Analysis of mandatory CSR expenditure in India: a survey

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Journal Article
International Journal of Corporate Governance, 2016, 7 (1), pp. 32 - 59
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In this study of Indian corporations, we investigate the drivers and barriers of corporate social responsibility (CSR) expenditure, determine the attitude of corporates towards CSR activities and the impact of making CSR spending mandatory. We surveyed 223 corporations and found that the attitudes of companies to CSR spending largely vary with age, size and type of ownership. The making of CSR spending mandatory for large corporations did not elicit the forecasted increase in the level of spending because it was avoided by many corporations for whom it became mandatory and a large number for whom it is not mandatory, reduced their level of expenditure. The Indian Government has already had to amend the legislation to more precisely specify the direction of the expenditure and may have to further amend it to encourage increased spending on CSR activities
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