Corporate social responsibility and financial performance in selected companies of India: an event study approach
by Neena Sinha; Miklesh Prasad Yadav; Timcy Sachdeva
International Journal of Business and Globalisation (IJBG), Vol. 32, No. 2/3, 2022

Abstract: The present study examines the impact of corporate social responsibility (CSR) on financial performance of Indian companies. The proxies for the CSR and financial performance are sustainability award announced by Confederation of Indian Industry (CII-ITC) and stock price. The study is based on the 32 companies awarded by CII-ITC Sustainability Award during 2010-2011 to 2016-2017. After collecting the data of stock price of entire sample companies, an event study methodology has been applied to observe the impact of corporate social responsibility on abnormal return in window period -40 days to +40 days considering window estimation period 200 days. The results reveal insignificant relationship between CSR and financial performance during pre and post announcement of sustainability award.

Online publication date: Thu, 01-Dec-2022

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business and Globalisation (IJBG):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com