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Bhatia, Shilki
- Corporate Social Responsibility Disclosure and Corporate Financial Performance in Automotive Sector:A Study of Select Companies
Authors
1 Ramjas College, University of Delhi, IN
2 Delhi Institute of Advanced Studies, Affiliated to GGSIP University, Delhi, IN
Source
ANVESHAK-International Journal of Management, Vol 5, No 1 (2016), Pagination: 85-101Abstract
The upsurge of the corporations has shaped and continues to produce many social problems. A corporate cannot afford to ignore the problems of the environment in which it functions. The organizations are expected to act conscientiously and assume responsibility for addressing these problems. It is no longer an easy task to be sustainable, i.e., meet the needs of the present generation without compromising the ability of the next generations to meet their own needs. Therefore, the organizations are now being called upon to take responsibility for the ways their operations impact societies and the natural environment. Corporate social responsibility disclosures are still not an obligation in most of the countries but the concept has evolved in scope from purely financial accounting and reporting in the past to sustainability reporting today, incorporating reporting on economic, environmental and social issues. The literature scripts that the most studied aspect of Corporate Social Responsibility (CSR) has been its link to Corporate Financial Performance (CFP). A considerable amount of studies, theoretical insights and empirical findings have focused on understanding the relationship.
The present research conducts a study to understand the relation between the corporate social responsibility disclosure (economic, environmental and social) of companies with the corporate financial performance (return on equity, return on assets, profit after tax and debt on equity). The automotive companies listed in SENSEX constitute the sample and to examine the corporate social responsibility disclosure level, the reports of companies published in the five years commencing from 2009-10 to 2013-14 were considered. The findings of this research suggested no relationship between the CSR disclosure and debt on equity and the CSR disclosure (economic information) and profit after tax. However, a positive relationship between CFP variables (return on assets and return on equity) and CSR disclosure exists. The positive relationship between profit after tax and CSR disclosure (environmental and social information) of the companies is also highlighted in the study.
Keywords
Global Reporting Initiative G-3, National Voluntary Guidelines, CSR Disclosure Index, ROA, ROE, D/E Ratio, Profit after Tax, EPS.
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- A Comparison of CSR Disclosure Guidelines and a Self-Prepared CSR Disclosure Index- A Study of Select Automotive Companies
Authors
1 Ramjas College, University of Delhi, New Delhi, IN
2 Delhi Institute of Advanced Studies, New Delhi, IN
Source
International Journal of Business Ethics in Developing Economies, Vol 4, No 2 (2015), Pagination: 32-38Abstract
In India, corporate social responsibility and its disclosure got attention during the eighties and have been gaining importance with time in present economic environment, especially after adoption of liberalisation, privatisation, and globalisation (LPG) (Goswami, 2011). Guidelines, principles, and codes are being developed by various regulatory bodies in India and across the globe to increase transparency and accountability about both a company's daily operations and the impact of these operations on society (Tran, 2014)In this paper, the author has studied the CSR guidelines laid down by Global Reporting Initiative G3.1 (GRI-G-3) and The National Voluntary Guidelines by Ministry of Corporate Affairs (NVG-MCA) and has compared them with a self-composed CSR Disclosure Index (CSRDI). The social responsibility initiatives taken by select Indian Automotive Companies have been analysed and the companies have been rated as per the disclosures made by them.
The main focus of the research is to compare the CSR Rankings of companies as per CSRDI with the companies' rankings as per GRI-G-3 and NVG-MCA. It was observed that out of 30 sensex companies, Maruti Suzuki and TATA Motors have been the pioneers in contribution towards CSR initiatives. The top five rated companies were TATA Motors, Maruti Suzuki, Mahindra and Mahindra, Hero Motocorp, Bajaj Auto, and Apollo Tyres.
Keywords
Global Reporting Initiative, National Voluntary Guidelines, CSR Disclosure, Triple Bottom Line.- Workplace Spirituality: An Employer-Employee Perspective
Authors
1 Department of Management, Delhi Institute of Advanced Studies, Rohini, Delhi, IN
2 Delhi Institute of Advanced Studies, Rohini, Delhi, IN
Source
International Journal of Innovative Research and Development, Vol 6, No 1 (2017), Pagination: 106-111Abstract
A paradigm shift in the culture of the organization is seen all around the globe. Most of the organizations are hit by downsizing, reengineering, layoffs, competition and structural changes. The Hire & Fire policy of the private players is a new mantra that is unfurling in the industry resulting in a workforce that seeks something beyond the 9 to 5 work environment. Monetary incentives no longer attract the employees, they look for something beyond the pay checks. Workplace spirituality is the contemporary issue that is emerging in modern world organizations. Organizations are nurturing spiritual practices into their culture that is resulting in a committed workforce finding meaning in their work. The present paper outlines the concept of spirituality in the workplace and the growing interest of scholars, employees and organizations in this field. It helps understand the effects of spirituality in organization from the perspectives of employer and employee. At the employer level, workplace spirituality holds out potential to improve organization earning, performance& commitment. At the employee level, it gives employees a sense of identity, gives them capacity to care and tolerate and nurtures innovation and creativity. This paper also looks at how some companies in India are incorporating spirituality in the workplace.
Keywords
Spiritualty, Committed Workforce, Practices, Contemporary Issue.Full Text
- Employees’ Perception and Workforce Diversity:A Study of the Banking Sector in India
Authors
1 Delhi Institute of Advanced Studies, GGSIP University, Delhi, IN
Source
Research Journal of Humanities and Social Sciences, Vol 10, No 2 (2019), Pagination: 279-285Abstract
In the contemporary era, diversity management is perceived as an imperative factor for success. Managing Diversity is critical to utilize and hone skills of individuals efficiently and effectively. Excellence of any business absolutely and at times relatively depends on how creatively the diversity in workforce handled by the organization. Perceptions of employees hold a major significance in understanding diversity in organsiations. An attempt in the current study has been made to take an insight into employee perceptions around workforce diversity in the Banking Sector in India. These perceptions were assessed by serving a Questionnaire on Workplace Diversity to various bankers to determine the statistically significant differences in employee perceptions based on demographic variables (age, gender, and ethnicity and education qualifications) and workforce diversity. A descriptive study was conducted and the survey was served to a sample of 99 voluntary participants from the banking sector from the public, the private, cooperative as well as specialized banks. Factor analysis was conducted to find the factors, T-test and ANOVA were applied in order to find the perspective of employees towards workforce diversity in the sector under study. The finding suggests that there exists no statistically significant difference towards perspectives of workforce diversity in age, gender, education qualification, experience and ethnicity in the banking sector.Keywords
Ethnicity, Diversity, Values and Attitudes.References
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