A Review of Corporate Social Responsibility Practices among Indian Corporate Sector
Author : Simran Bishnoi and Dr. Mahesh Chand Garg
Abstract :
India was the first nation in the world to mandate Corporate Social Responsibility spending for businesses that exceeded specific limits in the year 2013. Corporate Social Responsibility, often abbreviated as CSR, refers to the voluntary or obligatory commitment of companies to contribute to the development of the community. CSR encompasses a broad range of actions, from giving to taking initiative, like cutting carbon footprints, investing in fair-trade, socially and ecologically responsible companies, and enhancing labour laws in response to changing circumstances. This study is an attempt to evaluate the impact of CSR on financial performance of the firms. The results revealed the mix effect of CSR on firm performance i.e. some studies show positive results while some shows negative results.
Keywords :
Corporate Social Responsibility, Financial performance, CSR, Corporate Governance.
