Correlation between Corporate Social Performance and Corporate Financial Performance: Evidence from Indian Companies

Abstract

This study examines the relationship between Corporate Social Performance and Corporate Financial Performance in Indian firms. This study proposes to examine the various dimensions of relationship between corporate social performance and corporate financial performance in India. The Corporate Social Performance variables such as Employee, Environment, Community, Size and Salary and Wages and variables like ROA, ROE, ROS, ROCE, EPS and Sales for Corporate Financial Performance, were identified and used in the study. It was found from the analysis that there was significant and positive relationship among CSP and CFP sample variables, used in the study.

Keywords: Corporate Social Performance, Corporate Financial Performance

JEL Classification: M14, G3