Evaluating the impact of corporate social responsibility expenditure on profitability of energy sector firms in India Online publication date: Fri, 22-Nov-2019
by Akanksha Shukla; Geetika Goel; Nimesh Shukla
International Journal of Sustainable Society (IJSSOC), Vol. 11, No. 3, 2019
Abstract: The study examines the impact of corporate social responsibility expenditure (CSRE) on financial performance of energy sector firms in India. The research is based on the cost benefit approach to determine whether the expenditure made by the firms on CSR activities can accrue financial benefits to them or not. As a case study energy sector of India has been studied using the sample of 38 firms listed on Bombay Stock Exchange (BSE) of India. The study found that CSR expenditure and financial performance of the firms have positive and significant relationship which implies that social responsibility taken up by energy firms yields them financial benefits. Hence, it is recommended that it is beneficial for the firms to engage in CSR activities in order to sustain and grow. The major contribution of the study is a validated model of relationship between CSR expenditure and financial performance of the firm.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
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 Sustainable Society (IJSSOC):
Login with your Inderscience username and 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
Our Blog 
Follow us on Twitter 
Visit us on Facebook