A STUDY OF CSR SPENDING IN INDIA: EVIDENCE FROM CHEMICAL INDUSTRY

Abstract

Corporate Social Responsibility Reporting (CSR) has gained a lot of importance in recent years. This study attempts to examine some of the factors influencing CSR spending in India. The study examines whether size of the firm, leverage, ownership pattern and age of the firm influence CSR spending. To achieve the study objectives, the annual reports of 17 chemical companies forming part of NIFTY Large Midcap 250 index for five fiscal years from 2017-18 to 2021-22 are collected and content analyzed to explain the CSR spending. The study finds the influence of size, leverage, ownership pattern on CSR spending. It is also observed that firm characteristics such as size of the auditor and age are not significant variables of CSR spending.