Evaluating the Effectiveness of CSR Policy Implementation: Evidence from Selected BSE Listed Firms

Shrikant Pajankar; Vishwajeet R Ghinmine

doi:10.36948/ijfmr.2026.v08i01.67350

Evaluating the Effectiveness of CSR Policy Implementation: Evidence from Selected BSE Listed Firms

Author(s)	Dr. Shrikant Pajankar, Mr. Vishwajeet R Ghinmine
Country	India
Abstract	CSR has evolved to be a will initiative to become a mandate of companies in India, under the new Companies Act, 2013. To evaluate the effectiveness of the Bombay Stock Exchange (BSE) listed companies on the policy of the selection stock exchange on a CSR policy, the present paper examines the statutory disclosures on the subject of CSR and the reporting performance outcomes. The research design is the descriptive analytical research design and is grounded on the secondary research of annual reports, CSR reports, sustainability reports and websites of these companies over a given period of study. The adherence rate to CSR policy, the distribution of CSR expenditures, and priorities of CSR activities and the agreement with Schedule VII of the Act are evaluated using the content analysis and the selected quantitative indicators. The findings reflect that the differences in government of policy on CSR, the level of efficiency of CSR implementation and the quality of reporting are high amongst the firms and industries. Despite the fact that most of the companies are following the standards set by the law regarding the spending, the lack of the coverage in terms of the impact assessment, transparency and the long-term strategic integration of the CSR programs still remains. The paper recommends the necessity of the existence of an outcome based model of CSR, improved disclosure commissions and effective monitoring as a means of enhancing corporate social performance. This research will also be relevant to the literature on CSR and contribute to the practical implementation among policy makers, regulators, and managers of firms based on the findings of the investigation as it will provide viable information about the possibility of compulsory CSR enforcement in India.
Keywords	Corporate Social Responsibility (CSR), CSR Policy Implementation, CSR Performance, CSR Reporting, Companies Act, 2013, BSE Listed Companies, Mandatory CSR, Social Impact Assessment, India
Field	Business Administration
Published In	Volume 8, Issue 1, January-February 2026
Published On	2026-01-25
DOI	https://doi.org/10.36948/ijfmr.2026.v08i01.67350
Short DOI	https://doi.org/hbmdsj

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Evaluating the Effectiveness of CSR Policy Implementation: Evidence from Selected BSE Listed Firms

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