How Does Corporate Social Responsibility Affect Financial Performance Indicators?
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 7
Abstract
Abstract: The present study observes how corporate sector responsibility affects firm’s financial performance indicators of sixteen Nabaratna Companies in India. Firms are nowadays increasing its association with every stakeholders plus society so that firm’s status and product likeness are increased steadily. Nowadays, each and every stakeholder have convinced firms to carry out extra investments in corporate social responsibility but some financial managers have accepted on the condition that firms’ profitability might be increased yet again a few financial managers have opposed for extra investment because firms’ profitability would be decreased. This study is based on annual data obtained from the Annual Reports of the Nabaratna Companies for the period from 2010 to 2014. To determine the influence of corporate sector responsibility on firm’s financial, correlation and linear regression analysis have been utlised. Empirical results indicate that corporate sector responsibility affect firm’s financial performance indicators of the companies under study although statistically insignificant, more than ever in case of fund’s size and firm’s size. Keywords: Corporate sector responsibility, financial performance indicators, Nabaratna Company, India, linear regressions.
Authors and Affiliations
Lakshmi Das, Amalendu Bhunia
Keywords
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