Centre for India & Global Business

Affiliated Research

Corporate Sustainability Reporting Practices and their Impact on Indian Businesses

Dr Taran Patel, Grenoble Ecole de Management

In recent years there has been increasing pressure on companies to report their sustainability practices according to internationally recommended guidelines. Investment decisions, especially in developing countries like India, are being guided by whether companies report their CS practices and more importantly whether they do so according to internationally recommended guidelines. Taking the example of six Indian organizations, Taran Patel and Steve Rayner argue that their CS initiatives and reporting preferences are guided by their cultures, which they define as frameworks of accountability. They find that the three active types of social accountability (i.e. hierarchy, competitive and egalitarian) prioritize stakeholders and report their CS practices differently. Therefore, managers need an insight into different kinds of social accountability existing in their organizations in order to effectively design, implement and report their CS initiatives. This study employs a triangular model of accountability, which reveals patterns of hybridity in the motivation for and application of social accountability in some organizations.

Related Links

Read The Role of Dynamic Cultural Theories in Explaining the Viability of International Strategic Alliances: A Focus on Indo-French Alliances (pdf, 129KB)

Read Making Sense of the Diversity of Ethical Decision Making in Business: An Illustration of the Indian Context (pdf, 131KB)

Download Taran Patel's CV (pdf, 42KB)

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The Size of New Firm Start-ups Across Space

Dr Jagannadha Pawan Tamvada, Max Planck Institute of Economics

How do entrepreneurial start-ups differ across space? J.P. Tamvada's recent research with David Audretsch shows that superior regions give birth to superior new firm start-ups. In the context of India, this reflects as a distinct north-south divide in the quality of new firm start-ups.

Although the role of firm-specific and industry-specific characteristic on the size of new firms has been analysed in the literature, the impact of geographic location has been largely neglected. J.P.'s research suggests that the size of new firms exhibits remarkable spatial patterns that are not explainable by firm and industry characteristics. The empirical results reveal that the districts of Uttar Pradesh, Madhya Pradesh, and Bihar, three of the poorest Indian states, form a belt with new firm start-ups that have a significantly smaller size than the size of new firm start-ups in the more developed states of Maharastra, Andhra Pradesh, Punjab and Haryana. "Aiding entrepreneurs in poorer regions is essential for development policy," J.P. says.

Further, the results provide important first insights identifying those factors shaping firms' start-up size in the context of a developing economy. In particular, the results suggest that new-firm start-ups by proprietary owners and female entrepreneurs have a smaller size at start-up. Firms that have technical knowledge at the start-up phase tend to have a larger size than firms that do not have any technical knowledge.

The empirical study uses geoadditive modelling techniques and a comprehensive database of new firm start-ups that started their operations during 1998-2000. Here, the size of new firm start-ups is measured using the initial value of their fixed assets.

Related Links

Read the full paper (pdf, 1MB)

View J.P. Tamvada's full bio

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