Corporate social responsibility and firm market performance: A study of Indian listed companies

Bird, R; Duppati, G; Mukherjee, A

Corporate social responsibility and firm market performance: A study of Indian listed companies

Bird, R

Duppati, G Mukherjee, A

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Publication Type:: Journal Article
Citation:: International Journal of Business Governance and Ethics, 2016, 11 (1), pp. 68 - 88
Issue Date:: 2016-01-01

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Field	Value	Language
dc.contributor.author	Bird, R https://orcid.org/0000-0003-0524-9377	en_US
dc.contributor.author	Duppati, G	en_US
dc.contributor.author	Mukherjee, A	en_US
dc.date.issued	2016-01-01	en_US
dc.identifier.citation	International Journal of Business Governance and Ethics, 2016, 11 (1), pp. 68 - 88	en_US
dc.identifier.issn	1477-9048	en_US
dc.identifier.uri	http://hdl.handle.net/10453/118433
dc.description.abstract	Copyright © 2016 Inderscience Enterprises Ltd. This paper uses the flow of information relating to the introduction of mandatory CSR expenditure in India as the vehicle to measure investor perceptions of the impact of such spending on company profitability. We use both event study and regression analysis methodology and find that when mandatory CSR spending was first mooted in mid-2008, investors started out with the expectation that more CSR expenditure would increase future corporate profitability. However, by the time that the legislation was passed in August 2012, these expectations had changed to where they expected the opposite to hold.	en_US
dc.relation.ispartof	International Journal of Business Governance and Ethics	en_US
dc.relation.isbasedon	10.1504/IJBGE.2016.076351	en_US
dc.subject.classification	Applied Ethics	en_US
dc.title	Corporate social responsibility and firm market performance: A study of Indian listed companies	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	11	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.issue	1	en_US
pubs.publication-status	Published	en_US
pubs.volume	11	en_US

Abstract:

Copyright © 2016 Inderscience Enterprises Ltd. This paper uses the flow of information relating to the introduction of mandatory CSR expenditure in India as the vehicle to measure investor perceptions of the impact of such spending on company profitability. We use both event study and regression analysis methodology and find that when mandatory CSR spending was first mooted in mid-2008, investors started out with the expectation that more CSR expenditure would increase future corporate profitability. However, by the time that the legislation was passed in August 2012, these expectations had changed to where they expected the opposite to hold.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/118433