Relationship between Corporate Social Performance, Corporate Financial Performance and Financial Risk in Indian Firms
International Journal of Recent Technology and Engineering, Vol.8, Issue. 3S3, 2019
3 Pages Posted: 4 Sep 2020
Date Written: November 1, 2019
Abstract
This study examines the relationship between Corporate Social Performance and Corporate Financial Performance and Financial Risk of BSE top 10 companies in India. The variables of Corporate Social Performance and Financial Performance and Financial Risk were used in this study. There was positive relationship between Corporate Social Performance, Corporate Financial Performance and Financial Risk, at Bajaj Finance Ltd, Reliance Industries Ltd, Bajaj Auto Ltd, State Bank of India, Hindustan Unilever Ltd, Asian Paints Ltd and Bharathi Airtel Ltd. The novelty of the study is that the analysis of this study focuses on CSP, CFP and Financial Risk in respect of Indian firms.
Keywords: Corporate Social Performance, Corporate Financial Performance, Corporate Social Responsibility and Financial Risk
JEL Classification: M14, G32
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