Corporate Social Responsibility Reporting in India: Exploring Linkages with Firm Performance

Nag, Tirthankar; Bhattacharyya, Asish K.

doi:10.1177/0972150916653032

Cited by 30 publications

(24 citation statements)

References 37 publications

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“…Some studies underpin either no or negative relationship between two constructs (Nag & Bhattacharyya, 2016;Lioui & Sharma, 2012;Gilley et al, 2000), thereby providing evidence for neo classical agency theory proposed by Friedman (1970). It regards corporate managers as agents and must work in the best concern of shareholders.…”

Section: Review Of Literature and Hypotheses Developmentmentioning

confidence: 99%

Impact of Environmental Performance on Financial Performance: Empirical Evidence from Indian Banking Sector

Munjal

Malarvizhi²

2021

JTMGE

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There has been long-standing debate over whether or not firms gain economic competiveness from reducing their impact on the environment. Although ample literature is available on association between environmental performance and financial performance across various sectors, little empirical evidence is available in context of Indian banking sector. This research aims to analyze whether there is any significant relationship between environmental performance and financial performance of banks operating in India for a period 2013-14 to 2017-18. Secondary data has been collected for a sample of 83 banks operating in India. Content analysis was applied to extract information about environmental performance disclosed by sample banks followedby construction of environmental disclosure score index. Hierarchical multiple regression was applied to analyze relationship between environmental performance and financial performance after controlling for effects of size, financial leverage and capital intensity. Results exhibit no significant relationship between environmental performance and financial performance of banks operating in India. Findings of this research are expected to provide insight to users and readers of financial statements to have better understanding about the environmental practices carried out by banks. It would also contribute significantly towards decision making for policy makers in Indian banking sector to establish mandatory environmental legislations for reporting on environmental practices in order to improve non financial disclosure and financial performance in Indian banking sector.

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Section: Review Of Literature and Hypotheses Developmentmentioning

confidence: 99%

Impact of Environmental Performance on Financial Performance: Empirical Evidence from Indian Banking Sector

Munjal

Malarvizhi²

2021

JTMGE

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“…Researchers over the years have studied the association between these communication and critical outcomes, such as firm performance (Nag and Bhattacharyya, 2016), financial performance (Yin and Wang, 2018), corporate image (Blanc et al , 2019) and firm visibility and value (Hassan, 2018). More than the outcomes, shareholders expect the managers to be accountable for the environmental behavior of their companies (de Villiers and van Staden, 2010), thus overall establishing the fundamental nature of the environmental communication to an organization.…”

Section: Literature Reviewmentioning

confidence: 99%

Corporate environmental communication: a closer look at the initiatives from leading manufacturing and IT organizations in India

Ramya

Shereen

Baral

2020

SRJ

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Purpose This paper aims to investigate the level of environmental communication and the predominant themes of environmental initiatives and technologies used in India. Design/methodology/approach In this exploratory study, a manual content analysis was conducted using print and website data related to corporate environmental communication of 60 Indian companies listed in the Bombay Stock Exchange, representing the top thirty from manufacturing and information technology (IT) sector each. Findings The authors classified the level of importance based on seven attributes, distinguished between hard and soft disclosure and identified the prevalent environmental practices and technologies in each sector. The authors found that the environmental communication of the IT sector is technology-based than the manufacturing sector, but both are weak in acknowledging climate change. Practical implications Managers, across the two sectors, can make their organizations environmentally responsible by learning and applying the current practices/technologies and reap benefits by mimetic isomorphism or create competitive advantage. Originality/value Building on the theoretical and practical works in corporate sustainability and corporate social responsibility communication literature, the authors contribute to the stakeholder theory and voluntary disclosure theory. The findings of the study provide the much-needed base for future research that links the engineering and management community to take the scholarship further to prevent the climate crisis.

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“…Many of the studies initially focused on CSR antecedents, movin on, scholars e amined the related outcomes while more recently, the focus has shifted to processes involvin CSR within or anizations an et al, 2016). A lar e number of scholars focused on the in uence of CSR on variables such as nancial performance Orlitzky et al 2003an et al 2015Ta hian et al 2015Ni et al 2015Na and hattacharyya, 2016, client or employee perception Reklitis et al 2018Anadol et al 2015, rm s reputation, innovation and learnin , access to capital, risk reduction, productivity increase etc.…”

Section: Literature Reviewmentioning

confidence: 99%

CSR activity configuration and the prioritizing of stakeholder claims: A multi-firm, multi-sector study

Hyz

Sahinidis

2018

ceref

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The purpose of this study is to identify the patterns of Corporate Social Responsibility (CSR) activities, in adverse economic circumstances, so as to understand the importance ascribed by the companies to each of their stakeholders. Prior research on stakeholder salience has looked into various issues related to the relative attention given to corporate stakeholders by management, however, none has examined what this relationship looks like following a prolonged economic crisis. We investigate the activities of CSR in Greece, examining how companies spend their CSR resources in a depressed economy, studying the respective activity patterns of the companies listed on the Athens Stock Exchange (ASE). Content analysis is used, thoroughly examining all public data available on the internet from 175 companies. The study includes data reported in 2014, collected at the end of 2015. Our results demonstrate that, the most popular CSR activities related to the human resources and the least practiced were the society and environment related ones. The findings show concern for the employees of the companies and their morale, superseding the interest for the other stakeholder categories in spite of the crisis and the soaring unemployment rate. Moreover, a significant divergence emerged between the CSR programs of the various industries. This indicates that for reasons unbeknownst to us, companies are placing less emphasis on consumers, environment and the society and tend to cater to the needs of their internal constituents.

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Corporate Social Responsibility Reporting in India: Exploring Linkages with Firm Performance

Cited by 30 publications

References 37 publications

Impact of Environmental Performance on Financial Performance: Empirical Evidence from Indian Banking Sector

Impact of Environmental Performance on Financial Performance: Empirical Evidence from Indian Banking Sector

Corporate environmental communication: a closer look at the initiatives from leading manufacturing and IT organizations in India

CSR activity configuration and the prioritizing of stakeholder claims: A multi-firm, multi-sector study

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