Corporate Social Responsibility and Firm Performance in the Indian Context

Feeroz Hayat (), Hamza Naim () and Tariq Aziz

Journal of World Economy: Transformations & Transitions, 2022, vol. 2, issue 4

Abstract: In this study, we examine the impact of Corporate Social Responsibility (CSR) as a measure of Corporate Governance on firm performance for 348 firms in the NSE 500 Index listed in the National Stock Exchange (NSE) of India for the period 2012-2019. The results show that the total amount spent on CSR by the firms has a negative impact on the firm performance as there is a significant difference between the total amount incurred to be spent on CSR as per amendments in the Companies Act, 2013 and the total amount actually spent on CSR by the firms. It’s concluded that the number of CSR meetings held had no significant impact on firm performance. Results also show that firm size moderates the relationship between CSR and firm performance. CITE THIS PAPER: Hayat, Feeroz; Naim, Hamza; Aziz, Tariq (2022). "Corporate Social Responsibility and Firm Performance in the Indian Context" Journal of World Economy: Transformations & Transitions (JOWETT) 2(04):16. DOI: https://doi.org/10.52459/jowett24160922

Keywords: Corporate Social Responsibility (CSR); Firm Performance; Corporate Governance; Tobin’s Q; India (search for similar items in EconPapers)
Date: 2022
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