Corporates as socially responsible citizens: A study on the present status of socially responsible behavior of corporates in India and other nations

Abstract

Corporate social responsibility is an old concept that has recently gained momentum as the governments have started realizing the potential of corporates in uplifting the society. Even corporates are acknowledging the long term benefits bestowed by such efforts in bringing in goodwill and credibility in the market. This paper is an attempt to understand the status of corporate sector in being socially responsible in India and other nations and it utilizes a descriptive research design for this purpose. It was found that despite an improvement from the past, yet we are still a long way from benefitting and utilizing the true potential that such endeavors promise.