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Factors Explaining Corporate Social Responsibility Expenditure in India


  • Shachi Rai
  • Sangeeta Bansal


The passage of the CSR clause in the Companies Act, 2013 has been a landmark decision. This article tries to understand the reasons that determine the CSR expenditure by firms before the implementation of the law through a cross section study. The study finds that industry types and environmental factors determine the CSR expenditure by firms and also explains the endogenous relationship between CSR expenditure and profitability which had remained unexplored for Indian firms.

Suggested Citation

  • Shachi Rai & Sangeeta Bansal, 2015. "Factors Explaining Corporate Social Responsibility Expenditure in India," Review of Market Integration, India Development Foundation, vol. 7(1), pages 37-61, April.
  • Handle: RePEc:sae:revmar:v:7:y:2015:i:1:p:37-61

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    CSR expenditure; Endogeneity; 3 SLS; Companies Act;


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