Empirical Analysis Of Csr Expenditure: A Case Study Of Some Selected Companies In India

Abstract

This is an empirical study concerning to capital market in India. Indian businesses need to give due recognition to social and environmental performance along with financial performance. Companies Act 2013 and Section 135 was introduced before some years ago. India was one of the first few countries across the world to mandate CSR. Due to this CSR has become a regulatory requirement which was earlier a voluntary effort by   Corporates.This paperanalyses the CSR spending of top 100 listed companies as per market capitalization on the National Stock Exchange (NSE). The paper further explores the thematic areas of CSR spending, availability of CSR information and the corporate compliance to the requirements of Companies Act 2013.