The Effect of Size of the Company on CSR Practices

ICCMCT-2018 | Special Issue | September 2018 | Published Online: 29 September 2018    PDF ( 212 KB )
Author(s)
Sebastian Berly 1; Mathew Tomy (Dr) 2

1Assistant Professor, Department of Commerce, K.G. College, Mahatma Gandhi University, Pampady, Kottayam, Kerala (India)

2Associate Professor, Department of Commerce, CMS College, Mahatma Gandhi University, Kottayam, Kerala (India)

Abstract

Corporate Social Responsibility (CSR) is the responsibility of corporates for their impact on society. The Companies Act, 2013 mandated companies to spend 2% of their profits on CSR activities. CSR activities are influenced by several factors like size of company, type of industry and nature of ownership among other things. The present study is conducted to analyse the effect of size of the company on CSR practices. Data of 36 companies for three years from 2014-15 to 2017-18 are collected from the annual reports. The analysis is made with SPSS and hypotheses are tested by using one-way ANOVA and chi-square. The study found that the size of the company has no impact on the amount of CSR spending, implementation strategy or type of CSR activities. The study also found that CSR spending has increased over the years, though all the companies are not fully complying.

Keywords
Corporate social responsibility, size of the company, CSR activities, CSR spending, CSR implementation
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