(18.117.152.26)
Users online: 10670     
Ijournet
Email id
 

International Journal of Engineering and Management Research (IJEMR)
Year : 2017, Volume : 7, Issue : 4
First page : ( 216) Last page : ( 223)
Print ISSN : 2394-6962. Online ISSN : 2250-0758.

Corporate Social Responsibility Performance of Select Manufacturing Companies in India: An Empirical Study

Sawant Pravin D.1, Dr. Patil M.R.2

1Associate Professor, Narayan Zantye College of Commerce, Bicholim-Goa, India

2Principal, Vidhyaprabhodini College of Commerce and Management-Porvorim, Goa, India

Online published on 31 October, 2017.

Abstract

Corporate Social Responsibilities an overall contribution of business to sustainable development. Many companies have taken Social responsibility seriously in the recent years because they realized the importance of the community in general and the society in particular. Companies were spending towards CSR Activities because they owe towards society. But now the Companies Act 2013 has made it obligatory to do some activities towards welfare of the society. Provided it fulfills some condition of Net Profit, Net Worth and Turnover. Companies tried to bridge the gap between the privileged and the underprivileged of society. This study attempted to assess the performance of Manufacturing Companies towards CSR and to know whether companies are spending towards CSR as per the Standard Requirements of the companies Act 2013. Industries such as cement, iron and steel and mining have been relatively close to 2.0% CSR expenditure after the year 2010–11 compared to the other industries. It is also evident that the industries such as Pharma, Auto, Oil and Gas, FMCG and Chemical have been far away from the 2.0% CSR expenditure throughout the study duration i.e. 2005 to 2015 compared to the other industries.

Top

Keywords

Corporate Social responsibility, Manufacturing Companies, Companies Act 2013.

Top

  
║ Site map ║ Privacy Policy ║ Copyright ║ Terms & Conditions ║ Page Rank Tool
750,439,531 visitor(s) since 30th May, 2005.
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.