Csr Practices in Indian Banking
Nishi Sharma - (IJAEBM) INTERNATIONAL JOURNAL OF ADVANCED ECONOMICS AND BUSINESS MANAGEMENT Vol No. 1, Issue No. 2, 058 - 066
CSR Practices and CSR Reporting in Indian Banking Sector
NISHI SHARMA*
University Institute of Applied Management Sciences Panjab University, Chandigarh-160014, India
IJ
Corresponding author: Email id: jmdnishi@yahoo.com Phone : +911722727251
ISSN: 2230-7826 @ 2011 http://www.ijaebm.iserp.org. All rights Reserved. Page 58
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Nishi Sharma - (IJAEBM) INTERNATIONAL JOURNAL OF ADVANCED ECONOMICS AND BUSINESS MANAGEMENT Vol No. 1, Issue No. 2, 058 - 066
CSR Practices and CSR Reporting in Indian Banking Sector
Abstract- In recent years Corporate Social
Responsibility (CSR) has witnessed an astounding ascendancy and resurgence at the global level. The concept of CSR recognizes an organisation‟s commitment to operate in a socially responsible manner. It takes into consideration the social and environmental implications of corporate financial decisions. Growing complexity of business, increasing concern for sustainable development, need for stewardship of natural resources and call for enhanced transparency have not only magnified the resonance of Corporate Social Responsibility but also heightened the inclination towards integration of CSR principles in the corporate activities. In this regards, actions taken by corporate houses and regulatory authorities operating in developed nations are quite satisfactory. However in developing nations the scenario of CSR activities is not so rosy. Particularly in financial sector there is an absence of stringent provisions regarding compliance and reporting of CSR activities. This has further instigated organisations to remain silent to the issue till any mandatory provision is being enacted. In addition to this the academic publication on this fiery issue also reflects the Western centric nature of research work. In fact there is an availability of very limited research work in the context of
CSR Practices and CSR Reporting in Indian Banking Sector
NISHI SHARMA*
University Institute of Applied Management Sciences Panjab University, Chandigarh-160014, India
IJ
Corresponding author: Email id: jmdnishi@yahoo.com Phone : +911722727251
ISSN: 2230-7826 @ 2011 http://www.ijaebm.iserp.org. All rights Reserved. Page 58
A
EB
M
Nishi Sharma - (IJAEBM) INTERNATIONAL JOURNAL OF ADVANCED ECONOMICS AND BUSINESS MANAGEMENT Vol No. 1, Issue No. 2, 058 - 066
CSR Practices and CSR Reporting in Indian Banking Sector
Abstract- In recent years Corporate Social
Responsibility (CSR) has witnessed an astounding ascendancy and resurgence at the global level. The concept of CSR recognizes an organisation‟s commitment to operate in a socially responsible manner. It takes into consideration the social and environmental implications of corporate financial decisions. Growing complexity of business, increasing concern for sustainable development, need for stewardship of natural resources and call for enhanced transparency have not only magnified the resonance of Corporate Social Responsibility but also heightened the inclination towards integration of CSR principles in the corporate activities. In this regards, actions taken by corporate houses and regulatory authorities operating in developed nations are quite satisfactory. However in developing nations the scenario of CSR activities is not so rosy. Particularly in financial sector there is an absence of stringent provisions regarding compliance and reporting of CSR activities. This has further instigated organisations to remain silent to the issue till any mandatory provision is being enacted. In addition to this the academic publication on this fiery issue also reflects the Western centric nature of research work. In fact there is an availability of very limited research work in the context of
References: 1. A. Belal, A Study of Corporate Social Disclosures in Bangladesh, Managerial Auditing Journal 15(5), pp.274–289, 2001. revisited", Academy of management review, Vol.16 No. 4, pp.691-718, 1991. Nishi Sharma - (IJAEBM) INTERNATIONAL JOURNAL OF ADVANCED ECONOMICS AND BUSINESS MANAGEMENT Vol No. 1, Issue No. 2, 058 - 066 Stockholm, 2004 23. R. W. Perks, Accounting & Society. London: Chapman & Hall, 1993. 24. J. Bebbington, C. Larrinaga-Gonza ́lez, and J.