Investigating the Relationship between Corporate Social Responsibility and Financial Performance: A Case Study on Indian Manufacturing Companies
Suprabha L, Greeshma H, Sabira A
South Asian Journal of Social Studies and Economics · pp. 102–108 · Published 4 Dec 2024
10.9734/sajsse/2024/v21i12921Abstract
This study investigates the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in the context of Indian manufacturing firms. Using secondary data from 150 firms listed in the Nifty 500 index over six years (2014–2019), the study employs multivariate regression analysis to examine both accounting-based (ROA) and market-based (Tobin's Q) performance measures. The results reveal a significant positive association between CSR activities and CFP, highlighting that CSR initiatives enhance profitability and market valuation. Variance inflation factor and stationarity tests confirm the robustness of the models, with R-squared values indicating that independent variables explain 66–67% of the variation in financial performance. The findings underscore the strategic importance of CSR in improving economic outcomes and guiding managerial decisions. While limited to Indian manufacturing firms, the study provides a foundation for further research in cross-country and sectoral comparisons.
Cited by 0
No indexed citations yet.
Related research
- Agro-morphological Characterization of Corchorus olitorius Cultivars of Benin — shares topic coverage
- Morphological Seeds Descriptors for Characterize and Differentiate Genotypes of Opuntia (Cactaceae, Opuntioideae) — shares topic coverage
- Genetic Advance Prediction and Multivariate Analysis for Antioxidants and Agronomic Traits in Wheat — shares topic coverage
- Diversity of Soil Cyanobacteria in Relation to Dominant Wild Plants and Edaphic Factors at Western Saudi Arabia — shares topic coverage
- Vegetation Composition Related to Environmental Factors along the International Highway-West Alexandria, Egypt — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
0
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.