Role of Stakeholders in Socially Responsible Business Practices: A Review on Indian SME Clusters
Published: 2021
Author(s) Name: Arindam Laha and Santanu Kumar Ghosh |
Author(s) Affiliation: Department of Commerce, The University of Burdwan, West Bengal, India.
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Abstract
This paper seeks to shed some light
on the elements of internal and external
stakeholder effects in ensuring
socially responsible business
practices of the SME clusters. Hit
Gap Map analysis is employed to
systematically review available secondary
sources of information on
the business responsibility of Indian
clusters in economic, social
and environmental dimensions. Evidence
suggests that most of the socially
responsible initiatives are
clustered within the economic dimensions.
However, availability of
evidence on the intervention of educational institutes and the core
firms in the socially responsible
practices is high, on the participation
of voluntary organizations is
moderate, and on the involvement
of government in implementing a
sound PPP-CSR in social and environmental
sectors is scanty.
Keywords: N.A.
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