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2023 Dhruba Kumar Gautam ManagerialUnderstandingofCorporateSocialResponsibilityinNepal
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Managerial
Managerial understanding of understanding
corporate social responsibility
in Nepal
Bal Ram Chapagain
Central Department of Management, Faculty of Management,
Tribhuvan University, Kathmandu, Nepal Received 27 December 2022
Revised 27 June 2023
Accepted 2 October 2023
Pushkar Bajracharya and Dev Raj Adhikari
Faculty of Management, Tribhuvan University, Kathmandu, Nepal, and
Dhruba Kumar Gautam
Faculty of Management, Tribhuvan University, Kathmandu, Nepal and
Nepalese Academy of Management, Kathmandu, Nepal
Abstract
Purpose – Considering the ongoing debate regarding the roles of business in society, this paper aims to
examine the managerial understanding of corporate social responsibility (CSR) in Nepal.
Design/methodology/approach – This study uses explanatory sequential design under mixed methods
of research. First, the questionnaire survey method was used to collect data from 168 managers of listed
companies in Nepal. Second, semistructured interviews were conducted with 20 senior-level managers of
listed companies to verify the results obtained from the survey and to gain a deeper understanding of the
phenomena.
Findings – The survey results show that managerial understanding of CSR is mainly guided by the notions
of corporate philanthropy, stakeholder approach and political CSR, respectively. However, the managerial
understanding vis-a-vis political CSR and corporate philanthropy were found to be remarkably positively
influenced by the firm’s size, whereas the stakeholder perspective was widely held by the managers
regardless of their firm’s size. The interview results largely substantiated questionnaire survey findings and
further revealed vivid dimensions within the philanthropic approach, stakeholder approach and political CSR.
Practical implications – Given the recent legal provisions vis-a-vis mandatory CSR spending in Nepal,
the policymakers may devise and update common core and firm-size-specific informational, fiscal-economic,
legal and partnering instruments based on the findings of this study. Besides, companies may go for
appropriate institutional arrangements for CSR as needed.
Originality/value – The reaffirmation of conventionally accepted roles and the approval of relatively
nascent political roles of business in a distinct socio–political–legal–economic context of Nepal can be an
important contribution to the literature.
Keywords Corporate social responsibility, Managerial understanding, Firm size, Nepal
Paper type Research paper
1. Introduction
The concept of social responsibility of business, also known as corporate social responsibility
(CSR), is essentially dynamic (Carroll, 1999; Matten and Moon, 2020) and debatable
(Athanasopoulou, 2012; Matten and Moon, 2008) having unclear boundaries (Lantos, 2001). International Journal of Law and
Management
The lack of consensus regarding the responsibilities of business toward society is generally © Emerald Publishing Limited
1754-243X
attributed to the differences in managerial value systems (Turker and Ozmen, 2018; DOI 10.1108/IJLMA-12-2022-0272
IJLMA Windsor, 2006), firm characteristics (Cincalova and Hedija, 2020) and differences in the
sociocultural, political–legal and economic context of countries in which companies operate
(Abdul Rashid and Ibrahim, 2002; Tilt, 2016). In the early decades of its development,
the concept of CSR was mainly considered as a moral obligation of business toward society
(Bowen, 1953). However, today, it is also understood as a strategic tool to gain social power
and proactively shape the political–legal agenda (Ehrnström-Fuentes and Böhm, 2023;
Elembilassery, 2023).
It is worth noting that the practice of CSR in the real world of business depends on how
the term is understood (Freeman and Hasnaoui, 2011). Hence, a thorough and updated
knowledge regarding the managerial understanding of CSR is a precondition for
understanding current CSR practices and it provides implications for future research, policy
and practice.
Several studies have been carried out in exploring the managerial understanding of CSR.
Semistructured interviews with senior-level managers of big companies and a content
analysis of corporate websites’ CSR statements in the West indicated that CSR has moved
beyond the early philanthropic roots to an extensive strategic business practice (Silberhorn
and Warren, 2007). The concept has been comprehended contextually in developing
countries of the Global South. For instance, Colombian executives attached high importance
to environmental integrity, business ethics, health and safety, quality of products and
services, human rights and so on, while they gave the least importance to profitability
(Pastrana and Sriramesh, 2014). A recent study conducted in the American and Chinese
contexts found that despite the attempts to provide a univocal definition of CSR, the essence
of CSR has become eventually localized to fit the social needs in which companies
are located (Bu et al., 2022). Thus, it appears that the understanding of CSR is gradually
moving from short-term profit-making and corporate philanthropy to strategic business
practice and environmental integrity along with contextualization.
Therefore, evidence found in the Western and developed country contexts may not be
valid in the distinct sociocultural, political–legal and economic contexts of least developed
and developing countries like Nepal and India in the global south. For instance, a recent
study revealed that Indian bankers understand CSR as a moral duty of business to do
something for the welfare of society, beyond core banking operations (Pratihari and Uzma,
2020). However, this study does not cover a wide array of industrial sectors and uses only
the qualitative approach of inquiry. Likewise, Visser (2008) contends that economic
responsibilities get the highest priority followed by philanthropic responsibilities in
developing countries. But, it must be empirically tested before drawing any inferences.
Furthermore, most of the studies as of now have focused either on large companies
(Fitzpatrick, 2000; Pedersen and Neergaard, 2009; Skouloudis et al., 2015) or no comparison
has been made between the understanding of CSR among the managers of small, medium
and large companies (Quartey and Quartey, 2015; Sastry, 2011). The scholarship also
suggests that CSR perceptions and practices may vary across firm sizes (Sweeney, 2009)
mainly due to their varied resources, capabilities and motivations (Lepoutre and Heene,
2006; Matten and Moon, 2020; Scherer, 2017).
Interestingly, Nepal has recently made some legal provisions regarding mandatory
spending on CSR. Industrial Enterprises Act, 2020 (Ministry of Law, Justice and
Parliamentary Affairs, 2020), Industrial Enterprises Rules, 2022 (Ministry of Industry,
Commerce and Supplies, 2022) and Unified Directives of the central bank of Nepal (Nepal
Rastra Bank, 2021) have mandated specified types of industrial enterprises and all banking
and financial institutions (BFIs) to spend at least 1% of their annual net profit on CSR
activities. Since the detailed standard operating procedures for regulating business behavior
vis-a-vis mandatory CSR are yet to come, there is a need to shed some light on the managerial Managerial
understanding of CSR along with an attempt to identify the differences in understanding understanding
between large, medium and small firms through a robust study. Thus, a fundamental
question on CSR particularly in the Nepalese context is how executives and managers of
various firm sizes understand their responsibilities toward society.
Against this scenario, the study intends to fill the gap regarding the managerial
understanding of CSR using a mixed method of research covering a wide array of industrial
sectors and making a comparison among different firm sizes in the Nepalese context. Hence,
this paper could advance the current knowledge in the existing literature by suggesting an
updated and possibly a new paradigm of CSR in a distinct socioeconomic and political–legal
context of Nepal. Besides, it may also provide important insights to policymakers and
practitioners particularly in the global south, such as India and Mauritius, where the interest
of governments and other stakeholders in CSR is substantially increasing in the wake of
recent legal provisions on CSR spending.
With all these matters in mind, the other parts of the paper are structured as follows.
Section 2 presents a review of the relevant literature, followed by the research context and
questions in Section 3. Then, an account of the methodology that forms the basis of this
work is delineated in Section 4. This is followed by the presentation of results in Section 5.
The results are discussed in Section 6, and the conclusion and implications are drawn in
Section 7.
2. Review of literature
Studies conducted in different parts of the world have revealed different findings regarding
the managerial understanding of CSR. A recent study conducted among hotel sector
employees and managers indicated that ethical business practices, legal compliance and
financial performance of the business are more important responsibilities of business than
philanthropic and environmental activities (Wong and Kim, 2023). However, a study carried
out among 118 Greek executives and managers revealed that occupational health and safety,
product responsibility, environmental performance and responsible marketing are more
important than governance and ethics issues (Skouloudis et al., 2015). A recent study
conducted in Turkey and Slovenia revealed interesting findings. In Turkey, the
philanthropic essence of CSR was highly dominant, while the Slovenian meaning of CSR
was multifaceted (Galob et al., 2018). The Slovenian understanding of CSR was mainly
characterized by ethical principles and integrity, general social and stakeholder concerns,
general environmental and sustainability concerns and concern for employees and working
conditions.
Senior-level executives of commercial banks in India perceive CSR as an altruistic
philanthropy, i.e. an unselfish and unconditional giving designed to promote the welfare of
society beyond core business operations (Pratihari and Uzma, 2020). In a similar vein,
Vietnamese executives from domestic companies and NGOs also articulated that companies
are responsible for charitable giving and improving the well-being of Vietnamese citizens
which are embedded in Vietnamese culture and religious beliefs (L. Kane et al., 2022).
Likewise, a study conducted among Pakistani executives, consultants and national
regulators revealed that the understanding of CSR in Pakistan is mainly characterized by
caring for the community and environment (Khan et al., 2021). Thus, it appears that in some
contexts, such as in the USA, maximizing profit by remaining within the rules of the game is
understood as the important role of business in society whereas, in some other contexts,
such as in India and Vietnam, philanthropic activities are more important.
IJLMA Literature also indicates that the managerial understanding of CSR is also influenced by the
firm’s size. Sweeney (2009) in the Irish context found that managers of smaller organizations
understand CSR as community philanthropy. However, managers from large firms defined CSR
as the obligation of a business to fulfill the interests of all stakeholders including employees,
shareholders, customers, suppliers and the local communities. Table 1 summarizes the findings
of selected empirical studies regarding the managerial understanding of CSR across different
countries and organizational contexts.
Despite the emergence of new perspectives on CSR, such as creating shared value (CSV)
and political CSR in the recent decades, a review of extant literature reveals that the
managerial understanding of CSR is still dominated by corporate philanthropy, stakeholder
perspectives, environmental performance, profitability and legal and ethical considerations.
This may be attributed to inadequacies in the research methods, such as the findings
obtained from a questionnaire survey including limited items based on limited theoretical
perspectives or because of concluding the interviews before data saturation occurs, and so
on. It may also be because practicing managers are not aware of or have not yet accepted the
propositions regarding the changing roles of business in society. Apparently, few studies
(Sweeney, 2009) to date have focused on exploring the managerial understanding of CSR
across different firm sizes using a mixed method of research.
Some studies regarding the managers’ attitudes and views on CSR have been conducted
in the Nepalese context as well. Chapagain (2008) found that the views of managers of the
Nepalese banking sector on CSR were mainly guided by moral perspectives rather than
strategic ones. Likewise, Adhikari et al. (2016) have reported that the CSR perspectives of
Nepalese executives and opinion leaders closely resembled with economic responsibilities of
business. However, a recent study among tourism SMEs in Nepal has indicated that though
Nepalese managers regard CSR as a moral duty of business to do something for the benefit
of society, it also has strategic benefits (Baniya and Rajak, 2020). Despite some valuable
insights, CSR literature in the Nepalese context in this specific issue suffers from some
limitations. First, most of the existing studies have been conducted in specific industry
sectors such as banking or tourism. Second, none of the previous studies in the Nepalese
context have used a mixed method of research to take dual advantages of generalization and
a deeper understanding of the phenomenon. Third, differences in managerial understanding
of CSR by firm sizes have never been tested. Finally, as far as the authors are aware, survey
questionnaires are mostly guided by a specific theoretical perspective only (such as by
stakeholder theory or Carroll’s CSR pyramid), failing to capture the comprehensive
paradigm regarding the managerial understanding of CSR.
Fitzpatrick (2000) Questionnaire 150 CEOs US large companies Profitability, legal compliance and ethical conduct of business
survey rather than philanthropic activities
Pedersen and Case study Interviews: 10; survey: Large multinational Environmental integrity, attending to global social problems
Neergaard (2009) 149 managers company and attending to stakeholder concerns
Pedersen (2010) Questionnaire 1,000 managers Eight large Mainly the respect for the environment. Other concerns
survey international firms included satisfying customer needs, employee well-being and
social welfare and development
Sastry (2011) Round table 3 panelists and 1 Indian businesses Earn profits, address environmental and ethical concerns and
discussion moderator do well for creating social value
Athanasopoulou Case study Interviews with 24 Three UK-based Int’l All managers agreed that CSR goes beyond shareholder
(2012) managers firms interests including community and environmental
responsibility and business ethics
Pastrana and Mixed Interviews: 7; survey: 54 Colombian SMEs CSR should be integrated into core business functions. The
Sriramesh, 2014) managers main issues are environment, employees, business ethics and
products and services
Aribi and Arun Interviews 18 Senior managers Islamic FIs in Managers had a thorough understanding of CSR – ranging
(2015) Bahrain from ethical conduct to stakeholder responsibility and giving
back to society
Skouloudis et al. Questionnaire 118 Executives and Greek large Health and safety, environmental performance, product
(2015) survey managers companies responsibility and responsible marketing
Adhikari et al. Focus group 21 Executives and Industrial cities of CSR intents closely resemble with economic responsibilities of
(2016) discussion opinion leaders Nepal business
Pratihari and Interviews 26 Senior-level Scheduled Give something back to society beyond core business
Uzma (2020) executives commercial banks in operations such as contributing to community health and
India education and rural infrastructure development
Khan et al. (2021) In-depth 23 Executives, regulators Listed companies in Community development, environmental protection, donations
interviews and consultants Pakistan to charity organizations and ethical business practices
L. Kane et al. Focus group 20 Executives in three Vietnamese Charitable giving and improving the quality of life of
(2022) discussion focus groups companies and NGOs Vietnamese citizens
Wong and Kim Questionnaire 633 Employees and Hotel industry in the Mainly the ethical business practices, legal compliance and
(2023) survey managers USA financial performance of the business
understanding of
managerial
empirical studies on
Table 1.
understanding
Managerial
CSR
Summary of selected
IJLMA derived has now become the priority of the country. To this end, however, several questions
are bound to arise regarding the roles and responsibilities to be discharged by the different
actors including the corporate sector. Against this backdrop, Industrial Enterprises Act,
2020 has made a mandatory requirement to allocate and spend at least one percent of the
annual net profit on CSR-related activities for all large and medium-sized enterprises as well
as for small and cottage enterprises whose annual sales turnover exceeds 150m rupees
(Ministry of Law, Justice and Parliamentary Affairs, 2020). Recently, Industrial Enterprise
Rules, 2022 has indicated eight different areas of CSR spending including disaster risk
reduction and management, community health and education, environment and energy and
community infrastructures. Likewise, Nepal Rastra Bank (NRB)’s Unified Directives has
also mandated all BFIs to spend at least 1% of their annual net profit on CSR activities
(Nepal Rastra Bank, 2021). However, detailed implementation and reporting guidelines in
line with the requirements of the concerned act, rules and directives have not been developed
yet. Thus, the scientific investigation of how managers in the typical context of Nepal
understand CSR can provide important insights for preparing informed policy guidelines.
Common core guidelines may be prepared considering aggregated understanding of
managers and the firm’s size-specific guidelines may be prepared considering the
managerial understanding vis-a-vis firm size. The findings may also provide valuable
insights to the managers and policymakers of other countries, such as India, having similar
sociocultural, economic and political–legal contexts.
Given the literature review presented above and the research context, this paper attempts
to provide answers to the following research questions:
4. Research methodology
4.1 Research design
Among the various mixed methods research designs, this study used an explanatory
sequential design (QUAN-qual) with more emphasis on the quantitative phase (Creswell,
2012; Tashakkori and Teddlie, 1998). The rationale for using the explanatory sequential
design is that “the quantitative data and results provide a general picture of the research
problem; more analysis, specifically through qualitative data collection, is needed to refine,
extend, or explain the general picture” (Creswell, 2012, p. 542). The researchers believed that
the managerial understanding of CSR is a complex issue, which cannot be fully examined
through predefined categories of responses as it may be influenced by the unique set of
values, beliefs and traditions of individuals or society. Emphasis was given to the
quantitative phase as quantitative results, particularly the inferential statistics, have a high
predictive power (Ivankova and Stick, 2007) and, hence, one can deduce generalizations with
practical and/or theoretical implications.
First, the questionnaire survey was conducted, and quantitative data were analyzed to
identify the prevalent tendencies and examine the statistical as well as the practical
significance of the results. Then, 20 senior-level executives and managers were interviewed
from among the exhaustive list of respondents of the questionnaire survey phase, using a
stratified purposeful sampling technique. The interview data were analyzed using the
reflexive thematic analysis approach. Finally, the quantitative and qualitative results were
synthesized in line with the research questions raised. Figure 1 illustrates a summary of the Managerial
research design of the study. understanding
4.2 Population and sample
The population of the study comprises managers of 201 companies listed in the Nepal Stock
Exchange (NEPSE). The sample for the questionnaire survey included 168 firms
represented by one senior-level manager from each firm. Note that, the sample size confirms
the requirement of generalized scientific guidelines for research activities suggested by
Krejcie and Morgan (1970). In addition, it also meets the minimum sample size requirement
for performing one-way ANOVA, i.e. 159, while considering a priori (effect size f ¼ 0.25,
a ¼ 0.05, power ¼ 0.8 and the number of groups ¼ 3) using GPower 3.1 software as
suggested by the scholars in the field (Karadag and Aktas, 2012; Sawyer, 2009). The
response rate was 88.4% out of 190 randomly distributed questionnaires. Among them,
32.7% of firms were small (firms having fixed assets less than 150m rupees), 24.4% were
medium (firms having fixed assets within the range of 150–500m rupees) and 42.9%
were large (firms having fixed assets more than 500m rupees). This classification is based
on the existing provisions of the Industrial Enterprise Act, 2020 of Nepal.
The sampling method adopted for the semistructured interviews was stratified
purposive. As noted by Patton (2002, p. 240), “the main purpose of a stratified purposeful
sample is to capture major variations rather than to identify a common core, although the
latter may also emerge in the analysis.” Under this, the sampling frame is divided into strata
to obtain relatively homogeneous subgroups, and a purposeful sample is selected from each
stratum to secure needed expert opinion for a particular purpose (Onwuegbuzie and Collins,
2007).
Though Guest et al. (2006) have stated that information saturation occurs within the first
12 interviews, 20 interviews were conducted mainly to ensure the adequate representation of
different categories and sizes of firms listed in the NEPSE and considering the subjective
judgment of data saturation during the interview phase. As suggested by Francis et al.
(2010), a “stopping criterion” was used to ascertain information saturation. After the 17th
interview, no further insights were gained till the 20th interview and, hence, it was believed
Phase Procedure/Techniques
Integration of the
x Synthesis of the quantitative and qualitative results and interpretation
quantitative and
of the final results through discussion, conclusion, and implications
qualitative results
Figure 1.
Research design of
the study
Source: Developed by authors
IJLMA that information saturation occurred. This is in line with the argument that the data
saturation point for reflexive thematic analysis is subjective and cannot be precisely
determined in advance of analysis (Braun and Clarke, 2019b). However, the interview
sample size also satisfies the rule of thumb suggested by scholars in the field. For instance,
Lincoln and Guba (1985, p. 235) suggest that 12–20 participants are sufficient for interview
studies. In a similar vein, Bernard (2013, p. 175) also argues that 10–20 knowledgeable
people are sufficient for this purpose. It is also congruent with the practice of some
recent studies using a semistructured interview technique (Fisher and Law, 2021; Gautam
and Gautam, 2023). Table 2 portrays the framework of the sample for semistructured
interviews.
As shown in Table 2, semistructured interviews included CEOs, senior-level managers
and CSR managers (wherever available). The assumption is that the senior-level people and
those who look after the company’s CSR affairs can better articulate their understanding of
CSR and can provide more candid information in additional probes.
Approaches to corporate social responsibility Mean Cronbach’s alpha S–W test (sig.)
5. Results
5.1 Questionnaire survey findings
5.1.1 Managerial understanding of corporate social responsibility. Table 3 portrays the
aggregated understanding of Nepalese managers vis-a-vis different approaches to CSR along
with Cronbach’s alpha coefficients and the significance level of the S–W test for different
constructs.
As shown in Table 3, the mean values attached to various approaches of CSR indicate
that Nepalese managers largely agree on the notions of corporate philanthropy, stakeholder
approach and political CSR. Likewise, managers moderately accept the ideas of constrained
profit-making and the triple bottom line approaches. However, they seem still uncertain
about the notion of CSV approach. However, they refute the idea that businesses are purely
profit-making entities.
5.1.2 Managerial understanding of corporate social responsibility by the firm’s size. First,
the homogeneity of variance for each of the three groups – small, medium and large firms –
was tested before performing one-way ANOVA. The results confirmed that the assumptions
of homogeneity of variance were true for all constructs. Then, mean values for each of the
three groups were obtained against all constructs, and a one-way ANOVA test was
performed to find out the differences in managerial understanding of CSR by the firm’s size
as shown in Table 4. The table also shows the effect size (h2) whenever statistical
significance in the difference between means was observed (p < 0.05).
Table 4 reveals that there is a significant difference in managerial understanding of CSR
vis-a-vis the pure profit-making approach, constrained profit-making approach, corporate
We need to give something back to the society in which we operate. But, first of all, we should be
financially sound or profitable [. . .] then only the company can contribute something to society.
Ultimately, we are paid for doing business. Thus, profit first, then only social needs (C9, medium
firm).
6. Discussion
The questionnaire survey and interview results demonstrated a widespread managerial
understanding of CSR ranging from the socioculturally rooted approach of giving back to
society to the relatively recently emerged political roles of business in the Nepalese context.
Interview results also largely substantiated the questionnaire findings by highlighting the
notions of corporate philanthropy, stakeholder approach, political CSR and constrained
profit-making approach, respectively. In addition, interview findings also revealed vivid
dimensions under philanthropic, stakeholder and political CSR perspectives.
The results largely corroborate with the findings of Pedersen and Neergaard (2009) as
well as Aribi and Arun (2015). They found that managers had a thorough and vivid
understanding of CSR including corporate philanthropy, attending to stakeholder concerns
and participating in solving national and global social problems. However, the study
findings greatly contradict the findings of Fitzpatrick (2000) as well as Wong and Kim
(2023) who found that managerial understanding of CSR was characterized by ethical
business behavior, financial performance and legal compliance rather than philanthropic
activities. Likewise, the findings of this study partly confirm and partly contradict many
other studies including Pastrana and Sriramesh (2014) and Galob et al. (2018). For instance,
Galob et al. found that Turkish and Slovenian managers tended to equate CSR with
corporate philanthropy as well as stakeholder concerns but refuted the idea of political
engagement of businesses.
The results of this study may be attributed to a wide range of factors. The emphasis
toward philanthropic CSR may have been influenced by the cultural tradition of giving back
to society (Sthapit, 2021) and the religious beliefs among Nepalese people of the potential
society
IJLMA
Table 5.
regarding the
business toward
Emerged themes
responsibilities of
Main theme Subthemes Central idea Frequency
Philanthropic approach Altruistic philanthropy An unselfish and unconditional giving designed to promote the 5
good of society
Conditional philanthropy Contribute to social causes only when adequate profit is made 13
or slack resources are available
Strategic philanthropy/cause- Contribute to philanthropic activities in such a way that it 7
related marketing generates publicity, enhances brand image and increases the
revenue flow
Stakeholder approach Morally-guided stakeholder Do no harm to stakeholders and fulfill their prudent interests 15
approach
Strategically-guided stakeholder Fulfill the expectations of key stakeholders to enhance business 9
approach competitiveness and mitigate stakeholder pressures
Political CSR Public deliberations Engage in public deliberations for making collective decisions 5
for the benefit of society
Cross-sector collaboration Enter into collaboration with different sectors/actors of society 4
mainly to give a scalable impact
Helping the government Helping the government in peace-building, combating 9
corruption and providing public goods whenever necessary
Constrained profit-making approach – Maximize profit and create employment opportunities without 7
violating the legal provisions as well as ethical standards
Governance approach – Regulate and control business in an efficient, accountable and 5
transparent manner
Creating shared value (CSV) approach – Make decisions and take actions in such a way that it creates 2
additional value for both business and society
Environmental sustainability approach – Meeting the needs of business and society without destroying 3
the life-supporting ecosystem on which we depend
7. Conclusion
The purpose of this study is to provide an updated managerial understanding of CSR in the
unique research context of Nepal. To this end, the results indicated that managerial
understanding of CSR in Nepal is no longer limited to a single epitome of business and
society relationships. Instead, the managerial understanding of CSR in Nepal is mainly
characterized by the notions of corporate philanthropy, stakeholder approach, political CSR
and constrained profit-making approach. Thus, the results have underlined the relevance of
both traditional and emerging roles of business in society. However, these findings do not
equally apply to firms of all sizes. The idea of political CSR and corporate philanthropy are
strongly held in large firms whereas these ideas are not widely accepted in small firms. This
finding has great practical as well as theoretical significance in Nepal and other similar
country contexts as the differences are not only statistically significant but also the effect
sizes measured through eta squared (h2) are very large (see Table 4). However, the
stakeholder approach was largely agreed upon by managers regardless of their firms’ size.
Interestingly, interview results have validated survey findings in addition to the Managerial
revelation of vivid dimensions under those widely accepted approaches – philanthropic understanding
approach, stakeholder approach and political CSR. The interview findings have highlighted
the fact that the same phenomenon, such as corporate philanthropy, may have different
connotations. In Nepal, corporate philanthropy is understood as altruistic, conditional or
strategic but “conditional philanthropy” is more widely held.
Taken together, these results suggest that the new paradigm of CSR for Nepal and other
similar country contexts can be the combination of culturally-rooted corporate philanthropy,
morally and strategically underpinned stakeholder approach and sociopolitically required
political CSR. The most striking result to emerge from the analysis is that today’s business
managers regard themselves as the stewards of not only the shareholders but also the
society and the government at large. This paradigm of CSR can be particularly relevant for
developing and least developed countries where the government alone may not be able to
meet pressing social needs and fill the governance gaps to establish a prosperous and
balanced society.
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Further reading
Carroll, A.B. (2006), “Corporate social responsibility: a historical perspective”, in Epstein M.J. and
Hanson K.O. (Eds), The Accountable Corporation, Praeger Publishers, Westport, CT, pp. 3-30.
Corresponding author
Bal Ram Chapagain can be contacted at: balram.chapagain@cdm.tu.edu.np
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