Corporate Social Responsibility and Firm Performance: Exploring the Influence of Business Group Affiliation, Regulatory Mandates, and Strategic Balance Between Purpose and Profit—A Theoretical and Empirical Framework

Pramod Kumar Patjoshi (), Sibaprasanna Pattanaik, Prakash Chandra Swain, Umakanta Nayak, Soma Parija and Ratidev Samal
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Pramod Kumar Patjoshi: Centurion University of Technology and Management
Sibaprasanna Pattanaik: Centurion University of Technology and Management
Prakash Chandra Swain: Kalinga Institute of Industrial Technology
Umakanta Nayak: SVKM’s Narsee Monjee Institute of Management Studies
Soma Parija: Kalinga Institute of Industrial Technology
Ratidev Samal: Centurion University of Technology and Management

A chapter in Proceedings of the 8th International Conference on Corporate Social Responsibility and Sustainable Development, 2026, pp 635-649 from Springer

Abstract: Abstract There has been a great deal of research and discussion in the last few decades about the link between CSR and financial success for businesses. While some studies indicate that Corporate Social Responsibility (CSR) initiatives boost a business’s reputation, encourage customer loyalty, and eventually lead to better financial results, other studies view these expenses as a trade-off with profitability. How corporations are incorporating environmental and social concerns into their day-to-day operations is the focus of this research. This paper critically assesses the effectiveness of the amended Companies Act, 2013, in advancing Corporate Social Responsibility (CSR) initiatives among firms. It explores the linkage between CSR and corporate performance by drawing upon established theoretical frameworks, including the resource-based view, agency theory, and stakeholder theory. By conducting an integrative literature review of available empirical research, the paper brings to attention the heterogeneity of research results and emphasizes the contextual variables as an industry classification, a geographical region, and a methodology that would be applied to measure the CSR activities. The study also tries to analyse how the business affiliation to a business group, statutory requirements and the strategic alignment of social purpose, profitability develops a theoretical and practical comprehension of CSR in the India corporate sector.

Keywords: Corporate Social Responsibility; Firm performance; Affiliation of group; Mandatory CSR norms; Theoretical frameworks (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-981-95-4017-4_40

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DOI: 10.1007/978-981-95-4017-4_40

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