To Investigate the Relationship Between Csr of Companies and Their Market Valuation (Equity Valuation): Northern India

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:15/ Issue: 3) DOI: 10.29070/JASRAE
Authors: Amit Mittal*, Namrata Sandhu,
Subjects: Multidisciplinary Academic Research

Year: May, 2018
Volume: 15 / Issue: 3
Pages: 120 - 127 (8)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI: 10.29070/15/57254
Published URL: http://ipublisher.in/p/57254
Published On: May, 2018

Article Details

To Investigate the Relationship between CSR of Companies and Their Market Valuation (Equity Valuation): Northern India | Original Article

Amit Mittal*, Namrata Sandhu, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

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ABSTRACT:

Corporate Social Responsibility (CSR) has been widely studied in the past with little success on direct impact on firm’s valuation. The following research investigates the relationship between CSR of companies and their market value a case study of 20 large size companies in Northern India that are listed in National Securities Exchange (NSE). The research uses secondary data for primary analysis and applies MS Excel to analyze data. The data was collected from annual company reports and NSE website for the past 5 years. The research used CSR spending and market cap to investigate the relationship in CSR of companies and market value. The research found that CSR spending and stock valuation is positively related. The concluded that firm valuation can be increased by increasing CSR activities. The research recommends that all companies should adopt a CSR in order to increase the company market value.