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The Impact of Corporate Social Responsibility on Sustainable Development

81 Pages Posted: 23 Apr 2014  

Leela Kumar

Independent

Date Written: April 17, 2014

Abstract

This research paper provides a theoretical investigation of the hypothesis that Corporate Social Responsibility (CSR) spending is an ideal lever for development therefore making it mandatory is effective on sustainable development. CSR has become a popular & important activity to the corporate world internationally & nationally. Many companies have recognized & experienced the benefits of CSR. In the wake of several scandals & mishaps in India, progressive companies have been adopting CSR as their policy to gain competitive advantage, profit & high performance. This paper makes an attempt to first understand what the concept of CSR and further to analyze the present laws and guidelines relating to CSR and its impact on sustainable development.

Keywords: CSR, SD

Suggested Citation

Kumar, Leela, The Impact of Corporate Social Responsibility on Sustainable Development (April 17, 2014). Available at SSRN: https://ssrn.com/abstract=2426049 or http://dx.doi.org/10.2139/ssrn.2426049

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