Uniformity and Financial Implications Of Corporate Social Responsibility In Indian Mining PSUs

Authors

  • Meenu Maheshwari Associate Professor Department of Commerce and Management University of Kota, Kota
  • Dr. Ashok Kumar Gupta Principal Government Arts Girls College Kota
  • Pragya Gaur Senior Research Fellow Department of Commerce and Management University of Kota, Kota

DOI:

https://doi.org/10.33516/maj.v58i3.85-88p

Keywords:

No Keywords

Abstract

This study intends to analyze and compare the CSR performance of the top seven Indian mining PSUs from 2014-15 to 2020-21 and determining its impact on the financial performance of the companies. The relevant hypotheses have been developed and tested through one-way ANOVA and linear regression analysis. The results demonstrated no significant difference in CSR approach towards expenditure of each mining company over the years while they differ significantly from one another. Moreover, CSR has been found significantly impacting all the considered variables of CPF except return on net worth (RONW) underlining that CSR should be taken care of effectively and efficiently to ensure long-term financial benefit.

Downloads

Download data is not yet available.

Published

2023-03-30

How to Cite

Maheshwari, M., Kumar Gupta, D. A., & Gaur, P. (2023). Uniformity and Financial Implications Of Corporate Social Responsibility In Indian Mining PSUs. The Management Accountant Journal, 58(3), 85–88. https://doi.org/10.33516/maj.v58i3.85-88p

References

Cowell, S. J., Wehrmeyer, W., Argust, P. W., & Robertson, J. G. S. (1999). Sustainability and the primary extraction industries: theories and practice. Resources policy, 25(4), 277-286.

Das, S. C., & Ram, P. (2012). Corporate Social Responsibility Practices in Indian Mining Industry: An Exploratory Study. Strategic Corporate Social Responsibility-Towards a Sustainable Business. Corporate Social Responsibility Practices in Indian Mining Industry: An Exploratory Study.

Guerra, M.C.G. (2002). Community Relations in Mineral Development Projects. The CEPMLP Internet Journal, 11, 1-31.

Hirigoyen, G., & Poulain-Rehm, T. (2014). Relationships between corporate social responsibility and financial performance: What is the causality?. Journal of Business and Management, 4(1), 18-43.

Iwata, H., & Okada, K. (2011). How does environmental performance affect financial performance? Evidence from Japanese manufacturing firms. Ecological Economics, 70(9), 1691-1700.

Jenkins, H., & Obara, L. (2006, September). Corporate Social Responsibility (CSR) in the mining industry–the risk of community dependency. In Corporate Responsibility Research Conference, Dublin (pp. 4-5).

Mahoney, L. S., & Roberts, R. W. (2004). Corporate social performance: Empirical evidence on Canadian firms. Research on Professional Responsibility and Ethics in Accounting, 9, 73–99.

Makni, R., Francoeur, C., & Bellavance, F. (2009). Causality between Corporate Social Performance and Financial Performance: Evidence from Canadian firms. Journal of Business Ethics, 89(3), 409–422.

Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organization Studies, 24(3), 403–441.

Pan, X., Sha, J., Zhang, H., & Ke, W. (2014). Relationship between corporate social responsibility and financial performance in the mineral Industry: Evidence from Chinese mineral firms. Sustainability, 6(7), 4077-4101.

Pons, A., Vintro, C., Rius, J., & Vilaplana, J. (2021). Impact of Corporate Social Responsibility in mining industries. Resources Policy, 72, 102117.

Vintró, C., & Comajuncosa, J. (2010). Corporate social responsibility in the mining industry: criteria and indicators. Dyna, 77(161), 31-41.

Warhurst, A. (2001). Corporate citizenship and corporate social investment: drivers of tri-sector partnerships. Journal of corporate citizenship, (1), 57-73.

Zamroni, A., Putri, W. E. C., & Sagala, S. T. (2022). Evaluation of Corporate Social Responsibility programs for local communities around mining companies in Kalimantan, Indonesia: environmental, economic, and social perspectives. Sustinere: Journal of Environment and Sustainability, 6(1), 66–78.

Most read articles by the same author(s)

1 2 > >> 

Similar Articles

<< < 25 26 27 28 29 30 31 32 33 34 > >> 

You may also start an advanced similarity search for this article.