All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Amalendu Bhunia Dr.
''Association between corporate social responsibility and firm financial performance: empirical evidence from bombay stock exchange''
( 2012, Vol. 32 No.2 )
This paper examines the association between corporate social responsibility and firm financial performance for the period from 2008 to 2011. Corporate social responsibility is of crucial importance for the evaluation of firms financial because corporate social responsibility is the action strategy of a firm and might affect the firm financial performance. This study is based on secondary data obtained from the annual (sustainable) report of firms listed in sensex of Bombay stock exchange and various databases including yahoo finance database. In the course of analysis, descriptive statistics and regression statistics of Hausman test model has been designed. The results show that the CSR activities conducted by firms are still relatively low. Furthermore, the panel data estimation suggests that CSR has the positive effect on the firm financial performance. The results also indicate that the financial crisis in 2008 reduced the positive effect of the CSR on the firm financial performance.
Keywords: Corporate social responsibility, firm financial performance, financial crisis, panel data analysis, Hausman model, Bombay stock exchange
Manuscript Received : May 26 2012 Manuscript Accepted : May 28 2012

  This abstract has been downloaded 668 times                The Full PDF of this paper has been downloaded 100378 times