Indian mining industry: A balancing act? Social accounting and the path to sustainable corporate social responsibility

Abstract In this study, we have explored the direct relationship between social accounting (SAC) and sustainable corporate social responsibility (SCSR). Additionally, we have examined how inclusive growth (IG) and creating shared value (CSV) mediate the relationship between SAC and SCSR. The research survey was conducted in five districts of Odisha, India, involving 418 participants. We have validated our proposed model through both confirmatory and exploratory factor analyses. The study's empirical findings suggest that SAC significantly and positively influences sustainable CSR. Furthermore, the findings suggest that IG and CSV partially mediate this relationship. This study is one of its kind, and it considers factors that significantly affect the sustainability of CSR measures. This model will also provide future researchers with new insights into the role of accounting relating to CSR and guiding in their future investigations. The framework developed in this study, will enhance the understanding of CSR for companies and policymakers, enabling them to devise effective strategies for implementing CSR initiatives that address social challenges sustainably.