Relationship Between Corporate Social Performance, Corporate Financial Performance and Financial Risk in Indian Firms
D. Dhanasekar1, M. Selvam2, P. Amrutha3
1D. Dhanasekar, Ph.D Research Scholar, Department of Management Commerce and Financial Studies, Bharathidasan University, (Tamil Nadu), India.
2Dr. M. Selvam, Dean Professor Head, Department of Management Commerce and Financial Studies, Bharathidasan University, (Tamil Nadu), India.
3P. Amrutha, Ph.D Research Scholar, Department of Management Commerce and Financial Studies, Bharathidasan University, (Tamil Nadu), India.
Manuscript received on 24 November 2019 | Revised Manuscript received on 05 December 2019 | Manuscript Published on 16 December 2019 | PP: 121-128 | Volume-8 Issue-3S3 November 2019 | Retrieval Number: C10411183S319/2019©BEIESP | DOI: 10.35940/ijrte.C1041.1183S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This study examines the relationship between Corporate Social Performance and Corporate Financial Performance and Financial Risk of BSE top 10 companies in India. The variables of Corporate Social Performance and Financial Performance and Financial Risk were used in this study. There was positive relationship between Corporate Social Performance, Corporate Financial Performance and Financial Risk, at Bajaj Finance Ltd, Reliance Industries Ltd, Bajaj Auto Ltd, State Bank of India, Hindustan Unilever Ltd, Asian Paints Ltd and Bharathi Airtel Ltd. The novelty of the study is that the analysis of this study focuses on CSP, CFP and Financial Risk in respect of Indian firms.
Keywords: Corporate Social Performance, Corporate Financial Performance, Corporate Social Responsibility and Financial Risk.
Scope of the Article: Social Sciences