What is it about?
We have shown the spending on CSR and cash holidng of the CPSE of India. The key finding: higher CSR spending was associated with a higher cash ratio. In other words, CPSEs that invested more in CSR tended to keep stronger liquidity buffers.
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Perspectives
the results imply that CSR programs and prudent cash management are not at odds; they can reinforce each other. The study also fills a gap by examining actual CSR expenditure (rather than CSR scores) in a mandatory-CSR setting, and it opens the door for future work on private firms and other industries.
Dr. Preeti Khatri
Presidency University
Read the Original
This page is a summary of: Does corporate social responsibility spending affect cash ratio: Evidence from central public sector enterprises, Business Strategy & Development, March 2024, Wiley,
DOI: 10.1002/bsd2.344.
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