Corporate Social Responsibility in Public Sector Enterprises in India
Abstract :
Corporate Social Responsibility (CSR)
has gained considerable interest among academicians and business organizations
in the past decade. Corporate social responsibility has become an inevitable
priority for business leaders across the globe in recent times. More and more
Indian business organizations embrace the practice of CSR under different names
such as corporate sustainability, social responsibility, and corporate
citizenship.CSR is concerned with treating the internal and external
stakeholders of the firm ethically or in a socially responsible manner and the
wider aim of corporate social responsibility is to create higher and higher
standards of living, while preserving the profitability of the corporation, for
its stakeholders (Hopkins 2003).
The aim of this paper is to describethe
existing practices of corporate social responsibility in Public Sector Enterprisesin
India.We have taken 5Maharatna and 3Navratna companies as part of our study. This
entails descriptive type of research which gives a number of theoretical
propositions that can be servedas the basis for future research on the related
topics.
Key words- Corporate
Social Responsibility, Corporate Citizenship, Stakeholder, Public Sector Enterprises