Abstract:

Corporate Social Responsibility has multiple facets and has been practiced and implemented for several years in the Indian context. The new companies Act India, formulated in 2014 includes mandatory expenditure requirement on Corporate Social Responsibility. This is designed to encourage firms to contribute towards some of the most critical societal needs. This paper attempts to assess the type and strength of the bi-directional relationship between corporate social performance and corporate financial performance in the Indian context by looking at the Top 141 Indian companies across 15 industries over the years 2013, 2014 and 2015.