IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-12-00402.html
   My bibliography  Save this article

Association between corporate social responsibility and firm financial performance: empirical evidence from bombay stock exchange

Author

Listed:
  • Amalendu Bhunia

    (Fakir Chand College under University of Calcutta)

Abstract

This paper examines the association between corporate social responsibility and firm financial performance for the period from 2008 to 2011. Corporate social responsibility is of crucial importance for the evaluation of firms financial because corporate social responsibility is the action strategy of a firm and might affect the firm financial performance. This study is based on secondary data obtained from the annual (sustainable) report of firms listed in sensex of Bombay stock exchange and various databases including yahoo finance database. In the course of analysis, descriptive statistics and regression statistics of Hausman test model has been designed. The results show that the CSR activities conducted by firms are still relatively low. Furthermore, the panel data estimation suggests that CSR has the positive effect on the firm financial performance. The results also indicate that the financial crisis in 2008 reduced the positive effect of the CSR on the firm financial performance.

Suggested Citation

  • Amalendu Bhunia, 2012. "Association between corporate social responsibility and firm financial performance: empirical evidence from bombay stock exchange," Economics Bulletin, AccessEcon, vol. 32(2), pages 1-20.
    • Handle: RePEc:ebl:ecbull:eb-12-00402
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/pubs/EB/2012/Volume32/EB-12-V32-I2-A20.pdf
    Download Restriction: no
    ---><---

    Citations

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


    Cited by:

    1. Jorge Alejandro Silva, 2024. "Corporate Social Responsibility (CSR) and Sustainability in Water Supply: A Systematic Review," Sustainability, MDPI, vol. 16(8), pages 1-29, April.
    2. Xiping Pan & Jinghua Sha & Hongliang Zhang & Wenlan Ke, 2014. "Relationship between Corporate Social Responsibility and Financial Performance in the Mineral Industry: Evidence from Chinese Mineral Firms," Sustainability, MDPI, vol. 6(7), pages 1-25, June.

    More about this item

    Keywords

    Corporate social responsibility; firm financial performance; financial crisis; panel data analysis; Hausman model; Bombay stock exchange;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    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:ebl:ecbull:eb-12-00402. 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: John P. Conley (email available below). General contact details of provider: .

    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.