An analysis of corporate social responsibility policies and practices in India

Bishnuprasad Mohapatra () and Tanaya Mohanty ()
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Bishnuprasad Mohapatra: Deemed to be University
Tanaya Mohanty: Utkal University. Bhubaneswar

SN Business & Economics, 2023, vol. 3, issue 11, 1-25

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

Keywords: Corporate social responsibility; India; CSR laws; CSR policy; CSR practices; Discourse analysis (search for similar items in EconPapers)
JEL-codes: M14 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s43546-023-00571-9

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