialogue, rethinking governance, enabling stakeholder roles, and promoting internal and external CSR aspects.
Mahindra & Mahindra was founded in 1945 in India to assemble Jeeps from Willys. It made the first indigenous Jeep in India in 1949. Today, Mahindra has grown into a large business conglomerate with core businesses in automotive, technology, finance, and farming. It focuses on social initiatives like education, healthcare, disaster relief, arts, culture, sports and the environment through organizations like the K.C. Mahindra Education Trust and the Mahindra Hariyali initiative.
Corporate Social Responsibility is a concept which suggests that commercial corporations must fulfill their duty of providing care to the society. For more information on CSR please visit: http://www.thetrendisblue.com/article.cms/corporate-social-responsibility-and...
Follow The Trend Is Blue on Twitter: http://twitter.com/#!/thetrendisblue
Like The Trend Is Blue on Facebook: http://www.facebook.com/TheTrendIsBlue
Connect The Trend Is Blue on Linkedin: http://www.linkedin.com/company/the-trend-is-blue-ltd
Mahindra and Mahindra Limited is an Indian automotive company and one of the largest vehicle manufacturers in India. The company was established in 1945 and is a leader in the tractor and utility vehicle market in India. It has a presence in key automotive sectors including farm equipment, automotive components, infrastructure development, and information technology. The company has grown significantly over the last 5 years at a CAGR of 14% and is expanding its operations globally through partnerships and acquisitions. Mahindra is also focused on corporate social responsibility initiatives in areas like education, environment, and health.
Mahindra & Mahindra is an Indian multinational conglomerate based in India. It operates in key industries such as automotive, farm equipment, defense, IT, and infrastructure development. It has diversified into 18 industries through 114 subsidiary companies. Some of its strategic business units include automotive, farm equipment, financial services, IT, and infrastructure development. It focuses on sustainability and corporate social responsibility through various environmental and social initiatives.
Project report on mahindra & mahindra ltd. (tractors division)Paras Dhingra
This document provides an overview of Mahindra & Mahindra Ltd., an Indian automotive manufacturing company. It discusses the company's history beginning in 1945, facilities and subsidiaries globally. The company manufactures tractors, utility vehicles, passenger cars and other vehicles. It has two main divisions - automotive and farm equipment. The document outlines the company's various products, competitors like Maruti Suzuki and Hind Motors, functional departments, business development operations including marketing strategies, and financial performance over time.
Mahindra & mahindra project repot by (makshud khan)Makshud Khan
The document discusses customer satisfaction with Mahindra and Mahindra vehicles based on a study conducted in Deoghar, Jharkhand. It provides details about Mahindra's product portfolio and strategies to improve customer satisfaction. The research methodology involved collecting primary data through 150 questionnaires and secondary data from websites and magazines. Key findings were that Mahindra has a good market share in Deoghar for SUVs and customers are generally satisfied with the design, services, and facilities provided compared to other brands. The conclusion is that Mahindra is offering good customer satisfaction in Deoghar.
This document provides an introduction to corporate social responsibility (CSR), including a definition, reasons for adopting CSR programs, potential objections to CSR, and how CSR programs can be communicated and reported. It discusses the business advantages of CSR in areas like human resources, risk management, and brand differentiation. It also presents alternative viewpoints on CSR and considers frameworks for CSR reporting, including using triple bottom line accounting and standards from organizations like the Global Reporting Initiative.
Social Responsibilities of business & business ethicsVarsha Dubey
This document discusses the social responsibility of business. It defines social responsibility as business decisions and actions that are desirable to society. It provides arguments both for and against social responsibility, such as justifying a business's existence and avoiding government regulation as reasons for, and violating profit goals and burdening consumers as reasons against. The document also covers the different types of social responsibility businesses have and how they relate to stakeholders, as well as the role of businesses in environmental protection and the importance of business ethics.
This document discusses the concept of social responsibility of businesses. It defines social responsibility as an entity's responsibility to consider the interests of society through its activities and impact. Corporate social responsibility refers to organizations voluntarily taking steps to improve life for stakeholders like employees, communities, and the environment. The document also discusses models of social responsibility put forward by scholars like Carroll and Halal. It examines factors influencing businesses' social orientation and perspectives both supporting and opposing the idea of social responsibility.
CSR has a long history associated with it impacts on organizations behavior. CSR is originally considered an American and European concept. During the 1990s the idea of CSR became almost universally approved, also CSR was coupled with strategy literature and finally, in the 2000s.
In India as in the rest of the world there is a growing realization the capital markets and corporations are. After all, created by society and must therefore serve it, not merely profit from it. And those consumers and citizens campaigns can make all the difference.
For over 50 years, Hindalco has worked in the hinterlands of India to better the quality of life of the underprivileged sections of society. This study is undertaken to provide a systematic analysis of:
Study of Corporate Social Responsibility in India and its impact on business ...Vishal Gupta
This project report explores corporate social responsibility (CSR) in India through a study of top Indian corporations. The report finds that while some corporations have structured CSR programs, many others take a more superficial approach. CSR activities commonly include partnering with NGOs, funding education and healthcare initiatives, and engaging with local communities. The government also influences CSR through new regulations requiring large companies to dedicate a percentage of profits to CSR. Overall, the study concludes that CSR benefits society through improved living conditions and entrepreneurship, benefits businesses by enhancing their reputation and opportunities in emerging markets, and benefits the government by supporting social development goals.
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
This document summarizes a research article about corporate social responsibility (CSR) in India. It discusses the key concepts and dimensions of CSR including economic, legal, ethical, and philanthropic responsibilities. It also analyzes factors driving CSR practices in Indian companies such as cost management, tax relief, customer demand, and government pressure. The objectives of the research are outlined, and prior literature on defining CSR and examining its challenges is reviewed. Issues and challenges with implementing CSR in India are explored.
Abstract: Over the last years an increasing number of companies worldwide started promoting their Corporate Social Responsibility or CSR strategies because the customers, the public and the investors expect them to act sustainable as well as responsible. In most cases CSR is a result of variety of social, environmental and economic pressures. Hence Corporate Social Responsibility has become more relevant today than ever before. This article analysis the meaning of CSR as long as it's effects in Odisha and an attempt to examine the various policies adopted by top Corporate sectors and their role to eliminate the various problem such as poverty, hunger, environmental sustainability, unemployment, gender inequality and protection of national and provincial heritage, art and culture. Under this background, this study reflects the comparative analysis of some major corporate houses like BPSL, MCL, NALCO, TATA and VEDANTA towards CSR expenditure in different districts of Odisha. Among the districts, the maximum CSR spend was in Angul followed by Jajpur and Sundergarh. This article also gives an insight of the recent policy change in respect of CSR with introduction of mandatory Provision - Section 135 on CSR in Companies Act 2013.
Keywords: Corporate Social Responsibility, Environment, Economic, Role Policy and Effect.
Title: EFFECT OF CSR IN ODISHA
Author: Dr. Sandeep Kumar Patnaik, Abhijeet Patra
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
This study examines empirically the relationship between corporate social responsibility and financial performance of some selected banks in Nigeria with the use of secondary data, sourced from six (6) selected banks annual reports and accounts using Judgemental sampling in a population of fifteen (15) Banks. Financial summary between “2002-2011” i.e. ten (10) years period and NSE FACT Book were used to obtain data. The objective of this study is to examine the impact of banks financial performance on Corporate Social Responsibility. The study utilized multiple regressions for the analysis of collected data, findings from the analysis of selected banks show that financial performance (PAT, ROCE, EPS) have significant positive impact on corporate social responsibility, and the collinearity test show that there is no Multicollinearity between the independents variables. The Independent Variables are PAT, ROE, ROA, EPS and ROCE which constitute indicators of banks financial performance while the Dependent variables are Philanthropic, Economic, Legal and Ethical Responsibilities (CSR). It is recommended that Nigerian banks should embrace the culture of CSR and government should established laws and regulations to oblige financial institutions or rather banks in Nigeria to give adequate attention to social responsibility, social accounting and put in place strong mechanisms and institutions to monitor compliance and if possible determine the quantum amount of charitable contribution to be reported in their annual reports and accounts by providing index or range.
Corporate social responsibility (csr) and issue to corporate financial perfor...Alexander Decker
This document summarizes a study on the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) of banking companies in Bangladesh. It provides background on CSR and reviews previous literature on the relationship between CSR and CFP. The study uses questionnaires to assess perceptions of CSR among banking executives and social groups. It analyzes CSR practices reported in annual reports of selected Bangladeshi banks. Statistical tests are used to analyze the relationship between CSR and CFP. The study aims to provide insight into CSR practices in Bangladesh and their potential impact on financial performance.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Stakeholders perceptions regarding usefulness of corporate socialTapasya123
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Corporate social responsibility_csr_overKush Juthani
1. The document discusses corporate social responsibility (CSR) initiatives taken by various companies in India. It provides examples of CSR programs focused on areas like farmer development, education, healthcare, and community development.
2. Many large Indian companies and corporations are recognizing CSR as an important part of their business strategy and are engaging in long-term, sustainable CSR programs in partnership with NGOs and local communities.
3. Examples of leading CSR programs mentioned include ITC's farmer development programs, IT companies like TCS and Wipro developing educational software, and companies like Aptech, Infosys Foundation, and Jubilant Organosys running schools, hospitals, and health programs.
This document summarizes an empirical study on corporate social responsibility (CSR) practices in India, with a focus on fast-moving consumer goods (FMCG) companies. It begins with conceptual background on CSR, including definitions and the evolution of CSR in India over four phases from pre-1914 to present. It then discusses approaches, dimensions, types, drivers and factors affecting CSR expenditures. The document profiles the FMCG sector in India and selects ten major FMCG companies for analysis. It reviews literature on dimensions of CSR, CSR awareness, practices, impact on stakeholders, and CSR spending/activities. Finally, it presents trends and patterns of CSR spending for five sample FMCG companies over several years.
Corporate Social Responsibility Reporting on Performance of Oil and Gas Compa...ijtsrd
The study examined the effect of corporate social responsibility reporting on financial performance of Oil and Gas companies in Nigeria. Ex post facto research design and content analysis were adapted. A sample of ten oil and gas companies was selected for the study. The hypothesis was tested using linear regression analysis with the aid of E view 9.0. The study revealed that return on capital employed has insignificant effect on corporate social responsibility of Oil and Gas companies in Nigeria. The study recommended that the external users of corporate social responsibility reports such as the shareholders, local communities, employees and other stakeholders should device appropriate channels by which their demands for such reporting can be adequately pressed upon. Ezekwesili, Tochukwu P. | Emeneka, Ogochukwu L "Corporate Social Responsibility Reporting on Performance of Oil and Gas Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47520.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47520/corporate-social-responsibility-reporting-on-performance-of-oil-and-gas-companies-in-nigeria/ezekwesili-tochukwu-p
This document provides an overview of a case study on the corporate social responsibility (CSR) practices of Reliance Power plant in Zuarinagar, Goa. It discusses the objectives and research methodology of the study. It then defines CSR and outlines Reliance Power's CSR initiatives in areas like health, education, employment, and environmental sustainability. The CSR activities described include operating medical centers and eye camps, building schools, providing skills training to locals, ensuring access to clean water, and implementing eco-friendly practices in company townships.
From Philanthropy to Mandatory CSR: A Journey towards Mandatory Corporate So...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
This document discusses the evolution of corporate social responsibility (CSR) in India from philanthropy to mandatory CSR. It notes that traditionally, CSR in India was seen as philanthropic activity performed voluntarily by companies. However, global influences and demands from communities have made CSR more strategic and linked to business. The Companies Act of 2013 introduced CSR to the forefront in India and mandates disclosure of CSR activities. The objective of the study is to analyze the rationale for making CSR spending mandatory in India given its development needs and uneven distribution of growth benefits.
corporate social responsibility initiatives between public sector and.pptxAyaanKhan453492
Corporate social responsibility (CSR) refers to companies practicing environmental, ethical, philanthropic, and financial responsibility. This document compares CSR initiatives between public and private sector companies in India. An analysis of 18 major Indian companies found that most top-scoring companies in terms of CSR percentages, stakeholder engagement, disclosure, and governance were private sector corporations. Specifically, of the top 5, 7 of the top 10, and 11 of the top 15 scoring companies were private sector businesses. Therefore, the analysis concluded that private sector companies in India generally demonstrate more comprehensive and committed CSR initiatives compared to public sector companies.
Report- Impact of CSR on financial performance of the companyBindu Priya Pasham
A team of dedicated professionals from IIM Udaipur, Futurescape and Economic Times have worked on the CSR study of 2015 and has listed India’s top 100 companies for CSR in the year. The top 5 companies and the bottom top 4 companies of the list i.e. 95-99 companies will be considered. The financial data of those companies will be taken and ratios will be performed, so that we come to know whether CSR policy has benefited the companies financially or not.
This document outlines a research project to conduct a socio-economic impact assessment of corporate social responsibility (CSR) activities undertaken by public sector units in Uttar Pradesh, India. The project will examine the impact and effectiveness of CSR programs related to education, healthcare, poverty alleviation, and sustainable development. Key objectives are to evaluate how CSR funds are used and their benefits to society, identify areas for improvement, and provide recommendations. Primary and secondary data will be collected through surveys, interviews, and reports. The 30-month project requires a budget of Rs. 20.3 lakh and will analyze CSR activities, their outcomes, and produce a report on findings and policy inputs.
This document discusses corporate social responsibility (CSR) in India, including its dimensions and challenges. It begins by providing background on CSR and defining it as companies integrating social and environmental concerns voluntarily into their business operations and interactions with stakeholders. The document then examines drivers of CSR like demands for disclosure, customer and investor pressure. It outlines dimensions of CSR like economic, legal, ethical and discretionary responsibilities. Challenges of CSR in India are also summarized, such as lack of community participation, need to build local capacities, issues of transparency and non-availability of clear guidelines. Examples are provided of CSR practices by Indian companies Reliance and Tata.
Similar to A Study on Linkage between Corporate Social Responsibility and Return on Net worth (Ronw) Of Selected Companies: An Empirical Analysis (20)
An Examination of Effectuation Dimension as Financing Practice of Small and M...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Does Goods and Services Tax (GST) Leads to Indian Economic Development?iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Childhood Factors that influence success in later lifeiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Emotional Intelligence and Work Performance Relationship: A Study on Sales Pe...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Customer’s Acceptance of Internet Banking in Dubaiiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
A Study of Employee Satisfaction relating to Job Security & Working Hours amo...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Consumer Perspectives on Brand Preference: A Choice Based Model Approachiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Student`S Approach towards Social Network Sitesiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Broadcast Management in Nigeria: The systems approach as an imperativeiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
A Study on Retailer’s Perception on Soya Products with Special Reference to T...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
A Study Factors Influence on Organisation Citizenship Behaviour in Corporate ...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Consumers’ Behaviour on Sony Xperia: A Case Study on Bangladeshiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Design of a Balanced Scorecard on Nonprofit Organizations (Study on Yayasan P...iosrjce
1. The document describes a study that designed a balanced scorecard for a nonprofit organization called Yayasan Pembinaan dan Kesembuhan Batin (YPKB) in Malang, Indonesia.
2. The balanced scorecard translated YPKB's vision and mission into strategic objectives across four perspectives: financial, customer, internal processes, and learning and growth.
3. Key strategic objectives included donation growth, budget effectiveness, customer satisfaction, reputation, service quality, innovation, and employee development. Customers perspective had the highest weighting, suggesting a focus on public service over financial growth.
Public Sector Reforms and Outsourcing Services in Nigeria: An Empirical Evalu...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Media Innovations and its Impact on Brand awareness & Considerationiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Customer experience in supermarkets and hypermarkets – A comparative studyiosrjce
- The document examines customer experience in supermarkets and hypermarkets in India through a survey of 418 customers.
- It finds that in supermarkets, previous experience, atmosphere, price, social environment and experience in other channels most influence customer experience, while in hypermarkets, previous experience, product assortment, social environment and experience in other channels are most influential.
- The study provides insights for retailers on key determinants of customer experience in each format to help them improve strategies and competitive positioning.
Social Media and Small Businesses: A Combinational Strategic Approach under t...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Secretarial Performance and the Gender Question (A Study of Selected Tertiary...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Implementation of Quality Management principles at Zimbabwe Open University (...iosrjce
This document discusses the implementation of quality management principles at Zimbabwe Open University's Matabeleland North Regional Centre. It begins with background information on ZOU and the importance of quality management in open and distance learning institutions. The study aimed to determine if quality management and its principles were being implemented at the regional centre. Key findings included that the centre prioritized customer focus and staff involvement. Decisions were made based on data analysis. The regional centre implemented a quality system informed by its policy documents. The document recommends ensuring staffing levels match needs and providing sufficient resources to the regional centre.
Organizational Conflicts Management In Selected Organizaions In Lagos State, ...iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
A Study on Linkage between Corporate Social Responsibility and Return on Net worth (Ronw) Of Selected Companies: An Empirical Analysis
1. IOSR Journal of Business and Management (IOSR-JBM)
e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 17, Issue 1.Ver. I (Jan. 2015), PP 13-17
www.iosrjournals.org
DOI: 10.9790/487X-17111317 www.iosrjournals.org 13 | Page
A Study on Linkage between Corporate Social Responsibility and
Return on Net worth (Ronw) Of Selected Companies: An
Empirical Analysis
Miklesh Prasad Yadav, Dr. Manju Gupta
Abstract: The purpose of the present paper is to study the linkage of CSR initiatives taken by the Indian
companies and its impact on their RONW. For this purpose, various financial parameters have been used like
Return on net worth, profit before tax and earning per share. Researchers have taken a sample of 5 private
companies namely Tata Steel Company, RIL, Mahindra & Mahindra, Infosys and Larsen and Toubro to
examine the relationship between corporate social responsibility and RONR by considering their financial
statement of five years (from March 2010 to March 2014). The logic behind to take such samples is that these
are big private key players with respect to Indian business. After getting all the data, an analysis on the
relationship between CSR and other financial parameters like EPS, PBT and RONR are tested by Regression
analysis and ANOVA. Irrespective of this general outcome, the current study depicts evidence that there is a
insignificant relationship between CSR and Return on Net Worth (RONR) in case of these companies.
Keywords: Corporate Social Responsibility, RONW, EPS, Financial Performance
I. Introduction
In India, CSR is not a new concept now. The concept of business has changed from profit yielding
activities to social betterment activities where business is responsible for all the stakeholders rather than
shareholders only. Traditionally, CSR has been defined much more in terms of a philanthropic model. As time
passed, the concept of CSR has undergone changes tremendously. The paper in basically focused on the CSR
activities of these Indian Private Companies and how they are related with profitability and in what extent they
are eager to involve in these CSR activities. In modern era of business world, Corporate Social Responsibility is
the continuing commitment by business to behave ethically and contribute to economic development while
improving the quality of life of the workforce and their families as well as of the local community and society at
large. It addresses the legal, ethical, commercial and other expectations that society has for business and making
decisions that fairly balance the claims of all key stakeholders. It promotes vision of business accountability to a
wide range of stakeholders. CSR is also known as corporate conscience, corporate citizenship, social
performance and sustainable responsible business. The term "corporate social responsibility" became popular in
the 1960s. India has one of the richest traditions of CSR among other countries. Indian business tycoons are
treating CSR as more important segment of their business activity but yet it has to receive widespread
recognition. CSR is not a new concept in India. Modern businessmen are more concerned with it than their
predecessors. Since their inception, corporate like the Tata Group, the Aditya Birla Group, and Indian Oil
Corporation, to name a few, have been involved in serving the community. Through donations and charity
events, many other organizations have been doing their part for the society. J.R.D. Tata was the first leading
businessman to explicitly recognize that business does not operate in isolation from society. He remarked, “The
most significant contribution organized industry can make is by identifying itself with the life and the problems
of the people of the community to which it belongs, and by applying its resources, skills and talents to serve and
help them.”
Profitability is the situation of yielding financial gain that is measured by price to earning ration. It is
treated as the test of efficiency because the company or firm who has higher profit is more efficient than the
company with lower one. Profit is the yardstick for judging not just the economic, but the managerial efficiency
and social objectives also. As Weston and Brigham rightly notes “to the financial management profit is the test
of efficiency and a measure of control, to the owners a measure of the worth of their investment, to the creditors
the margin of safety, to the government a measure of taxable capacity and a basis of legislative action and to the
country profit is an index of economic progress, national income generated and the rise in the standard of
living”, while profitability is an outcome of profit. In other words, no profit drives towards profitability. Every
firm wants to make today better than yesterday and tomorrow better than today. That is why they are engaged in
making profits.
II. Literature Review
Rim Makni and Claude (2008) made a study on the causal relationship between corporate social
performance (CSP) and financial performance (FP) by taking the sample of 179 publicly held Canadian firms
2. A Study on linkage between Corporate Social Responsibility and Return on Net Worth…
DOI: 10.9790/487X-17111317 www.iosrjournals.org 14 | Page
and use the measures of CSP provided by Canadian Social Investment database for the years 2004 and 2005.
The result found no significant relationship between a composite measure of a firm‟s CSP and FP, except for
market returns. However, using individual measures of CSP, it revealed robust significant negative impact of the
environmental dimension of CSP and three measures of FP, namely return on assets, return on equity, and
market returns.
McWilliams and Siegel (2001) concluded that neutral relationships between CSR and CFP are outlined
by a supply and demand model of CSR. A firm‟s dependency level of CSR is determined by its size, level of
diversification, R&D, etc. The analysis revealed that there is some level of CSR that will maximise profits while
satisfying the demand for CSR from multiple stakeholders and the ideal level of CSR can be determined by
cost-benefit analysis.
Honghui Chen and Xiayang Wang (2011), corporate social responsibility and corporate financial
performance in China: an empirical research from Chinese firms. A theoretical framework was proposed based
on the stakeholder theory by defining nine kinds of stakeholders and viewing the companies taking CSR as
giving responses to the interest requirement of these stakeholders. The paper used the data collected in 2007 and
2008 from Chinese firms to explore the relationship between CSR and corporate financial performance (CFP)
empirically. The results found that companies' social responsibility activity can improve their financial
performances of the current year, have significant effects on their financial performances of the next year, and
vice versa. The variation of CSR and financial performance can also significantly influence each other.
Harpreet Singh Bedi (2012), made a study on Financial Performance and Social Responsibility: Indian
Scenario. For the purpose of research, 37 companies were taken as sample size. Regression analysis was used to
test the hypothesis. The result revealed that there is positive relationship between CSR and financial
performance. 26 out of 37 companies spent lesser amount on social projects 11 companies spent more than their
estimated budget of CSR.
Mishra and Suar (2010) investigated whether CSR towards primary stakeholders affected the Financial
Performance (FP) and the Non-Financial Performance (NFP) of Indian firms. The study used data on CSR and
NFP that was collected from 150 senior level Indian managers through a questionnaire survey where as financial
data of firms was collected from secondary sources. A questionnaire was made consisting stakeholder groups –
employees, investors, customers, community, natural environment and suppliers. A composite measure of CSR
was obtained by aggregating the six dimensions. The result revealed that stock-listed firms show responsible
business practices and better financial performance than the non- listed firms.
III. Overview Of CSR Activities In RIL,TSC And M&M
RIL's contribution to the community are in areas of health, education, infrastructure development
(drinking water, improving village infrastructure, construction of schools etc.), environment (effluent treatment,
tree plantation, treatment of hazardous waste), relief and assistance in the event of a natural disaster, and
miscellaneous activities such as contribution to other social development organisations etc. RIL's CSR teams
across its manufacturing divisions interact with the neighbouring community on regular basis.RIL plays a
pivotal role in supporting Government's initiative towards education of girl child. In Gujarat, under the project
"Kanya Kelvani", RIL's Dahej Manufacturing Division has extended financial assistance towards education of
girl child in the state.RIL has developed Community Medical Centres near most of its manufacturing divisions
to provide comprehensive health services covering preventive, promotive and curative health care services to the
community from neighbouring villages.
Tata Steel, for the last 100 years has been committed to the social upliftment and development of the
state of Jharkhand. It has been working towards improving the quality of life of the communities it operates in.
Social development and welfare of communities of Jharkhand has been internalized by the Company since its
inception and has been followed since then, making Tata Steel a leader in the area of social commitment..The
wealth generated by Jamsetji Tata and his sons in half a century of industrial pioneering formed but a minute
fraction of the amount by which they enriched the nation. The whole of that wealth is held in trust for the people
and used exclusively for their benefit. The cycle is thus complete: what came from the people has gone back to
the people many times over. For Jamsetji Tata, the progress of enterprise, welfare of people and the health of the
enterprise were inextricably linked. Wealth and the generation of wealth have never "been ends in themselves,
but a means to an end, for the increased prosperity of India," The Times of India said in 1912 of the Tatas.
Successive generations of Tata Group leaders have always held the belief that no success in material terms is
worthwhile unless it serves the interest of the nation and is achieved by fair and honest means.
The M & M defines CSR as making socially responsible products, engaging in socially responsible
employee relations and making a commitment to the community around it. At the Mahindra Group, CSR is not
just a duty; it is a way of life. In 2005, the Group celebrated its 60th
anniversary by renewing its commitment to
3. A Study on linkage between Corporate Social Responsibility and Return on Net Worth…
DOI: 10.9790/487X-17111317 www.iosrjournals.org 15 | Page
CSR. It pledged to dedicate mandatory amount on a continuous basis towards societal benefits. A unique kind of
ESOPs was launched to enable Mahindra employees to involve themselves in socially responsible activites of
their choice. The group also announced a special gift to provide free cochlear implants to 60 profoundly
hearing-impaired, under – privileged children.
Infosys: The distribution of wealth is an important as it is legal and ethical creation. Infosys employees
actively participate in the welfare of the local community. The employee organize and contribute to welfare
programs, especially for underprivileged children. It spends more CSR spending in healthcare, education and
literacy training for the development and community welfare.
Larsen and Toubro: L&T believes that the true and full measure of growth, success and profress lies
beyond balance sheets or any economic indices. It is best reflected in the difference that business and industry
make to the lives of people. Through its social investments, it addresses the needs of communities residing in
the vicinity of its facilities, taking sustainable initiatives in the areas of health, education, environment
conservation, infrastructure and community development.
Research Objectives
To examine the relationship between CSR and Return on Net Worth.
To determine the significance of CSR and Financial Performance.
To understand the dependency of CSR expenditure on profitability.
Hypothesis
H1: There is positive relationship between CSR and Earning per share.
H2: Firms with higher CSR spending action will exhibit higher return on net worth.
Research Design
The study is based on the secondary data collected from the websites of Tata Steel Company, RIL,
Mahindra & Mahindra, Infosys and Larsen and Toubro for the year of 2010 to 2014. Various financial
parameters like earning per share, return on net worth, CSR spending and profit before tax have been taken to
measure the CSR in current study.
Table 1
IV. Research Methodology
As it is clear from the research design that secondary data has been the chief source of information for
the study. Data relating to PBT/CSR Spending/RONW were used to assess the relationship between CSR and
RONW. Researchers employed Descriptive Statistics, ANOVA and Regression analysis at alpha level 1% using
SPSS 16 Software to test the hypothesis.
Name Year EPS CSR Spending
(in millions)
PBT
(In Millions)
RONW (%)
Tata Steel Company March 2010 56.37 368.32 18,416 13.45
March 2011 71.58 1824.48 91,224 14.68
March 2012 68.95 1098.24 54,912 12.72
March 2013 52.13 651.38 32,569 9.17
March 2014 66.02 1349.96 67,498 10.48
RIL March 2010 49.64 393.31 19665.72 11.35
March 2011 61.97 491.69 24584.81 12.60
March 2012 61.26 486.52 24326 12.18
March 2013 65.05 525.68 26284 12.50
March 2014 68.02 556.36 27818 10.97
Mahindra &
Mahindra Co.
March 2010 36.89 55.48 2774.26 26.74
March 2011 43.36 70.39 3519.61 25.81
March 2012 46.89 72.12 3605.89 23.65
March 2013 54.61 88.94 4447.09 22.87
March 2014 61.02 87.34 4369.43 22.38
Infosys Company March 2010 101.13 150.4 7520 26.8
March 2011 112.22 176.42 8821 26.15
March 2012 147.50 231.6 11580 26.42
March 2013 158.75 247.14 12357 24.81
March 2014 178 280.04 14002 23.92
Larson&Toubro Ltd. March 2010 90.37 149.57 7478.68 26.44
March 2011 73.05 136.01 6800.71 17.78
March 2012 76.46 139.47 6973.51 15.97
March 2013 85.14 152.75 7637.92 15.37
March 2014 52.37 149.65 7482.98 12.99
4. A Study on linkage between Corporate Social Responsibility and Return on Net Worth…
DOI: 10.9790/487X-17111317 www.iosrjournals.org 16 | Page
Analysis and Interpretation
Table 2
Descriptive Statistics
N Minimum Maximum Mean Std. Deviation Skewness
Statistic Statistic Statistic Statistic Statistic Statistic Std. Error
CSR 25 55.48 1824.48 397.33 436.42270 2.101 .464
PBT 25 2774.26 91224.00 19867 21821.02391 2.101 .464
EPS 25 36.89 178.00 77.5500 36.31188 1.626 .464
RONW 25 9.17 26.80 18.3280 6.43612 .133 .464
Valid N (listwise) 25
In the selected companies, the mean EPS is 77.55. Infosys achieved higher EPS (139.52 millions) than
the mean score of EPS. The mean score of CSR is 397.33 millions. With respect to CSR, RIL achieved higher
score than Mean CSR score. When it comes talking about, profit before tax (PBT), the mean score of is 19867
millions. Tata Steel Company and RIL achieved greater than average level of PB. The average score of RONW
is 18.32%. Tata Steel Company, Mahindra & Mahindra and Infosys achieved higher level than the mean level.
Considering all the conditions, it has been observed that Tata Steel Company and RIL achieved more score than
the mean level.
Table 3
To test the H1, Table3 has been taken care. The regression of EPS on CSR score output yields an
Adjusted R Square =-0.34, R Square = 0.009, R =0.096, F =.213, P = 0.649 and Df = 24. The result represents
like P>0.01 level hence H1 (There is positive relationship between CSR and Earning per share) is accepted. It
means that when firms increase CSR spending, their EPS also increases. It is also indicating that corporate
social responsibility is an important tool in achieving effective financial performance in these five companies
(Tata Steel Company, RIL, Mahindra & Mahindra, Infosys and Larsen and Toubro Ltd.). It shows that R Square
is 0.009 which accounted for about 0.9% variation in the EPS.
Table 4
Correlations
CSR EPS PBT RONW
CSR Pearson Correlation 1 -.096 1.000**
-.556**
Sig. (1-tailed) .324 .000 .002
N 25 25 25 25
EPS Pearson Correlation -.096 1 -.096 .435*
Sig. (1-tailed) .324 .324 .015
N 25 25 25 25
PBT Pearson Correlation 1.000**
-.096 1 -.556**
Sig. (1-tailed) .000 .324 .002
N 25 25 25 25
RONW Pearson Correlation -.556**
.435*
-.556**
1
Sig. (1-tailed) .002 .015 .002
N 25 25 25 25
**. Correlation is significant at the 0.01 level (1-tailed).
Regression result on the impact of CSR on EPS
Model Sum of Squares df Mean Square F Sig.
R R
Square
Adjusted R
Square
1 Regression 290.640 1 290.640 .213 .649a
0.096 0.009 -0.34
Residual 31354.623 23 1363.244
Total 31645.263 24
a. Predictors: (Constant), CSR
b. Dependent Variable: EPS
5. A Study on linkage between Corporate Social Responsibility and Return on Net Worth…
DOI: 10.9790/487X-17111317 www.iosrjournals.org 17 | Page
Table 5
Table5 has been emphasized to test H2. The above mentioned regression results an adjusted R Square =
0.279, R Square = 0.309, R = 0.556, F =10.298, df = 24. According to the Table5, P value (0.004)<0.01(Alpha)
which represents H2 (Firms with higher CSR spending action will exhibit higher return on net worth) is
rejected. It means spending societal activities does not lead to increase return on net worth irrespective of Tata
Steel Company, RIL, Mahindra & Mahindra, Infosys and Larsen and Toubro Ltd.
V. Conclusion
Based on the analysis and interpretation in this study designed the research to answer the question of
whether CSR spending influences company‟s RONW in above selected companies or not. The study concludes
that there is a insignificant relationship between CSR and RONR where as there is positive relationship between
CSR and EPS in selected companies. It means spending in CSR influences positively to the EPS of company not
to the RONR. Increasing CSR spending leads to increasing earning per share. CSR helps to innovate in order to
satisfy consumers, grab market opportunity and differentiate themselves from others to become more competent
in selected companies. Some limitations of the study and suggestions on how to overcome them are elaborated
in the following arguments. The first limitation is the inconsistency of results obtained using various financial
parameters. This problem can be solved by future research paying more attention to the selection of measures
for the firms‟ financial parameters to measure the profitability used in the study of CSR. Secondly, the sample
size in this study, taken from the five Indian companies that doesn‟t reflect the overall private sectors. Lastly,
given that this study has considered the evaluation for only five years these findings should be interpreted with
caution. Future research in this area must consider it necessary to extend the number of periods studied to
evaluate recent legal requirements as well.
References
[1]. Arora, D & Rana, GA 2010, „Corporate and Consumer Social Responsibility: A Way for Value Based System‟, Proceedings of
AIMS International Conference on Value-based Management, 11-13 August, viewed 29 Dec 2010, <http://www.aims-
international.org /aicvm/AICVMCD/pdf/ Valud-based%20Management/YV144-Final.pdf>.
[2]. Bedi, HS 2009, „Financial Performance and Social Responsibility: Indian Scenario‟, Working Paper, viewed 29 December 2010, <
http://ssrn.com/abstract=1496291>.
[3]. Carroll, AB 1999, „Corporate social responsibility: Evolution of a definitional construct‟, Business and Society, vol. 38, no. 3, pp.
268–295.
[4]. Gupta & Saxena 2006, „Corporate Social Responsibility in Indian Service Organisations: An Empirical Study‟, Proceedings of the
International Conference on „CSR-Agendas for Asia‟, ICCSR, 13-14 April 2006, in Kuala Lumpur, Malaysia. 30.
[5]. Manderson, AK 2006, „Systems Based Framework to Examine the Multi-Contextual Application of the Sustainability Concept.
Environment‟, Development and Sustainability, vol. 8, pp. 85-97
[6]. Mustaruddin Saleh and Norhayah Zulkifli, „An Empirical Examination of the Relationship between CSR Disclosure and Financial
Performance in an Emerging Market‟ in 2013
[7]. Singhania, M 2011, „Corporate Governance and Financial Performance in India: An Empirical Study‟, Social Responsibility
Review, Vol. 4, pp. 44-64.
[8]. Suraiya Mahbuba and Nusrat Farzana, „CSR and Profitability: A case study on Dutch Bangla Bank Ltd‟ in IJBSR, Volume 3, No. 4,
April 2013
[9]. Richardson, A. J., Welker, M., & Hutchinson, I. R. (1999). Managing capital market reactions to corporate social responsibility.
International Journal of Management Reviews, 1, 17-43.
[10]. Rupal Tyagi, Sharma & Agarwal, July 2013, „Critical factors of CSR- An Empirical Study‟ Proceedings of the IJMIT
[11]. Robert Fiore and Lee W. Lee, „CSR An Empirical Analysis of Market Value‟ in The Clute institute international academic
conference Orlando, Florida, USA 2014.
[12]. Turban, D. B., & Greening, D. W. (1997). Corporate social performance and organizational attractiveness to prospective employees.
Academy of Management Journal, 40, 658-672.
[13]. V.L.Gonindarajan and Dr.S.Amilan, November 2013, „A study on linkage between CSR Initiatives with Financial Performances:
Analysis from Oil and Gas Products‟ in Pacific Business Review International, Volume 6, Issue5.
[14]. Wood, D.J. and Jones, R.E. (1995), “Stakeholder mismatching: a theoretical problem in empirical research on corporate social
performance”, International Journal of Organizational Analysis, Vol. 3 No. 3, pp. 229-67
ANOVAb
Model Sum of Squares df Mean Square F Sig.
R R
Square
Adjusted R
Square
1 Regression 307.472 1 307.472 10.298 .004a
0.556 0.309 0.279
Residual 686.695 23 29.856
Total 994.168 24
a. Predictors: (Constant), CSR
b. Dependent Variable: RONW