Corporate Social Responsibility (CSR) and Stakeholders Reaction: A Survey on Impact of CSR on Firm Performance in Gujarat

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Dr. Nilam Panchal
Dr. Nilam Panchal
1 Gujarat University

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Corporate Social Responsibility (CSR) and Stakeholders Reaction: A Survey on Impact of CSR on Firm Performance in Gujarat Banner
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CSR has been major component for the welfare of society. This study examines whether corporate social responsibility (CSR) towards primary stakeholders influences the financial and the non-financial performance (NFP) of Indian firms. Data on CSR were collected from 25 senior-level managers including CEOs through questionnaire survey. Hard data on financial performance (FP) of the companies were obtained from secondary sources. A questionnaire for assessing CSR was developed with respect to six stake holder groupsemployees, suppliers, customers, society at large. A compo site measure of CSR was obtained by aggregating the six dimensions. This study aims to obtain information about the impact of CSR activities on performance of an organization. In today’s society, there is a growing interest in, and demand for Corporate Social Responsibility (CSR).

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No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

Dr. Nilam Panchal. 2017. \u201cCorporate Social Responsibility (CSR) and Stakeholders Reaction: A Survey on Impact of CSR on Firm Performance in Gujarat\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 17 (GJMBR Volume 17 Issue B3): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: M14
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v1.2

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July 25, 2017

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English

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CSR has been major component for the welfare of society. This study examines whether corporate social responsibility (CSR) towards primary stakeholders influences the financial and the non-financial performance (NFP) of Indian firms. Data on CSR were collected from 25 senior-level managers including CEOs through questionnaire survey. Hard data on financial performance (FP) of the companies were obtained from secondary sources. A questionnaire for assessing CSR was developed with respect to six stake holder groupsemployees, suppliers, customers, society at large. A compo site measure of CSR was obtained by aggregating the six dimensions. This study aims to obtain information about the impact of CSR activities on performance of an organization. In today’s society, there is a growing interest in, and demand for Corporate Social Responsibility (CSR).

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Corporate Social Responsibility (CSR) and Stakeholders Reaction: A Survey on Impact of CSR on Firm Performance in Gujarat

Dr. Nilam Panchal
Dr. Nilam Panchal Gujarat University

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