EXAMINING THE ROLE OF CSR AWARENESS IN ENHANCING FINANCIAL PERFORMANCE IN THE INDIAN POWER SECTOR: A REVIEW
Keywords:
Indian power sector, CSR, CSR Planning, CSR Governance, CSR expenditure, CSR Project Implementation and CSR Reporting and communication.Abstract
A country's economic progress and general welfare are greatly aided by reliable access to power, an essential component of any functional infrastructure. For India's economy to keep growing, progress must be made towards an adequate electrical infrastructure. An important factor in a company's standing in the community is its corporate social responsibility (CSR) level. Research shows that CSR has the potential to boost FP and that FP may benefit CSR. There needs to be more literature on the energy sector and how FP
and CSR relate; this literature mostly concerns other industries. Slack resource theory, which contends that CSR results are caused by financial success, provides the empirical groundwork for this study. This research aims to examine whether or not energy sector firms' financial success influences their adoption of corporate social responsibility practices. The research zeroes in on the correlation between CSR adoption and several financial performance measures.
References
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