 Corporate Social Responsibility(CSR) is a business approach that

contributes to sustainable development by delivering economic,

social, and environmental benefits for all stakeholders. It is how
companies manage their business processes to produce an overall
positive impact on society.
 Business ethics is the study of proper business policies and practices
regarding potentially controversial issues, such as corporate
governance, insider trading, bribery, discrimination, corporate social
responsibility and fiduciary responsibilities
 Ethics is believed to be a set of moral benefits conduct that
discourages act of self gain and encourages honest and modest ways
of generating business income.
 Ethics play an important role in developing a business strategic plans it
serves as the backbone of the firms principle. The firms goal is to provide
services and products and acquire profit through the business’ sales and
operation (Ethics resource centre ,2009; Kalshoven et al.,2011)
 “The commitment of business to contribute to sustainable, economic
development, working with employees, their families and the local
community and society at large to improve their quality of life” (WBCSD
2002.)
 Research into the relationship between CSR and financial performance has
been on several theoretical arguments. Those who have suggested a
negative relation between social responsibility and financial performance
have argued that social responsibilty result in higher additional costs. That
puts a firm at an economic disadvantage compared to other less socially
responsible firms (Bragdon& Marlin, 1985; vance 1975)
 This is a descriptive study in which we see the role of business ethics and
corporate responsibility on Indian business growth. In this what is the
impact of CSR on polices on Indian business growth and ethics and
Corporate Social Responsibilty are recognised as important concern in
making decision in all aspect of our life and contributing to accelerate the
process of overall development of nation.
 The study is based on secondary data analysis. The data is collected from
different sources like websites, journals, previous published research
reports and also from CMIE database and CSR reports obtained from the
companies were used to supplement the data obtained from the survey.
1. To understand the concept of business ethics & CSR& study its relevance
in Indian society.
2. To study the different national international guidelines on CSR.
3. To study the relationship between CSR and financial and non financial
performance of firm.
4. To study the CSR performance of Indian companies.
 Data Presentation:
 Today the situation is different.
Attention to business ethics is on
the rise across the world and
many companies realize that in
order to succeed, they must earn
the respect and confidence of
their customers Like never before,
corporations are being asked,
encouraged and prodded to
improve their business practices
to emphasize legal and ethical
behaviour
 Interpretation:
 Corporations today need to fulfil
their social responsibility of
business not only to sustain
the growth and win customers
confidence but also to include it
at all the strategically levels of
decision making. Although, there
are sufficient laws which focus on
CSR towards ensuring a more
balanced, harmonious and welfare
oriented developmental approach.
Thus, they’re is a relevance of
business ethics & CSR in Indian
society.
 Data presentation:
 Guidelines have been consultative
process by a Guideline Drafting
Committee (GDC) comprising
competent and experienced
professionals representing
different stakeholder groups.
 The adoption of these National
Voluntary Guidelines will
improve the ability of businesses
to enhance their competitive
strengths, improve their
reputations, increase their ability
to attract and retain talent and
manage their relations with
investors and society at large.
 Interpretation:
 To study the different national
international guidelines on
CSR. It can be that before
implementing CSR
compulsory for all the
organisation. Their where less
importance of CSR
responsibility of business firm
towards their employees,
shareholders and society but
after implementing CSR
compulsory for all the firm the
brand image.
 Data presentation:
 Employee CSR which assessed
CSR towards employees
including equal employment
opportunities, health and safety at
work, provision of education
assistance etc. A company’s
reputation of a good corporate
citizen makes it easier for it to
receive support from local and
state governments for establishing
businesses.. A favourable CSR
towards environment increases
financial and non financial
performance.

 Interpretation:
After analysing it is interpreted
that there is a direct relationship
between CSR
and financial performance and
non-financial performance of the
firm. It reflects on the
effectiveness of the business
operations and the efficiency in
the management of tangible
assets. CSR plays an important
role in firm’s increasing brand
image and to become loyal
towards their stakeholders
 Reviewing the research result of investigating the CSR performance of
Private companies and Government companies it can be concluded that
there is a significant difference in the CSR performance. Private companies
did more CSR on an average as compare to Government companies. Thus,
it can be concluded that the corporate today need to inculcate the best
ethical practices at the same time efforts need to be directed for
encouraging employees towards individual morality. The uncertain
economic scenario, poverty and unemployment, it becomes very difficult
on the part of government to take stringent action against national and
multinational business firms to ensure greater compliance to CSR laws and
legislations.