Abstract

Corporate social responsibility (CSR) is no longer to assess only any business organization in context of contribution to the society. Perhaps, it has gained popularity among the corporations due to its prospects of yielding better business performance in the long range. The purpose of this paper is to sketch out an overview of CSR based on the acclamation and criticism from diverse perspective. Looking over through the extant literatures, this paper reviews the present status of CSR among the scholars, practitioners, development organizations, and governments. This paper reveals the supportive arguments for the notion that CSR is „giving back‟ to society by the business entities. In the business context, CSR found to be more effective and significant in the financial sector of a country. Considering the diminishing role of the state economic activity and limitation of generating public funds by the state, raise the dependency and expectation on the business sector, which would possibly eradicate the critical and severe issues of the society in developing countries. However, this paper opens up new thought towards CSR, which is more, an apt paradigm for returning back to the society.

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