Impact of Corporate Social Responsibility on the Firm’s Performance and Development in Context of Indian Companies

Abstract

The study looks at the Corporate Social Responsibility (CSR) techniques and exercises of firms as revealed in yearly reports and investigates its linkages to bookkeeping and market execution of firms. The study looks at the yearly reports of a specimen of 30 firms (out of 50) fitting in with the benchmark list of the National Stock Exchange of India and tracks these reports for proofs of CSR exercises over a five year period from 2010 to 2015. The study utilizes substance investigation to study CSR revelation and characterizes and rates these exercises utilizing things from a set up scale took after by development of class shrewd CSR records. The relationship of these files with firm execution is investigated through a pooled relapse model in the wake of provisioning for control variables and slack impacts. The study finds that CSR reporting may not be having any critical effect on bookkeeping and market execution of the firm in the fleeting yet environment situated CSR exposure may be adversely identified with the business sector execution of the firm. The concentrate additionally finds that organizations concentrate intensely on representative and client arranged CSR and the methods of CSR ventures are more contributory as opposed to participative in nature.