Social Disclosure Practices of Public Sector Enterprises in India

Abstract

The concept o f corporate social responsibility has gained considerable attention in recent years with the increasing social pressure for the fulfillm ent o f social responsibility. Companies need to act in a socially responsible manner for their long term survival. The present paper examines social disclosure practices of public sector enterprises namely M aharatna and N avratna companies in the light o f new Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014. The period o f study is two years i.e. 2013-14 and 2014-15. The study is based on annual reports. The data has been analyzed using independent samples t-test and paired t-test. The study highlights significant findings with regard to social disclosure practices of M aharatna and Navratna companies.