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Corporate Social Responsibility: A Manifestation in FDI

Corporate Social Responsibility: A Manifestation in FDI
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Author(s): Chandra Sekhar Patro (GVP College of Engineering (Autonomous), India) and K. Madhu Kishore Raghunath (GVP College of Engineering (Autonomous), India)
Copyright: 2016
Pages: 26
Source title: Analyzing the Relationship between Corporate Social Responsibility and Foreign Direct Investment
Source Author(s)/Editor(s): Marianne Ojo (North West University, South Africa)
DOI: 10.4018/978-1-5225-0305-7.ch014

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Abstract

There is a famous saying “With Great Power Comes Great Responsibility” and speaking of this in terms of a country's financial position Foreign Direct Investment (FDI) can be considered as a power and CSR as a share of responsibility. Generally the unfurling of CSR is a riveted and intrigued corner of developing country like India. Every business entity is willing to take up more responsibility as it is given lot of respect from various international agencies in the form of FDI and most of the organizations are realizing that more business heights will imply sustained development for social progress. Social innovation is the output derived when FDI and CSR come together leading to development of a nation in various facets. The purpose of the study is to articulate the impact of FDI on CSR activities in Indian context and to analyze the importance of how both FDI and CSR are interdependent and complement each other in various facets, not forgetting the fact that it's high time for Indian economy to boost up its CSR activities keeping in view the subsequent flow of investments.

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