An Analysis of Corporate Social Responsibility on Profitability of Selected Navaratna Central Public Sector Companies in India

Abstract

Corporate social responsibility (CSR) is a company's obligation to the society in which it operates. This study analyzed the effects of corporate social responsibility on profitability of selected Navaratna Central Public Sector Companies in India. Profitability ratios are among the most popular financial metrics. Profitability ratios are the most useful when comparing companies. In this study carried some common profitability measures are NPM, ROCE, ROE, and ROA. The study is based on secondary data gathered from annual reports of selected Navaratna Central Public Sector Companies in India from 2014-15 to 2021-22. Correlation and regression analysis is used in this paper to determine the significant effects of corporate social responsibility on profitability. The results revealed that the significant positive relationship between corporate social responsibility on profitability of selected Navaratna Central Public Sector Companies in India.