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Title: Does corporate social responsibility lead to superior financial performance? Evidence from BSE 100 index
Authors: Maqbool, Shafat
Keywords: Corporate social responsibility
Financial performance
Panel data
Issue Date: Sep-2019
Publisher: Indian Institute of Management Calcutta, Kolkata
Series/Report no.: Vol.46;No.3
Abstract: This study attempts to examine the impact of corporate social responsibility on financial performance in the Indian context. For this purpose, the study has selected BSE 100 index for the period of 9 years (2010–2018) as a sample study. The panel regression analysis reveals that corporate social responsibility has positive impact on concurrent profitability and stock returns. Likewise, results show that corporate social responsibility has positive impact on future profitability, potentially indicating that corporate social responsibility carries impact over a long period of time. However, positive relationship doesn’t exist between corporate social responsibility and future stock returns. Overall, the findings indicate that market compensates those firms that consciously engage with stakeholders.
Description: Shafat Maqbool, Department of Commerce, Aligarh Muslim University, Aligarh, Uttar Pradesh, 202002, India
Issue Editor – Manisha Chakrabarty
ISSN: 0304-0941 (print version) ; 2197-1722 (electronic version)
Appears in Collections:Issue 3, September 2019

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