 Corporate Social Responsibility in NepalArhan Sthapit ()
A chapter in Current Global Practices of Corporate Social Responsibility, 2021, pp 777-800 from Springer Abstract: Abstract The chapter examines the current status of CSR practices in Nepal encompassing four critical issues: (1) awareness and perception of stakeholders (customers and employees) towards the CSR practices of firms; (2) corporate understanding and general CSR practices of Nepali firms; (3) the regulatory and government policy regime towards promoting responsible business; and (4) current status of university syllabi on CSR education. The interface between business and society has been typical in Nepal, a relatively small (48th big country in the world), land-locked but resourceful nation situated in South Asia, with the population of 28.98 million; it is a least developed country (LDC) with developing business sector. Based on the available CSR study, which is relatively under-researched in Nepal, the paper synthesises the findings under the four critical areas. First, customer awareness of CSR practices of their sellers is on gradual rise, and the buyers even make it a point to base their buying decisions on how well the firms have discharged their social responsibilities while employees perceive their employers’ CSR performance as a factor to influence their work attitude, job satisfaction and commitment. Second, ambiguity about the CSR definition and domains is prevalent in the corporate sector, and philanthropic CSR is still dominant on all other domains. The lukewarm response of businesses to the business codes of conduct highlights the prevalence of ‘who will bell the cat’ syndrome, despite high rhetoric of the business leaders. Third, through the new regulatory provisions, Nepal government has made a policy shift to make CSR activities mandatory rather than voluntary, as Nepal now straddles now between the voluntary and compulsory CSR regimes. Finally, among the eight universities in the country, Nepal Open University and Tribhuvan University have offered full-fledged, exclusive CSR modules in both bachelors and masters programmes of the Management stream while other varsities have just lagged behind. Yet, there is enough room to improve the pedagogy and develop teaching faculty. Keywords: Academia-industry linkage; Academic-industry initiatives (AII); Business school; Capital gain tax; Caroll’s CSR pyramid; Cash-cow mentality; Corporate white-washing; Corporate window-dressing; CSR education environment; CSR module; CSR regime; CSR syllabi; CSR teaching manual; CSR teaching pedagogy; Dabur Nepal; Economic CSR; Ethical CSR; Faculty of management; FNCCI Business Code of Conduct-2004; Industrial Enterprise Act 2016; Kathmandu University; Legal CSR; Mid-western University; National business initiative (NBI); NBI Business Code of Conduct-2013; NCell; Nepal Open University; Nepal Rastra Bank; Nepal; NRB circular; Philanthropic CSR; Pokhara University; Purbanchal University; Responsible business summit (RBS); Stakeholders theory; Strategic CSR; Sustainable development goals 2016–2030; Tribhuvan University (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-68386-3_36 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-68386-3_36 Access Statistics for this chapter More chapters in CSR, Sustainability, Ethics & Governance from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.