Restricted access | Chapter | First published July 10, 2026 | Part of Sustainable Value Creation: Integrating Marketing and Finance for SDG Achievement

4. A STUDY OF CORPORATE SOCIAL RESPONSIBILITY OF SELECT INDIAN COMPANIES

Sustainable Value Creation: Integrating Marketing and Finance for SDG Achievement  |  https://doi.org/https://doi.org/10.67103/IRG.SVC.2026.9788168516441.4

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Abstract

The study examines the impact of CSR initiatives on the financial performance of select
Indian companies, comprising 79 manufacturing firms from the NIFTY 200 index, from 2014 to
2025. Regression analysis was used to evaluate the relationships among CSR indicators,
Capital expenditure, and financial performance, while controlling for firm size. The results
indicate that CSR indicators and capital expenditure do not significantly impact the financial
performance. However, firm size shows a significant positive relationship with financial
performance. Further, the analysis reveals no significant trend in financial performance over
the study period. The study concludes that CSR initiatives and capital expenditure should be
treated as long-term strategic investments rather than as immediate drivers of financial
performance.
Keywords

Corporate Social Responsibility Financial performance Manufacturing sector Companies Act 2013 India

Chapter information

Chapter title A STUDY OF CORPORATE SOCIAL RESPONSIBILITY OF SELECT INDIAN COMPANIES
Author(s) Tanvi Rawat, Dr. Mohammed Rashid | Sharda School of Business Studies Sharda University, Greater Noida
Book title Sustainable Value Creation: Integrating Marketing and Finance for SDG Achievement
Book Doi https://doi.org/10.67103/IRG.SVC.2026.9788168516441
DOI https://doi.org/https://doi.org/10.67103/IRG.SVC.2026.9788168516441.4
Publication date July 10, 2026
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How to cite

Tanvi Rawat, Dr. Mohammed Rashid | Sharda School of Business Studies Sharda University, Greater Noida. 2026. A STUDY OF CORPORATE SOCIAL RESPONSIBILITY OF SELECT INDIAN COMPANIES. In: Sustainable Value Creation: Integrating Marketing and Finance for SDG Achievement. Book Doi https://doi.org/10.67103/IRG.SVC.2026.9788168516441. https://doi.org/https://doi.org/10.67103/IRG.SVC.2026.9788168516441.4

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