CSR as an agent of financial stability: A use case of banking industry
Banks; Corporate social responsibility (CSR); Financial stability ratios
The study was undertaken to examine the importance of corporate social responsibility (CSR) as an agent to improve the firm's performance and financial stability by enhancing goodwill and competitive advantage in the Indian banking industry. In the study, it has been hypothesized that CSR expenses have a positive relationship with financial stability. A correlation study has also been undertaken to determine any relationship among these variables, followed by a dependency regression test to show the levels of dependency of financial stability on CSR expenses and the Granger Causality test to find their causal relationship. The study has revealed a significant relationship between the financial stability variables and CSR expenses, and the Granger Causality level supports the findings. 2021 Ecological Society of India. All rights reserved.
Indian Journal of Ecology, Vol-48, pp. 46-50.
Chaudhuri S., Department of Economics, Christ (Deemed to be University), Ghaziabad, 201 003, India, School of Management, GITAM (Deemed to be University), Visakhapatanam, 530 045, India; Kumar S., Department of Economics, Christ (Deemed to be University), Ghaziabad, 201 003, India, School of Management, GITAM (Deemed to be University), Visakhapatanam, 530 045, India