Paper Info
Title
Impact Of Csr Activities On Shareholders' Wealth In Indian Companies
Abstract
The main objective of the paper is to analyze the pattern of price to earnings ratios of the companies that are categorized in six different sectors - Fast Moving Consumer Goods, Banking, Software, Pharmaceuticals, Infrastructure and Power & Energy of India with respect to their spending on CSR (Corporate Social Responsibility) activities. The paper examined the relationship between the expenditures those companies included in their Corporate Social Responsibility activities and the change in Price to Earnings ratio (P/E ratio) between the year 2014-2016. The hypothesis was that a higher CSR spend would enhance the companies' goodwill which should reflect in the discounting that they enjoy in the stock market. This is one of the first studies to examine this relationship for the companies that are listed in Indian stock exchanges. It was found that CSR has a significant impact on the shareholder's wealth in Infrastructure and Power & Energy sector. Regression model is used to analyze the data.
Year
DOI
Venue
2018
10.1109/ICACCI.2018.8554711
2018 INTERNATIONAL CONFERENCE ON ADVANCES IN COMPUTING, COMMUNICATIONS AND INFORMATICS (ICACCI)
Keywords
Field
DocType
price to earnings ratio, corporate social responsibility, shareholders' wealth
Accounting,Corporate social responsibility,Earnings,Computer science,Fast-moving consumer goods,Stock exchange,Goodwill,Control engineering,Shareholder,Price–earnings ratio,Stock market
Conference
Citations 
PageRank 
References 
0
0.34
0
Authors
2
Name
Order
Citations
PageRank
Yokeshwar Iyanar100.34
Rajiv Prasad201.35