IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE OF NON-BANKING FINANCIAL COMPANIES : AN EVIDENCE FROM INDIA

Corporate social responsibility (CSR) refers to a company’s duty to engage in business in a way that supports social welfare initiatives in addition to its primary goal of generating profits. There is a perception that financial success and social responsibility are at odds with one another. Interesting though it may seem, they work best together. The current study examines CSR in Indian NBFCs. In this study, the impact of CSR on Indian NBFCs’ financial performance as well as the relationship between corporate social responsibility and financial performance are explored. The current study discovered that only CSR expenditure and CSR activities have a correlation with Profit After Tax and Return on Assets, whereas Return on Equity and Return On Capital Employed only have a relationship with CSR expenditure. Also, the analysis discovered that CSR Expense in terms of PAT, ROA, ROE, and ROCE is the only CSR variable that has had an impact on financial performance.企业社会责任（Corporate Social Responsibility，CSR）指企业在以盈利为核心经营目标之外，还需承担推动社会福利事业发展的责任。有一种普遍认知认为，企业的财务成功与社会责任彼此相悖。尽管这一观点看似矛盾，但二者实则相辅相成，协同效果最佳。本研究聚焦印度非银行金融公司（NBFCs）的企业社会责任实践，探讨了企业社会责任对印度非银行金融公司财务业绩的影响，以及二者之间的关联。本研究发现，仅企业社会责任支出与企业社会责任活动与税后利润（Profit After Tax，PAT）及资产回报率（Return on Assets，ROA）存在相关性；而净资产收益率（Return on Equity，ROE）与总资本回报率（Return on Capital Employed，ROCE）仅与企业社会责任支出存在关联。此外，分析结果显示，在PAT、ROA、ROE与ROCE维度下的企业社会责任支出，是唯一对财务业绩产生影响的企业社会责任变量。