The impact of corporate social responsibility on financial performance – Infosys way

Shailesh N. Ransariya () and Sanjay J. Bhayani ()

International Journal of Accounting, Business and Finance, 2022, vol. 1, issue 2, 11-18

Abstract: The current study sought to examine the effect of Corporate Social Responsibility (CSR) on the financial performance of Infosys Ltd over five years spanning 2016-17 to 2020-21. To assess financial performance, we employ various profitability and liquidity ratios. The findings show that CSR has a high positive impact on Return on Capital Employed and a high negative impact on Return on Net Worth, Operating Profit, Net Profit, Current Ratio, and Liquid Ratio. In conclusion, CSR had no significant impact on Infosys Ltd.'s financial performance during the study period.

Keywords: Corporate Social Responsibility; Financial Performance; CSR score (search for similar items in EconPapers)
Date: 2022
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