A Study Of Influence On Financial Performance Of Selected Top Listed Indian Companies With Reference To Energy Based Csr Disclosure Practices

In reference to the current scenario of the global economy, a necessary ingredient of corporate strategy is Corporate Social Responsibility. Reporting of non-financial confirmations seems to be an ongoing configuration in most of the world’s top-most companies. In the ecological development of organizations, reporting societal and environmental significances of the company have played a significant role. The corporate social disclosure practices followed by a company are expected to accelerate effectiveness, as the societal forces will incite more monetary transactions.

CSR Disclosures are basically classified into Mandatory and Voluntary practices of disclosure. Firm’s performance and reputation are linked with Voluntary disclosure patterns. Various categories like Environment, Human resource, Community involvement, Energy etc. affect CSR Disclosure which in turn affects the financial performance of the firm which is relevant for the stakeholders of the firm.

This paper makes a humble attempt to study the various corporate characteristics like size and age of the company, sectorial influence and ownership concentration on Energy related CSR disclosure score of the company, which in turn affects the financial performance of the company measured by ROA, ROE and Tobin’s Q of the Company.