Journal of Management Research and Analysis
Official Publication of Innovative Education and Scientific Research Foundation
Official Publication of Innovative Education and Scientific Research Foundation
Print ISSN: 2394-2762
Online ISSN: 2394-2770
CODEN : JMRABX
Journal of Management Research and Analysis (JMRA) open access, peer-reviewed quarterly journal publishing since 2014 and is published under auspices of the Innovative Education and Scientific Research Foundation (IESRF), aim to uplift researchers, scholars, academicians, and professionals in all academic and scientific disciplines. IESRF is dedicated to the transfer of technology and research by publishing scientific journals, research content, providing professional’s membership, and conducting conferences, seminars, and award programs. With more...Original Article
Author Details :
Volume : 11, Issue : 2, Year : 2024
Article Page : 94-98
https://doi.org/10.18231/j.jmra.2024.017
Abstract
In present scenario the companies are not only concentrating on the profitability but also on the sustainability. The dual objective of the company does motivate to investigate the impact of Corporate Social Responsibility (CSR) on firm’s profitability. A case study of Oil and Natural Gas Corporation Limited (ONGC) has been undertaken to examine the impact of CSR on profitability. The study is based on secondary data which were collected from the financial report of ONGC for the period of ten years from 2013-14 to 2022-23. Correlation and simple regression analysis have been employed to find out the impact of CSR on company’s financial performance by taking in to consideration different variables such as the amount of CSR expenditure, return of equity, return on investment, profit after tax, earning per share and sales revenue. The finding of the study shows that there is no impact of CSR on firm’s profitability, but there are positive moderate correlations between CSR and profitability indicators.
Keywords: ONGC, Corporate Social Responsibility, Profitability, Sustainable Development, financial performance
How to cite : Panda D K, Jena B M, Impact of corporate social responsibility on profitability: A case study of oil and natural Gas corporation Ltd. J Manag Res Anal 2024;11(2):94-98
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