The Emergence of New Corporate Social Responsibility Regimes in China and India

UC Davis Business Law Journal, Vol. 14, p. 175 (2014)

UC Davis Legal Studies Research Paper No. 386

57 Pages Posted: 27 Jul 2014 Last revised: 18 Aug 2014

See all articles by Afra Afsharipour

Afra Afsharipour

University of California, Davis - School of Law

Shruti Rana

Indiana University Bloomington - School of Global and International Studies; Affiliated Faculty, Indiana University Maurer School of Law, Stewart Center on the Global Legal Profession

Date Written: July 25, 2014

Abstract

In an era of financial crises, widening income disparities, and environmental and other calamities linked to corporations, calls for greater corporate social responsibility (“CSR”) are increasing rapidly around the world. Though CSR efforts have generally been viewed as voluntary actions undertaken by corporations, a new CSR model is emerging in China and India. In a marked departure from CSR as it is known in the United States and as it has been developing through global norms, China and India are moving towards mandatory, not voluntary, CSR regimes. They are doing so not only in a time of great global economic change, but at a time when both countries are themselves undergoing massive economic and social changes as they re-orient towards more market-based economies and seek to enter the ranks of global economic superpowers.

This Article conducts a comparative analysis of the emerging CSR regimes in China and India and highlights key characteristics of these developing frameworks. This Article begins an inquiry into some of the most significant implications of the CSR regimes now unfolding in China and India, and their potential for effecting legal and societal change. It also raises questions about why China and India are moving towards mandatory CSR when other key global players are taking a largely voluntary approach. Finally, this Article seeks to add to global debates over corporate governance models by enhancing understanding of the corporate governance developments and innovations now arising in China and India.

Keywords: Corporate Social Responsibility, CSR, India, China

JEL Classification: K20, K22

Suggested Citation

Afsharipour, Afra and Rana, Shruti, The Emergence of New Corporate Social Responsibility Regimes in China and India (July 25, 2014). UC Davis Business Law Journal, Vol. 14, p. 175 (2014) ; UC Davis Legal Studies Research Paper No. 386. Available at SSRN: https://ssrn.com/abstract=2472146

Afra Afsharipour (Contact Author)

University of California, Davis - School of Law ( email )

Martin Luther King, Jr. Hall
Davis, CA CA 95616-5201
United States

Shruti Rana

Indiana University Bloomington - School of Global and International Studies ( email )

355 N. Jordan Avenue
Bloomington, IN 47405
United States
812-856-7328 (Phone)

HOME PAGE: http://https://sgis.indiana.edu/faculty/directory/rana-shruti.html

Affiliated Faculty, Indiana University Maurer School of Law, Stewart Center on the Global Legal Profession ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States
812-856-7328 (Phone)

HOME PAGE: http://https://sgis.indiana.edu/faculty/directory/rana-shruti.html

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