Review on CSR and Financial Performance Studies

Review on CSR and Financial Performance Studies

Dr. Lipika Dewan1, Tanmay Verma2, Priya Kashyap3, Sarang Agarwal4, Karishma Mahajan5 &

Vishal Kumar Yadav6

Lovely Professional University1,2,3,4&5

Punjab, India

Email: dhingralipika123@gmail.com1, tanmayverma9999@gmail.com2,priyakashyap8675@gmail.com3,  sarangagarwal609@gmail.com4, krishma2302@gmail.com5 , vishalyadav9008@gmail.com6,

Abstract:

The current study has done the descriptive analysis of Corporate Social Responsibility (CSR) and Financial Performance (FP) using different combinations of the keywords; for instance, Sustainability and CSR, Sustainability and FP have been considered. It has explored the contributing authors, journals, institutions as well as keywords and establishes their citation networks elucidating the association between FP and CSR of the companies by considering the Web of Science Database. Consequently, the key performance indicators can be found with the help of networked structures and diagrams to provide a base to the researchers for further analysis in that area. This study finds that Godfrey and Peloza are the two most contributing authors with the highest citation. Business Ethics and Sustainability are the two most cited journals of studies in the area. The study's conclusions include a comprehensive grasp of combining Corporate Sustainability and social responsibility into a unified strategy framework that will allow management to satisfy stakeholders, society, and the environment.

Keywords: Corporate Social Responsibility (CSR), Corporate Financial Performance (CFP), Citation Graphs, WoS database.