Corporate social responsibility and financial performance: Do group affiliation and mandatory corporate social responsibility norms matter?

IF 1.7 Q3 MANAGEMENT IIMB Management Review Pub Date : 2024-09-01 DOI:10.1016/j.iimb.2024.06.003

引用次数: 0

Abstract

This study examines the impact of corporate social responsibility (CSR) expenditure on the corporate performance of listed firms in India. It tries to explore the effect of business group affiliation and mandatory CSR norm on the CSR-performance relationship. The study period ranges from 2016 to 2021, and the data set comprises companies listed on the National Stock Exchange India. It employs a dynamic panel data model, and more specifically the system generalised method of moments technique to examine this issue. The results reveal a significant and positive association between CSR expenditure and corporate performance. It also shows that business group affiliation reduces CSR-performance sensitivity. Further, we find that mandatory CSR norms significantly influence the CSR-performance relationship.

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企业社会责任与财务业绩：集团隶属关系和强制性企业社会责任规范重要吗？

本研究探讨了企业社会责任（CSR）支出对印度上市公司企业绩效的影响。研究试图探讨企业集团从属关系和强制性企业社会责任规范对企业社会责任-绩效关系的影响。研究期间为 2016 年至 2021 年，数据集包括在印度国家证券交易所上市的公司。研究采用了动态面板数据模型，特别是系统广义矩法技术来研究这一问题。研究结果表明，企业社会责任支出与公司业绩之间存在明显的正相关关系。研究还表明，企业集团从属关系降低了企业社会责任绩效敏感性。此外，我们还发现强制性企业社会责任规范对企业社会责任-绩效关系有显著影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

IIMB Management Review MANAGEMENT-

CiteScore

3.20

自引率

5.90%

发文量

审稿时长

68 days

期刊介绍： IIMB Management Review (IMR) is a quarterly journal brought out by the Indian Institute of Management Bangalore. Addressed to management practitioners, researchers and academics, IMR aims to engage rigorously with practices, concepts and ideas in the field of management, with an emphasis on providing managerial insights, in a reader friendly format. To this end IMR invites manuscripts that provide novel managerial insights in any of the core business functions. The manuscript should be rigorous, that is, the findings should be supported by either empirical data or a well-justified theoretical model, and well written. While these two requirements are necessary for acceptance, they do not guarantee acceptance. The sole criterion for publication is contribution to the extant management literature.Although all manuscripts are welcome, our special emphasis is on papers that focus on emerging economies throughout the world. Such papers may either improve our understanding of markets in such economies through novel analyses or build models by taking into account the special characteristics of such economies to provide guidance to managers.

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