Firm ownership, management and its disposition towards CSR: Building a case for small and medium enterprise (SMES) Kar Brajaballav1,*, Associate Professor, Subudhi Rabi N.2, Professor (Quantitative Area) & PGP Chairperson 1School of Management, KIIT University, Bhubaneswar-751024, Odisha, India. 2School of Management, KIIT University, Bhubaneswar-751024, Odisha, India, Email: rabisubudhi@gmail.com *Corresponding author Email: brajkar@gmail.com.
Abstract Over the years, social inequities have proliferated, while the number of democracies in the world has gone up. Despite economic slow-down, corporate houses have strengthened their economic clout. They appear more powerful than some sovereign states. The “democratic principle of state” has not delivered the goods with equity or efficiency. There are arguments that inclusive planning as well as supra-country planning will possibly try to deliver the result. United Nations Organization (UNO) mediated “Millennium Development Goal” is an indicator in this process. Economically strong corporate houses have taken up corporate social responsibility (CSR) for reasons, ranging from altruism to enlightened self interest. They are trying to give back to the larger society beyond the stake holders group, or at least claiming to do so. In India CSR Guideline has been brought about in 2009. The corporate houses are hearing the clarion call, but the question remains that if they are doing enough in volition or with legal prodding. This research article takes data from various pubic sources and tries to analyze corporate actions in India in terms of CSR. It tries to segregate private sector and public sector data for a broad comparison, and indicate the gaps. Top Keywords Corporate Social Responsibility, CSR, PSU, Micro Small and Medium Enterprise, MSME. Top |