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Title: An Analysis on the Mandatory Emphasis on CSR by Governments: How Far is this a Viable Solution in Achieving Macroeconomic Goals? is there a Conflict with Business Ethics?
Authors: Shaurya Garg
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Shaurya Garg The Doon School
MLA 8 Garg, Shaurya. "An Analysis on the Mandatory Emphasis on CSR by Governments: How Far is this a Viable Solution in Achieving Macroeconomic Goals? is there a Conflict with Business Ethics?" Int. j. of Social Science and Economic Research, vol. 9, no. 9, Sept. 2024, pp. 3626-3639, doi.org/10.46609/IJSSER.2024.v09i09.028. Accessed Sept. 2024. APA 6 Garg, S. (2024, September). An Analysis on the Mandatory Emphasis on CSR by Governments: How Far is this a Viable Solution in Achieving Macroeconomic Goals? is there a Conflict with Business Ethics? Int. j. of Social Science and Economic Research, 9(9), 3626-3639. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i09.028 Chicago Garg, Shaurya. "An Analysis on the Mandatory Emphasis on CSR by Governments: How Far is this a Viable Solution in Achieving Macroeconomic Goals? is there a Conflict with Business Ethics?" Int. j. of Social Science and Economic Research 9, no. 9 (September 2024), 3626-3639. Accessed September, 2024. https://doi.org/10.46609/IJSSER.2024.v09i09.028.
References [1] . Abdelhak, T. (2024). Evaluating Corporate Social Responsibility in Achieving Sustainable Development and Social Welfare. BRICS Journal of Economics. [2] . Awa, H. (2024). Stakeholders, stakeholder theory and Corporate Social Responsibility (CSR) Authors:Hart O. Awa, Willie Etim and Enyinda Ogbonda Content type:Original Article 18 June 2024. Springer. [3] . Coelho, R. (2023). The impact of social responsibility on corporate financial performance: A systematic literature review. Wiley. [4] . Karthikeyan, A. (2024). Investigating the potential domino effect of a dazzling fiscal-period on CSR performance: a luxury brand scenario Authors:Abhinav Karthikeyan Ravichandran and Rashmi Singh Content type:Original Article 8 August 2024. Springer. [5] . Mohr, L. A., Webb, D. J., & Harris, K. E. (2001). Do Consumers Expect Companies to be Socially Responsible? The Impact of Corporate Social Responsibility on Buying Behavior. Journal of Consumer Affairs, 35(1), 45–72. [6] . Nasrullah, N. (2011). Transnational Corporations Review Volume 3, Issue 3 , September 2011, Pages 96-105 Transnational Corporations Review Business and Sustainable Development: The Role of CSR as a Catalyst. Science Direct. [7] . Tai, T. (2022). Impact of corporate social responsibility on social and economic sustainability. Taylor & Francis. [8] . Visser, W. (2009). Corporate social responsibility in developing countries. ResearchGate.
ABSTRACT: This study investigates the prominence of Corporate Social Responsibility (CSR) as a suitable solution to achieve various macroeconomic goals and identifies its impact on firms and their activities. CSR describes a firm’s commitment to conduct its activities ethically and establish a requirement to benefit society. CSR typically keeps businesses from creating any negative externalities, which are a big problem for society. This issue has made corporate social responsibility (CSR) a greater priority for businesses of high stature. In order to analyse and comprehend the economic impact of CSR, this research paper uses a qualitative research approach. It also synthesises CSR data from significant Indian companies in order to determine the significance of CSR and make conclusions from it. Thorough analysis and interpretation suggest that although CSR may not lead to immediate gains, it allows long- term economic enhancement and societal improvements like poverty reduction.

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