Paper Title
Strategy to Bring the Stakeholders Together to Cooperate in the Business: A Game-Theoretic Approach

Abstract
The objective of this paper is to analyse the primary data on Corporate Social Responsibility (CSR) activities of Mahanadi Coalfield Limited (MCL) as a business strategy to bring all its stake holders (local community, managers, and non-managerial employees) together for sustainable business within the Game-theoretic framework. By considering each stake holder as a player, the study concluded that average inclination to cooperate would be lower for the community residing near a closed mine, among the employees, the inclination to cooperate would be higher for the managerial employees in comparison to the non-managerial employees. Therefore, MCL must strengthen its CSR activities in the closed mines so that its impression as a community-friendly industry can spill over to the functional ones. The responsibility also lies with the community to be more impartial in its evaluation of an industry. If CSR policies of MCL can incline all the stakeholders to cooperate, then its business would be sustainable. Keywords – Game Theory; Inclination to Cooperate; CSR; Sustainable Business; Spillover JEL Codes - C71; C72; M14; L21; D62