Measuring Corporate Social Responsibility in India: A Composite Indicator Model

Francis Kuriakose

MPRA Paper from University Library of Munich, Germany

Abstract: This paper proposes a composite indicator model called CSR index to measure corporate social responsibility practices of Indian companies. The proposed CSR index comprises three dimensions of CSR implementation, stakeholder management and sustainability, which are measured using 39 indicators. Data is collected from annual reports and business responsibility reports for top 100 companies ranked according to market capitalisation in March 2019. The final ranking using the CSR index highlights how Indian companies perform in their CSR practices beyond the legally mandated expenditure recommended by the Companies Act 2013. Robustness analysis shows that the ranking is robust with respect to input factors, data selection and data transformation. Regression modelling of select dimension scores of CSR index with exogenous variables of firm performance such as internal complaint resolution, turnover and profit shows positive correlation. The CSR index helps managers and policy makers to channelize a given company’s efforts at CSR into targeted programmes through resource allocation and monitoring, whilst comparing its relative performance within and across dimensions and industries.

Keywords: Corporate social responsibility; Sustainability; Corporate governance; Business ethics; Corporate citizenship (search for similar items in EconPapers)
JEL-codes: M10 M14 M21 (search for similar items in EconPapers)
Date: 2021-06-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Measuring Corporate Social Responsibility in India: A Composite Indicator Model (2022)
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