IDEAS home Printed from https://ideas.repec.org/a/ids/ijbglo/v32y2022i2-3p322-335.html
   My bibliography  Save this article

Corporate social responsibility and financial performance in selected companies of India: an event study approach

Author

Listed:
  • Neena Sinha
  • Miklesh Prasad Yadav
  • Timcy Sachdeva

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.

Suggested Citation

  • Neena Sinha & Miklesh Prasad Yadav & Timcy Sachdeva, 2022. "Corporate social responsibility and financial performance in selected companies of India: an event study approach," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 32(2/3), pages 322-335.
    • Handle: RePEc:ids:ijbglo:v:32:y:2022:i:2/3:p:322-335
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=127372
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbglo:v:32:y:2022:i:2/3:p:322-335. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=245 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.