Status of CSR Expenditure of Indian Corporates, Five Years since the Mandatory Spending- A Case Study of Reliance and ONGC

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Veena M, Dr. N Ajithkumar

Abstract

Corporate social Responsibility (CSR) is presently perceived as a relevant and indispensable aspect of corporate system. The primary reason for the research is to analyse whether the corporate spending towards social activities by the companies under study has been influenced by time or not and also to see whether the companies CSR spending pattern is related or not. The study also tries to see if future CSR spending can be predicted for both the entities based on the data. Besides the study tries to find out the growth rate in CSR spending by both the companies. Moreover, the study depends on the secondary information of Reliance and ONGC’s CSR reports. Correlation and regression analysis are used to analyse the data. It is concluded from the study that time has no influence on the CSR spending of both the companies over these five years and the CSR expenditure of both the companies are not influenced by each other. Rather ONGC shows a phenomenal growth in CSR spending over these years compared to Reliance, though Reliance is the CSR leader in India.

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