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The Impact of CSR on Firms’ Financial Performance – A Literature Review
Current Issue
Volume 4, 2016
Issue 4 (August)
Pages: 66-74   |   Vol. 4, No. 4, August 2016   |   Follow on         
Paper in PDF Downloads: 678   Since Jul. 19, 2016 Views: 3505   Since Jul. 19, 2016
Authors
[1]
Lakshmi Das, Department of Commerce, University of Kalyani, West Bengal, India.
[2]
Amalendu Bhunia, Department of Commerce, University of Kalyani, West Bengal, India.
Abstract
This paper observes the various related literature in India and abroad along with the findings and suggestions made by diverse researchers regarding how financial performances are affected by the corporate social responsibility. In India, corporate social responsibility has been made mandatory by the Companies Act, 2013 and as a result, the Indian companies have started spending for this purpose. Central public sector enterprises of India have played a key role regarding corporate social responsibility for the development of the nation, in which, they have published a set of separate guidelines for central public sector undertakings on 12 April, 2013 that was later superseded by another set of guidelines dated 21 October, 2014. It has been observed that the findings have been divided into three groups across the globe, that is, corporate social responsibility has either a positive impact or a negative impact or no impact on firms’ financial performance.
Keywords
Corporate Social Responsibility, Financial Performance, Literature Review, Foreign Countries, India
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