The Role of CSR in the Development of Madhya Pradesh: An Empirical Study

Abstract

“Corporate Social Responsibility (CSR)” has become a key aspect of corporate governance, shaping business sustainability, social development, and stakeholder relationships. While organizations increasingly use CSR as a strategic tool, challenges persist in implementation, awareness, transparency, and stakeholder engagement. This study examines the impact of CSR initiatives on school education, corporate transparency, and stakeholder participation while identifying gaps in government strategies promoting CSR in private enterprises. Adopting a quantitative research approach, the study utilizes a survey methodology, collecting data from corporate employees, CSR professionals, and stakeholders. A structured questionnaire with a 5-point Likert scale was used, and statistical analyses—including regression, Chi-Square, and Pearson correlation—were conducted on 474 valid responses. Findings reveal a strong positive relationship between CSR and educational improvements, yet significant gaps exist in government policies and corporate awareness. While corporate policies align with CSR strategies, transparency concerns remain regarding fund utilization and disclosure. The study highlights the need for structured feedback mechanisms and greater inclusivity in CSR decision-making. Strengthening governance, enhancing awareness, and fostering collaboration between businesses, government, and stakeholders can enhance CSR’s societal impact.