Corporate social responsibility in India - An Effort to bridge the welfare gap

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dc.contributor.author Sarkar, Jayati
dc.contributor.author Sarkar, Subrata
dc.date.accessioned 2015-12-04T10:23:07Z
dc.date.available 2015-12-04T10:23:07Z
dc.date.issued 2015-08
dc.identifier.uri http://hdl.handle.net/2275/371
dc.description.abstract Drawing on existing theoretical and empirical literature on the rationale behind Corporate Social Responsibility (CSR), this paper analyses the potential implications of mandated CSR under the recently enacted Companies Act, 2013 in India on firm incentives, likely responses of corporates that come under the ambit of the law, implications for resource availability and delivery of social goods, and the prospects and challenges of implementing mandated CSR. Insights into these issues are drawn by empirically examining the voluntary CSR behavior of a sample of 500 large companies listed on the Bombay Stock Exchange for the period 2003-2011 that predates the new regulation. The paper argues that notwithstanding the potential economic costs that may accompany mandated CSR, the provisions of the new Act are designed thoughtfully to balance the objectives of the corporation and its shareholders on the one hand and that of the society and its stakeholders on the other. However, addressing the challenges of implementation successfully would determine how far the objectives of the new regulations are met. en_US
dc.language.iso en en_US
dc.relation.ispartofseries WP;WP-2015-023
dc.subject Corporate social responsibility en_US
dc.subject firm incentives en_US
dc.subject social welfare en_US
dc.subject efficiency en_US
dc.subject regulation en_US
dc.subject enforecment en_US
dc.title Corporate social responsibility in India - An Effort to bridge the welfare gap en_US
dc.type Working Paper en_US

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