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Impact of corporate social responsibility on profitability: A case study of oil and natural Gas corporation Ltd

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Original Article

Author Details : Dhiroj Kumar Panda*, Biswa Mohana Jena

Volume : 11, Issue : 2, Year : 2024

Article Page : 94-98

https://doi.org/10.18231/j.jmra.2024.017

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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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