CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY : A STUDY OF POSSIBLE INTERRELATIONSHIP IN INDIAN COMPANIES

Authors

  • CS Pallavi Biyani Assistant Professor, Taxila Business School, Jaipur, Rajasthan

Keywords:

Corporate Governance, Corporate social Responsibility, Companies, Interrelationship, Shareholders, Philosophies

Abstract

The paper attempts to discover the interrelationships between Corporate Governance and Corporate Social Responsibility (CG and CSR) through different aspects in Indian Companies. The reason behind the attempt is to analyze how the companies have postulated CG and CSR in their philosophies. Is there any difference between the outlooks of companies toward CG and CSR? How did the companies in their philosophy statements address the issues and dimensions of CG and CSR? The paper tries to explore various propositions on the relationship between CG and CSR through content analysis. The data for content analysis is obtained from annual reports of Nifty 50 companies. The reports are scanned for CG and CSR philosophy statements of companies with respect to marking the presence of a word, a sentence, a statement, a phrase or an idiom complementing any of the dimensions of CG and CSR identified for coding. A huge overlap between CG and CSR is found that demonstrated a two-way relationship significantly impacting each other. The study urges to see both the aspects as complementary to each other in the best interests of the company, stakeholder, and nation as a whole. The study gives an overview of the philosophies of companies representing the economic barometer of the country in terms of governance and social responsibility that can be useful for assessing the strengths of CG and CSR interrelationship in Indian companies. It samples the philosophies of companies with respect to both the aspects of CG and CSR.

References

Kabir R and Thai H M (2017), “Does Corporate Governance Shape the Relationship Between Corporate Social Responsibility and Financial Performance?”, Pacific Accounting Review, Vol. 29, No. 2, pp. 227-258.

Prasad B D (2008), Content Analysis, Research Methods for Social Work, Vol. 5.

Rahim M M (2013), “Corporate Social Responsibility, Corporate Governance and Corporate Regulation”, Legal Regulation of Corporate Social Responsibility, pp. 13-46, Springer Berlin, Heidelberg.

https://www.moneyworks4me.com/best-index/nse-stocks/top-nifty50-companies-list

Jain T and Jamali D (2016), “Looking Inside the Black Box: The Effect of Corporate Governance on Corporate Social Responsibility”, Corporate Governance: An International Review, Vol. 24, No. 3, pp. 253-273.

Haldar P K and Mishra L (2015), “The Changing Facets of Corporate Governance and Corporate Social Responsibilities in India and their Interrelationship”, Vol. 7, No. 3, pp. 6-16.

Ahmed A (2015), “Exploring the Corporate Governance in Lloyd’s and the Co-operative Bank: the Role of the Board”, Journal of Business and Management Sciences, Vol. 3, No. 1, pp. 6-9, available at http://doi.org/10.12691/jbms-3-1-2

Carroll A B (1979), “A Three-Dimensional Conceptual Model of Corporate Social Performance”, Academy of Management Review, Vol. 4, No. 4, pp. 497-505.

Additional Files

Published

15-05-2019

How to Cite

CS Pallavi Biyani. (2019). CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY : A STUDY OF POSSIBLE INTERRELATIONSHIP IN INDIAN COMPANIES. International Education and Research Journal (IERJ), 5(5). Retrieved from https://ierj.in/journal/index.php/ierj/article/view/1787