IDEAS home Printed from https://ideas.repec.org/a/dbs/ijabfi/v1y2022i2p11-18id35.html
   My bibliography  Save this article

The impact of corporate social responsibility on financial performance – Infosys way

Author

Listed:
  • Shailesh N. Ransariya
  • Sanjay J. Bhayani

Abstract

The current study sought to examine the effect of Corporate Social Responsibility (CSR) on the financial performance of Infosys Ltd over five years spanning 2016-17 to 2020-21. To assess financial performance, we employ various profitability and liquidity ratios. The findings show that CSR has a high positive impact on Return on Capital Employed and a high negative impact on Return on Net Worth, Operating Profit, Net Profit, Current Ratio, and Liquid Ratio. In conclusion, CSR had no significant impact on Infosys Ltd.'s financial performance during the study period.

Suggested Citation

  • Shailesh N. Ransariya & Sanjay J. Bhayani, 2022. "The impact of corporate social responsibility on financial performance – Infosys way," International Journal of Accounting, Business and Finance, Indian Accounting Association, Patna Branch, vol. 1(2), pages 11-18.
    • Handle: RePEc:dbs:ijabfi:v:1:y:2022:i:2:p:11-18:id:35
    as

    Download full text from publisher

    File URL: https://www.ijabf.in/index.php/IJABF/article/view/35
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mark Anthony Camilleri, 2017. "Case Study 4: Corporate Sustainability and Responsibility: Creating Value in Business and Education," Springer Books, in: Corporate Sustainability, Social Responsibility and Environmental Management, chapter 0, pages 161-173, Springer.
    2. Mark Anthony Camilleri, 2017. "Corporate sustainability and responsibility: creating value for business, society and the environment," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 2(1), pages 59-74, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dharen Kumar Pandey, 2022. "Exploring the Intersection of Industry, Policy, and Performance: Insights from the June 2022 Issue," International Journal of Accounting, Business and Finance, Indian Accounting Association, Patna Branch, vol. 1(2), pages 1-1.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chie Iguchi & Axèle Giroud & Shasha Zhao & Si Zhang, 2025. "International Business and Sustainable Development in Asia: Opportunities and Challenges for Firms and Countries," Asian Business & Management, Palgrave Macmillan, vol. 24(1), pages 1-24, February.
    2. Zhongjuan Sun & Jialin Feng & Yikai Yuan & Jiamu Sun, 2025. "How does parent firms' ESG disclosure affect overseas subsidiary financial performance? The case of Chinese multinationals," Asian Business & Management, Palgrave Macmillan, vol. 24(1), pages 128-165, February.
    3. Fangyi Xu & Jihong Wang, 2025. "Harnessing Hybridized Machine Learning Algorithms for Sustainable Smart Production: A Case Study of Solar PV Energy in China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 3214-3264, March.
    4. Olukorede Adewole, 2024. "Translating brand reputation into equity from the stakeholder’s theory: an approach to value creation based on consumer’s perception & interactions," International Journal of Corporate Social Responsibility, Springer, vol. 9(1), pages 1-39, December.
    5. Nwabuike Chetachukwu Benedicta & Harshini Esther, 2025. "The Relationship Between Sustainability Culture and Funding in the Nigerian Power Generation Sector," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(3), pages 5032-5050, March.
    6. Mark Anthony Camilleri, 2020. "Strategic corporate social responsibility in tourism and hospitality," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(3), pages 504-506, May.
    7. Vikraman R & Shulagna Sarkar & Vishnukumar K & Selvarasu A, 2021. "Leading Sustainable CSR Efforts: A Case of Sneha Opportunity School by NLCIL," Indian Journal of Corporate Governance, , vol. 14(1), pages 110-125, June.
    8. Abdullah A. Alakkas & Vivek & Mohinder Paul & Mohammed Kamalun Nabi & Mohammed Arshad Khan, 2022. "Corporate Social Responsibility and Firm-Based Brand Equity: The Moderating Effect of Marketing Communication and Brand Identity," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
    9. Rui Coelho & Shital Jayantilal & Joao J. Ferreira, 2023. "The impact of social responsibility on corporate financial performance: A systematic literature review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1535-1560, July.
    10. Ye Sang & Eunkyoung Han, 2023. "A win‐win way for corporate and stakeholders to achieve sustainable development: Corporate social responsibility value co‐creation scale development and validation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1177-1190, May.
    11. Keke Bai & Farid Ullah & Muhammad Arif & Sahar Erfanian & Saima Urooge, 2023. "Stakeholder-Centered Corporate Governance and Corporate Sustainable Development: Evidence from CSR Practices in the Top Companies by Market Capitalization at Shanghai Stock Exchange of China," Sustainability, MDPI, vol. 15(4), pages 1-25, February.
    12. Cesar Saenz, 2019. "Creating shared value using materiality analysis: Strategies from the mining industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1351-1360, November.
    13. Rendani Mavis Matakanye & Huibrecht Margaretha van der Poll & Binganidzo Muchara, 2021. "Do Companies in Different Industries Respond Differently to Stakeholders’ Pressures When Prioritising Environmental, Social and Governance Sustainability Performance?," Sustainability, MDPI, vol. 13(21), pages 1-22, October.
    14. Khaddage-Soboh, Nada & Yunis, Manal & Imran, Muhammad & Zeb, Faheem, 2024. "Sustainable practices in Malaysian manufacturing: The influence of CSR, transformational leadership, and green organizational culture on environmental performance," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 753-768.
    15. Hua Yu & Muhammad Salman Shabbir & Naveed Ahmad & Antonio Ariza-Montes & Alejandro Vega-Muñoz & Heesup Han & Miklas Scholz & Muhammad Safdar Sial, 2021. "A Contemporary Issue of Micro-Foundation of CSR, Employee Pro-Environmental Behavior, and Environmental Performance toward Energy Saving, Carbon Emission Reduction, and Recycling," IJERPH, MDPI, vol. 18(10), pages 1-15, May.
    16. Tzu-Chiao Hung & Chieh-Yu Lin, 2022. "Key Sustainable Factors of the Pawnbroking Industry: An Empirical Study in Taiwan," Sustainability, MDPI, vol. 14(19), pages 1-12, October.
    17. Nancy Diana Panta, 2018. "Where Does Corporate Social Responsibility Stand In Relation To Sustainability?," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(1), pages 84-93, March.
    18. Noorliza Karia & Ruben Charles Davadas Michael, 2022. "Environmental Practices That Have Positive Impacts on Social Performance: An Empirical Study of Malaysian Firms," Sustainability, MDPI, vol. 14(7), pages 1-17, March.
    19. Anna Jakubczak & Małgorzata Gotowska & Anna Andrzejewska & Aleksandra Tomasiewicz, 2022. "The Use of Team Management Methods to Design Socially Responsible Services—A Case Study," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    20. Despoina Caminis & Victoria Pekka-Economou, 2022. "Human Rights Issues in the Central Core Values of Corporate Sustainability Principles. Evidence from Voluntary Corporate Disclosure," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(3-4), pages 64-77, July-Dece.

    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:dbs:ijabfi:v:1:y:2022:i:2:p:11-18:id:35. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Indian Accounting Association Patna Branch (email available below). General contact details of provider: https://www.ijabf.in/index.php/IJABF/ .

    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.