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Factors Explaining Corporate Social Responsibility Expenditure in India

Author

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  • Shachi Rai
  • Sangeeta Bansal

Abstract

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
    DOI: 10.1177/0974929215611578
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    References listed on IDEAS

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    Cited by:

    1. Raiswa Saha & Shashi & Roberto Cerchione & Rajwinder Singh & Richa Dahiya, 2020. "Effect of ethical leadership and corporate social responsibility on firm performance: A systematic review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 409-429, March.
    2. Shafat Maqbool, 2019. "Does corporate social responsibility lead to superior financial performance? Evidence from BSE 100 index," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 46(3), pages 219-231, September.
    3. P. Kavitha, 2019. "Trends and Patterns of Corporate Social Responsibility Expenditure: A Study of Manufacturing Firms in India," Working Papers id:12995, eSocialSciences.

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