The Link between Corporate Social Responsibility (CSR) Activities and Overall Financial Results

Authors

  •   Leena Lassi Assistant Professor SNJB's Late Sau. K. B. J. College of Engineering, MBA Department, Neminagar, Chandwad, Nashik-423101 & Research Student, MGV's IMR Panchvati Nashik-422003
  •   Riya Rizwani Alumni SNJB's Late Sau. K. B. J. College of Engineering, MBA Department, Neminagar, Chandwad, Nashik-423101

DOI:

https://doi.org/10.17697/ibmrd/2026/v15i1/174513

Keywords:

CSR, Financial performance, Stakeholder engagement, Barriers, sustainable business practices, Economy, society.

Abstract

This study's goal is to investigate the connection between financial performance and corporate social responsibility (CSR) activities, the part stakeholder involvement plays in this relationship, and potential obstacles to successful CSR implementation. Examining the possible benefits or drawbacks of corporate social responsibility (CSR) initiatives on financial performance, determining how businesses can implement CSR Initiatives that could affect financial performance, assessing the part stakeholder engagement plays in the relationship between CSR and financial performance, and identifying potential obstacles to successful CSR implementation and their effects on financial performance are the specific goals of this study. Businesses, legislators, and other stakeholders interested in promoting environmentally friendly business practices that benefit the economy and society will benefit from the findings of this study.

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Published

2026-03-01

How to Cite

Lassi, L., & Rizwani, R. (2026). The Link between Corporate Social Responsibility (CSR) Activities and Overall Financial Results. IBMRD’s Journal of Management & Research, 15(1), 81–87. https://doi.org/10.17697/ibmrd/2026/v15i1/174513

Issue

Section

Articles

References

• Maiti, M., Datta, S., & Mukherjee, D. (2021). Corporate social responsibility and financial performance: Evidence from India. Corporate Social Responsibility and Environmental Management, 28(2), 478-489.

• Siringoringo, H. &Utomo, W. (2021). Corporate social responsibility and financial performance: The moderating role of reputational risk. Management Science Letters, 11 (7), 1655-1664.

• Arjoon, S. &Fakhri, M. (2020). Corporate social responsibility and financial performance: evidence from the hospitality industry. Journal of Sustainable Tourism, 28(11), 1795-1813.

• Ghazali, N.A. M.&Weetman, P. (2020). CSR disclosure and financial performance: Evidence from Malaysia. Journal of Applied Accounting Research, 21 (2), 237-258.

• Yahya, M. A., Ahmad, A. C., & Said, J. (2020). Corporate social responsibility and financial performance: Evidence from the banking sector. Journal of Islamic Accounting and Business Research, 11 (4), 558-573.

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