Page 49 - 2019

Ph.D.
(Management)
CORPORATE SOCIAL DISCLOSURE PRACTICES: A STUDY
OF LISTED COMPANIES IN INDIA

Ph.D. Scholar : Bhatt Aashal Mitren
Research Supervisor : Dr. Amit A. Patel

Regi. No.: 14146031003
Abstract :
Background : In today’s worldwide economy, a fundamental constituent of corporate
tactics is CSR. Success and responsibility come with a package. The giant size of the
corporate houses has led to increase in expectations in addition to the urgent
requirement for regulations. The primary reason of CSR gaining so much of momentum
is the fact that intervention of corporate houses has increased in many walks of social life
and so they must the carry the onus of being responsible towards the environment and
society at large. Corporate social responsibility disclosure (CSRD) is reflected as the
commitment of a Company keeping in mind the welfare of various stakeholder groups in
a cost effective and justifiable manner.

Research Conducted : The study is based on the secondary data collection. Annual
reports of the company, Business Responsibility Reports (BRR), Corporate Social
Responsibility (CSR) Reports of the Company and information from the webpages of the
company were taken into consideration.

Researcher has taken 5 years data (2012-2017) for the purpose of doing content analysis
of top 100 companies listed as per market capitalization as per BSE and NSE. Codes
were given to 96 items divided into 7 CSRD practices like CD, HR, EN, EG, ECHG, PSSI and
OT. Further, CSRD scores were calculated from the same information and an Overall
CSRD was also measured keeping in mind various CSRD practices. Regression analysis
was done to test the impact of CSRD practices on the financial performance of the
companies measured in terms of RONW, ROA and Tobin’s Q of the company. One-way
ANOVA was applied to check the sectorial influence of the CSRD practices.

Findings : In a nutshell it can be explained that be it any CSRD practice, corporate
characteristics like age and size have a major influence on various disclosure practices
followed by the companies. Also the researcher has tried to incorporate all the various
areas as mentioned in the guidelines issued by Government.

Also, it is noteworthy, that even though the company follows various practices towards
disclosure, it does not create a major impact on the financial performance of the
companies. The sectorial influence is also quite evident and clarifies the areas in which

30