The corporate scandals and scams challenging the protection of interests of stakeholder groups have highlighted the significance of the Corporate Social Responsibility (CSR) all the more and the study of the concept has become of utmost prominence for the corporate worldwide. The present study seeks to develop and validate a construct of Corporate Social Responsibility initiatives in automotive sector in India through a sample of 152 middle and high level managers of the sample automotive companies on a 5-point Likert Scale. Exploratory factor analysis was then applied to develop the measurement tool for identifying dimensions of measuring CSR. A total of 36 dimensions selected on the basis of literature were reduced to 30 indicator variables and three latent variables: Social, Environmental and Financial which were subject to CFA with AMOS22
Measurement of dimensions of csr initiatives in automotive sector in india
72 Views
101 Downloads
Published 2017-03-30
Pages 32-39
Abstract
Keywords
Corporate Social responsibility
Social dimensions
Environmental dimensions
Financial dimensions
References
- Anderson J. C. and Gerbing D. W. (1988) Structural Equation Modeling in Practice: A Review and Recommended Two-step Approach, Psychological Bulletin, 103(3), 411–423.
- Bala Madhu and Singh Narender (2014) Empirical Study of the Components of CSR Practices in India: A Comparison of Private, Multinational and Public Sector Companies, Pacific Business Review International, Volume 7, Issue 1, July 2014.
- Berad Nilesh R. (2011) Corporate Social Responsibility – Issues and Challenges in India, International Conference on Technology and Business Management.
- Beurden and Gössling (2008) International Journal of Economic Practices and Theories, 3(1), 2247–7221.
- Bowen H. (1953) Social Responsibility of the Businessman, Harper and Row: New York.
- Brammer S., Millington A., and Rayton B. (2007) The Contribution of Corporate Social Responsibility to Organisational Commitment, International Journal of Human Resource Management, 18(10), 1701–1719.
- Carroll A. (1998) The Four Faces of Corporate Citizenship, Business and Society Review, 100(1), 1–7.
- Cormier D. and Gordon I. (2001) An Examination of Social and Environmental Reporting Strategies, Accounting Auditing and Accountability Journal, 14, 587–616.
- Cowe R. and Williams S. (2000) Who Are the Ethical Consumers?, The Co-Operative Bank.
- Crowther D. and Rayman-Bacchus L. (2004) Perspectives on Corporate Social Responsibility, Perspectives on Corporate Social Responsibility, 1–17.
- Davis K. (1967) Understanding the Social Responsibility Puzzle: What Does the Businessman Owe to Society, Business Horizons, 10, 45–50.
- Davis K. (1973) Social Responsibility is Inevitable, California Management Review, 14(1), 14–20.
- Douglas A., Doris J., and Johnson B. (2004) Corporate Social Reporting in Irish Financial Institutions, The TQM Magazine, 16(6), 387–395.
- Ehlert Christina (2010) Corporate Social Responsibility: Concept and Current Overview in Automotive Industry Within Europe America and Asia, Seminar Internationals' Management.
- Esra Nemli Caliskan and Yusuf Ayturk (2011) Corporate Reputation and Financial Performance: Evidence From Turkey, Research Journal of International Studies, 18, 24–31.
- Evans W. and Davis W. (2008) An Examination Of Perceived Corporate Citizenship Job Application Attraction and CSR Work Role Definition, Business and Society, 47(1), 1–25.
- Ghosh Sumona (2015) Is Corporate Social Responsibility in India Still in a Confused State? Global Business Review, 16(1), 151–181.
- Ghosh Anupam and Chakraborti Chhanda (2010) Corporate Social Responsibility: A Developmental Tool for India, The IUP Journal of Corporate Governance, 9(4), 45.
- Ghelli Caterina (2013) Corporate Social Responsibility and Financial Performance: An Empirical Evidence, PhD Thesis, Copenhagen Business School.
- Guha (2011) Corporate Social Responsibility Rating: India Focus, The IUP Journal of Management Research, 10(3), 251–268.
- Ihlen O. (2008) Mapping the Environment for Corporate Social Responsibility, Corporate Communications: An International Journal, 13(2), 135–146.
- Khurana N. (2011) Strategic Corporate Social Responsibility: Challenging Sustainable Actions in India.
- L’Etang J. (1994) Public Relations and Corporate Social Responsibility, Journal of Business Ethics, 13(2), 111–123.
- Malati N. and Ruchika (2014) Confirmatory Factor Analysis of Faculty Retention in Technical Institutions, DIAS Technology Review, 11(2).
- McVea J. F. and Freeman R. E. (2005) A Names-And-Faces Approach to Stakeholder Management, Journal of Management Enquiry, 14(1), 57–69.
- Morhardt J. E. (2002) Scoring Corporate Environmental and Sustainability Reports, Corporate Social Responsibility and Environmental Management, 9, 215–233.
- Murthy Vijaya (2008) Corporate Social Disclosure Practices of Top Software Firms in India, Global Business Review, 9(2), 173–188.
- Rana and Majumdar (2015) CSR: What the Automotive Industry Should Really Focus on, Economic Times.
- Riordan C. M., Gatewood R. D., and Bill J. B. (1997) Corporate Image, Journal of Business Ethics, 16(4), 401–412.
- Saeed (2009) Corporate Social Performance Of Indian FMCG Companies, Issues in Social and Environmental Accounting, 3(2), 180–201.
- Sharma Seema (2011) Corporate Social Responsibility In India, The Indian Journal of Industrial Relations, 46(4), 25–45.
- Sharma Suparn, Sharma Joity and Devi Arti (2009) Corporate Social Responsibility: The Key Role of Human Resource Management, Business Intelligence Journal, 2(1), 85–102.
- Sweeney L. (2009) A Study of Current Practice of CSR and Relationship with Financial Performance using SEM, PhD Thesis, Dublin Institute of Technology.
- Valmohammadi Changiz (2014) Impact of CSR Practices on Organizational Performance, Social Responsibility Journal, 10(3), 23–35.
- Verma Shweta (2011) Why Indian Companies Indulge In CSR?, Journal of Management and Public Policy, 2(2), 29–44.
- Verma Sanjeev and Chauhan Rohit (2007) Role Of CSR In Developing Economies, International Marketing Conference on Marketing and Society.
- Wagner M. (2009) Innovation and Competitive Advantages, Business Strategy and the Environment, 18, 291–306.
- Wood D. (1991) Corporate Social Performance, Academy of Management Review, 16(5), 691–718.
- Wood D. J. (2010) Measuring Corporate Social Performance, International Journal of Management Reviews, 12(1), 50–84.
- Yoonjae (2011) Corporate Social Responsibility in a Global Business System, State University of Buffalo, 134 pages.
- Zaborek Piotr (2014) CSR and Financial Performance, International Journal of Management and Economics, 43, 53–73.
- http://www.csrtimes.com/community-articles/Corporate-Social-Responsibility-in-india-an-introduction/262
- http://www.csrwire.com/blog/posts/1145-automotive-industry-in-india-the-need-for-a-strategic-focus-on-csr
- http://www.csrwire.com/blog/posts/1145-automotive-industry-in-india-the-need-for-a-strategic-focus-on-csr
- Global CSR Summit 2013: An Agenda For Inclusive Growth — Report by PHD Chamber of Commerce.
✓ Citation copied to clipboard
