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CSR focus in the mission and vision statements of public sector enterprises: Evidence from India
Purpose: This study aims to explore the weightage rendered to corporate social responsibility (CSR) keywords in mission and vision (M&V) statements of public sector enterprises (PSEs) in India.
Design/methodology/approach: Analysing the contents of M&V statements of 230 PSEs, this study has the twin research objectives of seeking to illuminate the current use of CSR-related keywords in PSEs’ M&V statements that reflect organisational strategy and provide an understanding for how firm age, industry and firm size variables serve to influence CSR keyword reporting in these statements.
Findings: The findings of this study provide evidence that half of the Indian PSEs reported at least one CSR-related keyword in their M&V statements. These public enterprises predominantly use 38 different categories of CSR keywords in their M&V statements. Furthermore, the authors find that environment-related keywords were predominantly used by PSEs in their M&V statements. The results indicate that PSEs’ size and industries are significantly associated with the use of CSR-related keywords in M&V statements, suggesting that bigger PSEs and PSEs in extractive industries (e.g. mining, coal and petroleum) tend to report more CSR-related keywords in their M&V statements.
Research limitations/implications: Findings imply that small public enterprises (those having a low annual turnover) lack CSR focus in their M&V statements. The authors argue that, irrespective of the size of the enterprise, CSR should be an integral part of these PSEs in framing their M&V statements.
Originality/value: This study systematically analyses CSR-related keywords in the M&V statements of all PSEs in India.
History
Publication title
Managerial Auditing JournalVolume
32Issue
4-5Pagination
356-377ISSN
0268-6902Department/School
TSBEPublisher
Emerald Publishing LimitedPlace of publication
United KingdomRights statement
Copyright Emerald Publishing Limited.Repository Status
- Restricted