IDEAS home Printed from https://ideas.repec.org/a/ids/ijbget/v16y2022i1p88-105.html
   My bibliography  Save this article

Impact of corporate social responsibility on financial performance of energy firms in India

Author

Listed:
  • Akanksha Shukla
  • Geetika

Abstract

Corporate social responsibility (CSR) is the obligation of firms towards society in which they exist. The research studies the relationship between the expenditure made on social responsibility activities and the profitability of the energy firms, which are highly polluting in nature. The study also examines the mediating effect of disclosure of CSR activities on the relationship between the two. The study is based on secondary data collected from the annual reports of 38 energy firms listed on Bombay Stock Exchange for the time period from 2010-2011 to 2016-2017. The mediating effect is tested using Preacher and Hayes (2004) approach through process macro of SPSS. The study found a positive and significant relationship between expenditure made on social responsibility activities and financial performance of the firms. The research also demonstrate that the disclosure of CSR activities partially mediate the relationship.

Suggested Citation

  • Akanksha Shukla & Geetika, 2022. "Impact of corporate social responsibility on financial performance of energy firms in India," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 16(1), pages 88-105.
    • Handle: RePEc:ids:ijbget:v:16:y:2022:i:1:p:88-105
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=119356
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Suchismita Ghosh & Ritu Pareek & Tarak Nath Sahu, 2023. "U‐shaped relationship between environmental performance and financial performance of non‐financial companies: An empirical assessment," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1805-1815, July.
    2. José Manuel Maside‐Sanfiz & Óscar Suárez Fernández & María‐Celia López‐Penabad & Mohammad Omar Alzghoul, 2024. "Does corporate social performance improve environmentally adjusted efficiency? Evidence from the energy sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1510-1530, May.
    3. Nikolai I. Berzon & Maksim M. Novikov & Elena L. Pozharskaya & Yulia I. Bakhturina, 2022. "Monitoring the Modern Experience of Financial Risk Management in Russia Based on Corporate Social Responsibility for Sustainable Development," Risks, MDPI, vol. 10(5), pages 1-16, April.

    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:ids:ijbget:v:16:y:2022:i:1:p:88-105. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=70 .

    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.