Thesis on csr and financial performance
Phd thesis on corporate social responsibility
To identify the factors under each dimension, a review was carried out of frameworks used in surveys conducted in India. There will be variation in the performance of various organizations. Correlation and regression between CSR, its dimension and ROI were analysed and indicated a positive relationship, but values were found to be negligible. Operational - 16 - dimension of CSR also showed negative correlation with sales turnover. In case of environmental dimension of primary sector and total CSR some for tertiary sector results are substantial. CSR definitions further vary across continents, nations and societies. The arguments offered against CSR are that businesses are owned by their shareholders - any money they spend on so-called social responsibility is effectively theft from those shareholders who can, after all, decide for themselves if they want to give to charity and the leading companies who report on their social responsibility are basket cases - the most effective business leaders don't waste time with this stuff. Being socially responsible does not appear to increase investor rate of return, nor does it show that being socially involved is dysfunctional for the investor. In India, the origin of the concept can be found in Vedic literature, Upanishads and recently in trusteeship. Ethical and economic viewpoints are mutually exclusive and do not overlap conceptually. Purposes served by measures should be able to help not only in looking back but also ahead in the future, be able to motivate, compensate, help on rolling up on performance from bottom up, cascade down from top to bottom and finally compare performance across organization. Sales turnover was found to be better correlated with social dimension of CSR in primary sector 0.
Performance could be defined by three dimensions i. This paper researches past studies on the relationship between corporate social responsibility and financial performance. The Economic dimension comprises of 6 factors.
Ethical and economic viewpoints are mutually exclusive and do not overlap conceptually. The results are consistent with past studies and support the hypotheses.
Sales turnover was found to be better correlated with social dimension of CSR in primary sector 0. The standard error of estimate is above 0.
Although Indian companies have taken initiatives in CSR but as they do not have endless supply of resources and are still in growth stage they need to harness their core competencies.
The benefits of CSR are improved reputation management; better identification and risk management; leads to employee satisfaction and boost their morale; encourages consistent Innovation and learning to improve processes and products; allowing easier access to capital; results in improved overall financial performance.
Researchers on corporate social responsibility and financial performance have traditionally focused on three hypotheses. In case of environmental dimension of primary sector and total CSR some for tertiary sector results are substantial. Financial variables are objective whereas non-financial variables are subjective in nature.
based on 73 review