Article | Open Access | Published: 7 December 2015
Investigating Status of Corporate Social Responsibility Policies and Practices: Case Study of Small and Medium Enterprises in Jamshoro and Hyderabad Districts
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Abstract:
This paper is an attempt to identify corporate social responsibility practices in Small and Medium Enterprises (SMEs). It is based on the premise that most SMEs do not know much about the concept of corporate social responsibility as opposed to multinational enterprises. The main purpose is to look at the awareness and implementation of CSR order 2009 issued by the Securities and Exchange Commission of Pakistan (SECP. The general order provides 13 areas of socially responsible businesses. To conduct this baseline study a close-ended fully structured questionnaire was distributed to the SMEs located in Hyderabad and Jamshoro industrial areas. To analyze/evaluate the response, Statistical Package for Social Sciences (SPSS) is used. Only 39% of the companies have information regarding CSR general order. We concluded that government should start education programs for entrepreneurs, especially for SMEs. Communication links need to be established among all the business stakeholders. The government may start incentive programs for enterprises that are voluntarily pursuing CSR. This research provides a basic understanding and know-how about CSR in SMEs to do businesses on ethical grounds. This will also prove to be a catalyst for the government in devising better strategies for CSR compliance through incentives rather than exercising regulatory instruments.
Keywords:
Corporate Social Responsibility, Small and Medium Enterprise, CSR Order 2009, Philanthropy, Jamshoro, Hyderabad
Publisher:
ILMA UNIVERSITY
Published:
7 December 2015
Issue:
Issue 2 : Volume 11
E-ISSN:
2409-6520
P-ISSN:
2414-8393
This is an open access article distributed under the terms of the Creative Commons Attribution CC BY 4.0 license, which permits any use, distribution, and reproduction of the work without further permission provided the original author(s) and source are credited.