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Corporate Social Responsibility Around the World—An Overview of Theoretical Framework, and Evolution

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Corporate Governance and Corporate Social Responsibility of Indian Companies

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

Abstract

The objective of this chapter is to highlight the evolution of the concept of the corporate social responsibility around the world. Specifically, we focus on theoretical framework underpinning the corporate social responsibility. We also review various definitions highlighting some of the most widely used definitions which are exhaustive in nature. We conclude the chapter by providing a summary of various surveys conducted across the world by various agencies to understand the nature of CSR spending from differing perspectives of employees, consumers and management.

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Notes

  1. 1.

    For details see Freeman and Velamuri (2005) Annexure I and II.

  2. 2.

    Other works based on integrated theories ranges from Sethi (1975), Ackerman (1973), Jones (1980), Vogel (2005) , Wartick and Mahon (1994). Preston and Post (1975, 1981) describe law and the existing public policy process as a reference for social performance. Wartick and Cochran (1985), Wood (1991) and Swanson (1995) propose role of social issues into assessment of corporate social performance. More recently the act of balancing the interests of the stakeholders of the firm as integrative theories as described by Mitchell et al. (1997), Agle et al. (1999), Rowley (1997).

  3. 3.

    For example, Griffin and Mahon (1997) examined the relationship between corporate social performance and financial performance.

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Authors and Affiliations

  1. Madras School of Economics, Chennai, Tamil Nadu, India

    Saumitra N. Bhaduri & Ekta Selarka

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  1. Saumitra N. Bhaduri
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  2. Ekta Selarka
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Correspondence to Saumitra N. Bhaduri .

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Bhaduri, S.N., Selarka, E. (2016). Corporate Social Responsibility Around the World—An Overview of Theoretical Framework, and Evolution. In: Corporate Governance and Corporate Social Responsibility of Indian Companies. CSR, Sustainability, Ethics & Governance. Springer, Singapore. https://doi.org/10.1007/978-981-10-0925-9_2

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