Corporate Social Responsibility (CSR) is a desirable approach considering it reduces risks, increases brand value, improves transparency, and has a possible impact on the financial health of the business. Initiated as an act of philanthropy, it has recently become mandatory as a part of the Companies Act, 2013 in India which mandates CSR spending. The study had an objective to validate that CSR disclosures lead to better financial performance of a company and vice-versa. The study analyzed the relationship between CSR disclosure and financial performance and vice versa using various approaches viz., exploratory to understand the trends and practices and statistical by adopting multiple regression modelling techniques.The results of the study reveal that the company's financial performance (profitability) has a cause and effect relationship with the CSR disclosure and vice versa, which substantiated the theories predicting that CSR can affect the financial performance of the company.
Abstract:Supply chain excellence has a real impact on business strategy. Manufacturing is an integral part of this strategy represents one of the most exciting opportunities to create value and one of the most challenging tasks for the policy makers. In this paper, we consider a performance criterion for the flowshop scheduling problem that aims to minimise a complex cost function, i.e., the sum of weighted tardiness and weighted flow-time costs. A heuristic and hybrid genetic algorithms are proposed and experimental results are provided. We address this trade-off and propose solution techniques that are easy for the shop-floor manager to implement. As scheduling function is an integral part of supply chain, the proposed solution minimises the opportunity losses and improves cost based supply chain performance. This paper addresses this interesting and challenging domain.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.