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Title: :  Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies
PaperId: :  C-1441
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 2 Issue 3 2017
DUI:    16.0415/IJARIIE-C-1441
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Auther NameAuther Institute
Susanta DattaR.K.Talreja College of Arts, Science and Commerce, Ulhasnagar, Thane, Maharashtra
Vinayak KarandeR.A.Podar College of Commerce & Economics, Matunga, Mumbai, Maharashtra

Abstract

Economics
Corporate Social Responsibility, Corporate Governmence, Strategic CSR, Public Policy.
Indian Pharmaceutical sector contributed 2.4%in global pharmaceutical business in terms of value and 10% in terms of volume. It is anticipated to grow at a CAGR of 12.89% over 2015–20 to reach USD55 billion. Indian healthcare sector, one of the fastest growing sectors, is expected to advance at a CAGR of 17 % to reach USD250 billion over 2008–20. Under the newly enacted Companies Act 2013 in which under section 135 make Corporate Social Responsibility (CSR) as an obligation that companies need to spend 2% of average the last three years net profits on CSR activities which has been initiated since April 1, 2014 as per Companies (CSR) Rule 2014.Based on public disclosure of 11 pharmaceuticals companies out of top 100 company based on SEBI market capitalization, prescribed CSR spending and actual spending have been increasing during financial year 2014-15 to financial year 2015-16. Using Porter and Kramer (2006), we categorise strategic CSR and Responsive CSR activities based on their expenditure at the state level implementation and analyse both quantitative as well as qualitative data in order to arrive with significant findings. Our findings are quite consistent with the real life practices along with company’s long term plan to create new business opportunities through strategic CSR. Over the period of time the issue of sustainability and inclusive nature of growth have been ensured and that strategic CSR would likely to increase access to healthcare facilities to the socially excluded people. CSR become one of the non-price competition instrument as well as reducing non-financial risk which also ensure through better public disclosure practices under corporate governance mechanism of pharmaceuticals companies.

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IJARIIE Susanta Datta, and Vinayak Karande. "Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies" International Journal Of Advance Research And Innovative Ideas In Education Volume 2 Issue 3 2017 Page 66-74
MLA Susanta Datta, and Vinayak Karande. "Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies." International Journal Of Advance Research And Innovative Ideas In Education 2.3(2017) : 66-74.
APA Susanta Datta, & Vinayak Karande. (2017). Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies. International Journal Of Advance Research And Innovative Ideas In Education, 2(3), 66-74.
Chicago Susanta Datta, and Vinayak Karande. "Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies." International Journal Of Advance Research And Innovative Ideas In Education 2, no. 3 (2017) : 66-74.
Oxford Susanta Datta, and Vinayak Karande. 'Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies', International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 3, 2017, p. 66-74. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Strategic_CSR_through_Healthcare__A_Case_study_on_Indian_Pharmaceutical_Companies_1441.pdf (Accessed : 08 August 2024).
Harvard Susanta Datta, and Vinayak Karande. (2017) 'Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies', International Journal Of Advance Research And Innovative Ideas In Education, 2(3), pp. 66-74IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Strategic_CSR_through_Healthcare__A_Case_study_on_Indian_Pharmaceutical_Companies_1441.pdf (Accessed : 08 August 2024)
IEEE Susanta Datta, and Vinayak Karande, "Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies," International Journal Of Advance Research And Innovative Ideas In Education, vol. 2, no. 3, pp. 66-74, 2 2017. [Online]. Available: https://ijariie.com/AdminUploadPdf/Strategic_CSR_through_Healthcare__A_Case_study_on_Indian_Pharmaceutical_Companies_1441.pdf [Accessed : 08 August 2024].
Turabian Susanta Datta, and Vinayak Karande. "Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 2 number 3 (08 August 2024).
Vancouver Susanta Datta, and Vinayak Karande. Strategic CSR through Healthcare: A Case study on Indian Pharmaceutical Companies. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : 08 August 2024]; 2(3) : 66-74. Available from: https://ijariie.com/AdminUploadPdf/Strategic_CSR_through_Healthcare__A_Case_study_on_Indian_Pharmaceutical_Companies_1441.pdf
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