Corporate Social Responsibility and its impact on the profitability of select Companies in India-An Empirical Study
Academic Leadership - Online Journal,
Vol. 21 No. 6 (2020): Vol-21-Issue-6-June-2020
Corporate Social Responsibility of the companies depends upon Profit earned by them or if company had created some fund towards corporate social responsibility and intention to do some welfare activities for the benefit of society. The present study made an attempt to examine Quantum of CSR Expenditure and analyze the impact of CSR on Net Profit of the company for the subsequent year and company spends the CSR Expenditure as per the standard norms among select companies in India. For the purpose of the study, researcher have identified eight sectors viz. Cement, Steel, Pharmaceuticals, Automobiles, Oil and Gas, Fast Moving Consumer Goods, Chemical and Fertilizers and Mining. To analyse the data ANOVA, KMO and Bartlett's Test, Multiple Regression and factor analysis has been used. There is no significant difference in the CSR Practices with respect to different sectors of industries and Ownership of companies. Net profit of companies is significantly influenced by factors like CSR expenditure and type of ownership. The Net profit of the companies is related to Corporate Social Performance, Financial Performances, Revenue, CSR status, Returns and Ownership.
Download CitationEndnote/Zotero/Mendeley (RIS)