Determinants Regarding Corporate Social Responsibility (CSR): A Review

Author(s): Khujan Singh, Komal Verma and Chand Kiran

Abstract:

Purpose: The goal of this study is to acknowledge the determinants of corporate social responsibility (CSR) initiatives.
Design/Methodology/Approach: Total 62 research papers regarding CSR have been collected from reputed journals listed in Scopus and JSTOR database. These papers were published in between the year 1999 to 2020. The majority of the papers are empirical in nature.
Findings of the Study: The study identified determinants like Reputation, Financial Performance, Profitability, Environmental Sustainability, Company Size, Customer Satisfaction, Financial Leverage, Industry Competition, Firm Age, Firm Innovation, Cost of Debt and Firm life cycle. This study finds a wide range of CSR initiatives being carried out by firms all around the world. So, it becomes important for government and policy makers to have an eye on organizations regarding CSR and make some strategies that will be helpful to improve the role of CSR in society.
Practical Implication: The present study has several implications for corporates, policymakers, practitioners and stakeholders. The research will help in the development of a formal CSR strategy and in satisfying the needs of business and society in the twenty-first century.
Originality/Value: This article is unique in itself because no single article reported more than two determinants.

Keywords: Corporate social responsibility (CSR), perception, CSR determinants, environment, performance

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