Social Disclosure Practices of Public Sector Enterprises In India

Journal Name: 
Journal of Accounting and Finance
Vol. 30 - No. 1
Author Name Designation Organization
Nisha Singla
R. S. Arora

The concept of corporate social responsibility has gained considerable attention in recent years with the increasing social pressure for the fulfillment of 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 Maharatna and Navratna companies in the light of new Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014. The period of 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 Maharatna and Navratna companies.