• Shubham Singh
• Sushant Gupta
• Shruti Kumari

The study investigated the relationship between corporate social responsibility (CSR) activities and the performance of the top 100 Indian companies based on their market capitalization from 2018 to 2022. The data was collected from the companies' annual reports and websites, and Tobin's Q was used to determine the firm's value. The panel regression analysis of the cross-sectional time-series data found a positive relationship between CSR and firm performance, with a 1% change in CSR resulting in a 70.43% change in firm performance. The results showed that Indian companies are increasing their CSR expenditure every year and the banking and insurance industry had the highest average CSR expenditure. The study has limitations as it only applies to the Indian environment and only used annual reports for data collection. Future research could include more samples, both public and private companies, additional control variables, and a longer study period to increase the external validity of the findings.

"CSR & FIRM PERFORMANCE: A STUDY OF SELECTED INDIAN COMPANIES ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.a290-a304, March-2023, Available :http://www.jetir.org/papers/JETIR2303039.pdf

"CSR & FIRM PERFORMANCE: A STUDY OF SELECTED INDIAN COMPANIES ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppa290-a304, March-2023, Available at : http://www.jetir.org/papers/JETIR2303039.pdf