PERCEPTIONS OF STAKEHOLDERS’ REGARDING LOCATION OF CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE IN INDIA

A corporate is regarded as a social unit which conducts its activities within the society; therefore, it is alleged that corporate should fulfill its responsibilities towards society. Modern management approach has held that transparent economic and social progress should go hand in hand which led to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better understanding on social activities of a business towards various stakeholders like employees, investors, consumers, government, suppliers, shareholders and the whole community which helps an entity to make cordial relationship with its stakeholders. Despite of increasing attention towards CSR in developed countries, the development of CSRD is very slow especially in the developing countries like India. There has been very diminutive work which has analyzed the perceptions of Indian stakeholders relating to social and environmental impacts. Thus, this paper aims at exploring the views and perceptions of different stakeholders relating to location of CSRD. The nature of study was empirical and source of data was primarily questionnaire. Based on the research outcomes, some recommendations are suggested in relation to corporate social reporting and disclosure practices in general and within Indian context in particular for future development of CSRD in developing economies like India.