The Political Economy of Corporate Responsibility in India

The Political Economy of Corporate Responsibility in India
Author: Bimal Arora
Publisher: Chandos Publishing
Total Pages: 0
Release: 2029-01-15
Genre: Political Science
ISBN: 9781843344155

The Political Economy of Corporate Responsibility in India takes on the topic of socioeconomic development in India under different economic governance frameworks since the 1950s, and how each has given rise to a large number of interrelated concerns, including impacts on employment and distribution of income, emergence of new forms of vulnerabilities, weakened state structures, imbalanced demographics with sub-national disparities, environmental and biomass degeneration, and dismal performance on several human development indicators. The book includes information on the ways that institutional actors, including private sector corporations, have responded to these challenges. In addition, the increased focus and pressures by campaigners on corporations to not only minimize harm, but also maximize benefits emanating from their operations has put many leading global corporations in the line of fire, creating a profound influence in many countries, including India. This book documents these experiences in the Indian context and identifies the scope and limitations of corporations to address such concerns. Includes a political economy framework to analyze corporate social responsibility (CSR) Integrates analytical constructs on CSR in India with changes in the conditions of businesses in India using empirical data and case studies Links CSR practices in India with changing corporate management practices, their evolution, and a comparative analysis using the Anglo-Saxon model of corporate governance

Political Economy of CSR

Political Economy of CSR
Author: Suvi Dogra
Publisher:
Total Pages: 10
Release: 2011
Genre: Social responsibility of business
ISBN:

The concept of 'Corporate Social Responsibility' (CSR) is not new to the Indian corporate world. The recent proposal by India0́9s Ministry of Corporate Affairs (MCA) to make philanthropy compulsory by law under the Companies Bill 2009, however, gave rise to a raging debate in the country. Many questions were raised including whether a rule-based approach to philanthropy is needed and whether making CSR spend mandatory by law would yield the desired outcomes? However, before one answers these questions, it is important to reflect on one fundamental aspect under the CSR debate. If socially responsible behaviour has become key to corporate agendas, then why have only some firms behaved in a socially responsible manner while others have not? This paper examines the factors that govern such behaviour on the part of firms and traces its relevance to the current CSR debate in India.

Corporate Social Responsibility and Economic Responsiveness in India

Corporate Social Responsibility and Economic Responsiveness in India
Author: Damien Krichewsky
Publisher: Cambridge University Press
Total Pages: 272
Release: 2019-05-23
Genre: Political Science
ISBN: 1316997669

Since the early 2000s, corporate social responsibility (CSR) has rapidly gained significance in India, both among large companies and as a policy instrument formally intended to foster corporate contributions to the country's development goals. This book analyses this phenomenon in relation to broader political and economic changes induced by India's 'pro-business' development strategy. Using a systems-theoretical approach, the analysis shows that 'pro-business' policies have led profit-driven economic processes to increasingly override collective aspirations for social welfare, environmental protection, and democracy. In order to decipher how CSR changes the interplays between profit-making and developmental aspirations, the book provides detailed analyses of CSR in the cement industry and in regulatory policies adopted by the central government. It shows that CSR operates as an 'intermediary institution' which further enhances the autonomy of the economic system, as it makes profit-making more responsive to risks arising from competing collective values and interests.

The Oxford Handbook of Corporate Law and Governance

The Oxford Handbook of Corporate Law and Governance
Author: Jeffrey Neil Gordon
Publisher: Oxford University Press
Total Pages: 1217
Release: 2018
Genre: Business & Economics
ISBN: 0198743688

Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

Corporate Social Responsibility in India

Corporate Social Responsibility in India
Author: Shuchi Bharti
Publisher: Springer Nature
Total Pages: 191
Release: 2022-08-18
Genre: Business & Economics
ISBN: 9811923043

The book explores how the influence by the corporate sector in the economic interactions globally leads to the international governance framework pertaining to CSR, that is primarily based on soft law attributes. Such international soft law regime uniquely influences the way the legal regime around CSR has shaped up in India. Through innovative methodology, the analysis of regulatory space and instruments and the structural framework construe the relationship between state and corporate sectors. It is necessary to investigate the two-fold relationship of state and corporate actors. The book takes up a regulatory, institutional and socio-political investigations through studying the case of CSR in India in the backdrop of the transformations taking place in national arena, its international inspirations and resulting regulatory model that evolve. How the existing regulatory space is affected? What are the implications on the regulatory instruments? The pursuit of the answers would also involve investigation of questions as to how the state-corporate relationship constructed, construed and conducted post state’s ratification of CSR. What are the reasons of such changes? What implications do the role of politics and corporate strategies have on the renewed interest in CSR? The book deals with these aforementioned aspects. This scholarly work synthesizes political, economic and legal aspects of the role of the state and corporate sector with narrowly defined focus of CSR which has the ability to provide a comprehensive broad-brushed account of the larger framework.

Corporate Social Responsibility in India

Corporate Social Responsibility in India
Author: Nirbhay Lumde
Publisher: Notion Press
Total Pages: 132
Release: 2018-10-10
Genre: Business & Economics
ISBN: 164429544X

In India CSR as a mandatory obligation is around five years and the subject area is evolving. The last five years have been a roller coaster ride for many CSR professionals and the journey will continue to be intriguing with an ever-changing landscape. It may take a few more years before we could have seamless processes and systems in place. A good number of development organisations are trying out various ways and means of creating impact with access and availability of CSR grants. It has also seen the emergence of CSR agencies, social enterprises and platforms that will boost and recognise NGO efforts and corporate reputation. These are interesting times indeed! With the emergence of CSR as an important subject in the academia, government and media echelons it is critical that development practitioners and CSR professionals have a philosophical background of the topic. It is also important to understand definitions of various social, economic and political jargons, related institutions and world systems. The book restates and simplifies these from a CSR practitioner’s point of view and captures CSR professional’s journey of understanding the subject area over the years. It also provides few practical approaches to make their role relevant, contextual and prepare for the future. The book also fills the gap of non-availability from a practitioner’s point of view of the CSR subject.

Economics of Corporate Social Responsibility

Economics of Corporate Social Responsibility
Author: Abagail McWilliams
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2014
Genre: Social responsibility of business
ISBN: 9781783471430

In recent years, increasing numbers of articles and studies have emerged across the disciplines of economics, accounting, finance and management to examine the importance of considering both the private and social economic benefits of Corporate Social Responsibility (CSR). As stakeholders and their concerns have multiplied, and empirical evidence has accumulated, CSR has become a critical area of interest. This authoritative collection examines the five related and most significant elements of this subject - theoretical perspectives, firm financial performance, socially responsible investing, environmental performance and strategic CSR - to provide a comprehensive exploration of the literature on Corporate Social Responsibility and its economic consequences.