1Student, M.Com in Accounting and Taxation, Ramaiah University of Applied Sciences, University House, New BEL Rd, M S R Nagar, Mathikere, Bengaluru, Karnataka, 560054
2Assistant Professor, Faculty of Commerce and Managemnet, Ramaiah University of Applied Sciences, University House, New BEL Rd, M S R Nagar, Mathikere, Bengaluru, Karnataka, 560054
The goal of this research is to investigate the various developments of CSR in India and to investigate the implementation of current CSR practises in India. This paper investigates how India's 30 largest corporations view, conduct, and identify the key CSR practises and financial performance. As stated in clause 135, there is still room for giving reasons if a company does not spend the required amount of CSR. Most companies can benefit from this, and they may also use CSR as a tool to increase their profit volume. As a result, it must be investigated. The current paper examines the practices and impact of CSR on profit given by companies in their annual reports & to meet the minimum ground of CSR expenditure. It is also intended to investigate the before-and-after effect of CSR provisions on sales volume, and in this respect, first correlation was sought and then correlation was used. For this study, a sample of 30 mid-cap companies listed on the NSE that are involved in the oil and gas, banking/finance, and automobile industries was chosen. The research is analytical in nature and is based on secondary data. Correlation and regression technique had been used to examine the relationship of CSR spent and the financial parameters like ROE and ROA.
(CSR) Corporate social responsibility, Financial performance, ROE, ROA
