Impact of CSR on Value of Firm: A Review of Literature
Keywords:
Positive relationship, researches and literature, social responsibility, Companies Act 2013Abstract
The corporate social responsibility is not a new concept in India as it is compulsory for specified companies under section 135 of the Companies Act 2013. The value of firm is determined from various aspects. Here various authors have mainly considered financial performance, market price and in some cases non-financial performance of the company for considering the value of firm. There have been a lot of researches and literature have been done in India and outside India as well to establish the relationship between the CSR and. Value of firm based on various aspects and industries. Here. We’re trying to analyse the work done by researchers. We have taken 30 researchers Work both in and outside of India who has done research and found either positive, negative, or neutral relationship between the two. By analysing the sample we have come to a conclusion that majority of the researchers have found Positive relationship between CSR and value of firm.
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