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Corporate Social Responsibility Disclosure

   

Added on  2020-03-16

9 Pages2120 Words42 Views
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FINANCE ACCOUNTINGTHEORY
Corporate Social Responsibility Disclosure_1

CSRIntroductionNowadays public and citizens have enhanced demand and awareness for more information and have depicted an increasing interest in the social framework of business activities. Therefore, with the enhancement of awareness among the citizens, all companies have reacted to the demand of their stakeholders by involving in CSR activities and by going beyond their traditional affairs of concentrating on income and generating value for their shareholders. Further, in India, CSR is perceived as a philanthropic affair that tends to concentrate on what is done with the income after they are made. Overall, much CSR practice in India is a relevant component of responsible business or sustainability as a whole. The CSR practices even support the theory of legitimacy meaning that the actions of the entity are desirable and as per the norms with well established values and beliefs.2
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CSRFindingsThe study mainly focuses on the concept of corporate social reporting. The paper attempts to highlight the difference between public sector and private sector companies. The main determinants of the corporate reporting are adequately highlighted. A close understanding on the CSR elements is vividly discussed and the CSR initiatives are discussed in the report. The report gave a correct explanation of the CSR activities and helps in benefiting the society at large.3
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