Suchergebnisse

<em>Post Globalization Indian companies started making CSR a part of their Business strategy rather than merely restricting it to charity or philanthropy. The most significant breakthrough in CSR took place in 2013 with the introduction of idea of 'mandatory CSR'. With an enormous increase in the scope of CSR, the companies are struggling to align their organizational objectives with CSR goals. The companies are focusing on Stakeholder engagement, identifying implementation partners, capacity building, and effective project implementation. What is amiss is impetus on monitoring and evaluation of CSR activities. A number of CSR rating agencies have come up with their own indices, but they lack in adequate transparency on evaluation criteria and methodology. There is also inter-agency divergence with respect to company's evaluation and ranking. This paper proposes a comprehensive and realistic framework which can be implemented in the Indian context for evaluating the CSR activities.<br /> <br /> </em>

Purpose
This paper aims to study the implications of corporate social responsibility (CSR) on employee engagement in selected Indian business giants to which CSR spending is mandatory as per the Companies Act 2013. Researcher also has an intention of preparing working model for increasing employee engagement through CSR.


Design/methodology/approach
Researcher has collected the primary data from HR officials, CSR officials and employees of 23 organisations belonging to 10 main industrial sectors of India. The organisations selected for the data collection belong to India's top 100 organisations as per Bombay Stock Exchange fulfilling a particular criterion. The effect of employee participation in CSR on employee engagement is been studied by identifying four parameters of employee engagement on which the employee participation in CSR may have some effect. The data are analysed with the help of Z test for proportion.


Findings
The major findings of the paper of the study includes that employee participation in CSR positively effects the employee engagement, as it helps in increasing four specifically identified parameters of employee engagement.


Research limitations/implications
The study is limited to the specific area of the effect of employee participation in CSR on employee engagement that too with respect to selected Indian business giants.


Practical implications
On the basis of this study, a theoretical model of CSR and employee engagement is proposed at the end of this paper. The model is expected to work as a guideline to the organisations, which want to improve employee engagement through CSR.


Originality/value
This research is one of its kinds that study the effect of employee participation in CSR on employee engagement. Moreover this research study considers the selected large-scale businesses of India which is the only country having 2% mandatory CSR spending to the organisation fulfilling the specific criteria.

AbstractWe investigate investor sentiment regarding mandatory corporate social responsibility (CSR) as a public policy. Using the event study methodology, we analysed the cumulative abnormal returns (AR) of companies impacted by Section 135 of the Indian Companies Act 2013. Our findings suggest that setting a CSR expenditure threshold may lead companies lagging in CSR to over‐invest, potentially hindering value maximisation. Specifically, we observed that the cumulative AR for companies lagging in CSR are lower than those leading in CSR. Therefore, mandating CSR practices may be counterproductive for value creation. This event study is one of the first to evaluate the impact of mandatory CSR as public policy on CSR‐leading and lagging firms.

AbstractWhile many extant studies focus on the relation between financial performance and corporate social responsibility (CSR) reporting, less attention has been given to the shifting role of financial performance in CSR reporting in a changing institutional environment. The objective of this study is to investigate whether, why, and how institutional transitions affect the role of financial performance in CSR reporting. Using samples of A‐share listed companies from 2008 to 2015, we separately examine the impacts of institutional transitions on firms' propensity to issue standalone CSR reports, the quality of voluntary CSR reports, and the quality of mandatory CSR reports. We find that financial performance buffers against external pressures brought by institutional transitions rather than only serving as a slack resource. By highlighting the buffer role of financial performance, our study provides deeper insights on the relation between financial performance and CSR reporting and contributes to extant institutional research on CSR reporting.

In the first study, I empirically investigate the association between 'Corporate Social Responsibility' (CSR) preferences of external and internal non-shareholder stakeholders and mandatory CSR reporting in a setting of 'German Savings Banks' (GSBs). Pertinent previous research mainly focuses on the predominant CSR information demands of shareholders. At the same time, the link between CSR preferences of non-shareholder stakeholders and mandatory CSR reporting receives comparatively little attention. I aim at addressing this research gap by using a sample of 125 GSBs within the scope of a C...

In the first study, I empirically investigate the association between 'Corporate Social Responsibility' (CSR) preferences of external and internal non-shareholder stakeholders and mandatory CSR reporting in a setting of 'German Savings Banks' (GSBs). Pertinent previous research mainly focuses on the predominant CSR information demands of shareholders. At the same time, the link between CSR preferences of non-shareholder stakeholders and mandatory CSR reporting receives comparatively little attention. I aim at addressing this research gap by using a sample of 125 GSBs within the scope of a C...

Purpose
This study aims to examine the pattern of corporate social responsibility expenditure (CSRE) incurred by Indian companies after the inception of Companies Act 2013. It also highlights the resultant change brought in the corporate social responsibility (CSR) spends of the companies because of COVID-19 pandemic.


Design/methodology/approach
The CSR index provided by the Ministry of Corporate Affairs under Companies (CSR Policy) Rules 2014, is adopted to measure the extent of CSRE made by top 30 Indian companies listed on Bombay Stock Exchange. To study the pattern of CSRE in various domains mentioned in the CSR index, the study is conducted over four points of time. Three alternative years since the commencement of the Companies Act 2013 i.e. 2014–2015, 2016–2017 and 2018–2019 have been taken up. Additionally, the financial year 2019–2020 is included as it marks the inception of the COVID-19 pandemic.


Findings
The findings show that the CSRE made by companies is increasing every year over all points of time taken in the study. In addition to this, Indian companies have voluntarily contributed a substantial amount towards COVID-19 relief over and above the required mandatory limits.


Practical implications
The gradual increase in CSR contributions even above the mandated amount and voluntary contribution towards COVID-19 relief by Indian companies implies that the nature of CSR in India is still philanthropic.


Originality/value
The study contributes to the CSR literature after the implementation of the mandatory CSR provisions in India and in the wake of the global pandemic caused by COVID-19 as so far there is no such study available in the extant literature.