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<p>This paper explores the impact of Corporate Social Responsibility (CSR) and Sustainable Development (SD) practices on the economic performance of Indian companies. In the context of resource constraints and growing global concerns about climate change, Indian companies are increasingly integrating CSR and SD into their strategies to balance profitability with societal and environmental responsibilities. The study focuses on the top 10 CSR-contributing Indian companies from 2016 to 17 to 2020–21, examining the relationship between their CSR initiatives and key economic performance indicators: Profit Before Tax (PBT), Market Value (MV), and Total Revenue (TR). A balanced panel dataset of 50 firm-year observations was analyzed using pooled OLS regression. Using descriptive statistics, correlation analysis, and multiple regression models, the study reveals a significant positive correlation between lagged CSR and financial outcomes. Companies that invested in CSR showed improvements in profitability, market valuation, and revenue generation, supporting the hypothesis that CSR positively impacts financial performance. The findings emphasize the importance of CSR and SD as integral parts of a company’s long-term strategy, offering valuable insights for firms seeking to enhance value creation while contributing to sustainable development goals (SDGs). This research contributes to the understanding of the CSR-economic performance nexus in India, highlighting the need for further longitudinal designs and experimental methodologies to establish robust causal inference.</p>

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Corporate social responsibility and sustainable development practices: impact on the economic performance of Indian companies

  • 期刊论文

  • 发表日期：

    2025年12月8日

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  • Oscar Kujur

摘要

This paper explores the impact of Corporate Social Responsibility (CSR) and Sustainable Development (SD) practices on the economic performance of Indian companies. In the context of resource constraints and growing global concerns about climate change, Indian companies are increasingly integrating CSR and SD into their strategies to balance profitability with societal and environmental responsibilities. The study focuses on the top 10 CSR-contributing Indian companies from 2016 to 17 to 2020–21, examining the relationship between their CSR initiatives and key economic performance indicators: Profit Before Tax (PBT), Market Value (MV), and Total Revenue (TR). A balanced panel dataset of 50 firm-year observations was analyzed using pooled OLS regression. Using descriptive statistics, correlation analysis, and multiple regression models, the study reveals a significant positive correlation between lagged CSR and financial outcomes. Companies that invested in CSR showed improvements in profitability, market valuation, and revenue generation, supporting the hypothesis that CSR positively impacts financial performance. The findings emphasize the importance of CSR and SD as integral parts of a company’s long-term strategy, offering valuable insights for firms seeking to enhance value creation while contributing to sustainable development goals (SDGs). This research contributes to the understanding of the CSR-economic performance nexus in India, highlighting the need for further longitudinal designs and experimental methodologies to establish robust causal inference.