© 2016

Corporate Governance and Corporate Social Responsibility of Indian Companies


Part of the CSR, Sustainability, Ethics & Governance book series (CSEG)

Table of contents

About this book


The book explores the theoretical and empirical issues relating to the interaction between corporate governance and corporate social responsibility (CSR) activities undertaken by Indian companies. It presents a highly detailed view on the evolution of CSR and its nexus with corporate governance. This is particularly timely in the context of the recent Indian Companies Act 2013, which mandates corporate social responsibility and revises the best corporate-governance practices for large companies.
The findings of this study are unique in drawing from a unified framework of Indian corporate governance structure and corporate engagement in CSR. The book’s scope is both academic and practical; the research methodology developed and utilized is useful for researchers, while the implications and the selection of variables provide useful information for practitioners and stakeholders. Finally, although it focuses on large Indian companies, the findings can also be applied to research on other emerging economies.


Corporate Social Responsibility Corporate Governance Structural Equation Modeling Board of Directors Ownership Structure

Authors and affiliations

  1. 1.Behind Gov't Data Center, KottMadras School of EconomicsChennaiIndia
  2. 2.Madras School of EconomicsChennaiIndia

About the authors

Saumitra Bhaduri obtained a master’s degree in Econometrics from Calcutta University and a Ph.D. in Financial Economics from the Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. He is currently a professor at the Madras School of Economics (MSE), Chennai, India, and regularly offers courses in financial economics and econometrics, and advanced quantitative techniques. He previously worked at the financial services division of the General Electric (GE) company and has held a number of quantitative analyst positions in the various finance services of the company. He also founded and headed the GE–MSE Decision Sciences Laboratory, which is responsible for developing state-of-the-art research output for GE.  He has published several research articles in various international journals.
Ekta Selarka obtained a bachelor’s degree in Electrical Engineering from Bhilai Institute of Technology, Bhilai, India, and a Ph.D. in Economics from Indira Gandhi Institute of Development Research (IGIDR), Mumbai. She is currently a faculty at the Madras School of Economics (MSE), Chennai, where she offers courses in financial economics, derivatives, market microstructure and financial programming using SAS, VBA and Matlab. Prior to joining MSE she worked as a research economist at IGIDR and as a risk analyst with GE Capital. Her research interests include corporate governance, ownership structure, capital market development and corporate performance. She has published in international journals such as Journal of Corporate Finance, and Emerging Markets Trade and Finance. She has received prestigious research grants from Indian Council of Social Science and Research (ICSSR) and UK-India Education and Research Initiative (UKIERI) through collaborations with researchers in India as well as abroad.

Bibliographic information

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