Published Paper Details:

Assuming the significance on disclosure of non- financial measures and to drive transparency in the marketplace, in August 2012 Securities and Exchange Board of India in line with NVGs (2011) made Business Responsibility Reporting (BRR) mandatory for the top 100 entities by market capitalization on the Bombay Stock Exchange and National Stock Exchange. The BRRs should be included in the annual report filed for the financial years ending on or after December 31, 2012 so effectively applicable from financial year 2012-13. It is believed that reporting could then become the potential catalyst and can be a progressive measure to put the issues of ESG at the forefront. The study provided insight about factors influencing disclosure practices using the framework of Institutional theory. To measure CSR disclosure, a disclosure index consisting of 58 indicators with the maximum score of 313 was developed. The findings of multiple regression indicated that only Coercive Isomorphism explained by Size of the firm contributes to the extent of mandatory CSR disclosure of BSE listed firms. The findings indicated in providing empirical evidence on institutional theory that among the three mechanism of isomorphism; coercive, normative and mimetic, only coercive isomorphism explained by size of the firm contributes to the change in the extent of CSR disclosure of BSE listed firms and indicates that companies will perform conscientiously on CSR issues if coerced by the regulatory efforts.