Examining the Relationship Between Corporate Social Responsibility and Firm Performance: A Quantitative Investigation

Abstract

This study aims to investigate the “relationship between corporate social responsibility (CSR)
and firm performance”. Corporate social responsibility has received more attention and has
become a hot topic recently as companies realize the importance of their social and
environmental implications. “The connection between CSR and company performance is still
up for dispute in the scientific community”. This study examines how “CSR practices
connect to several business success measures, including financial performance, market share,
and consumer loyalty, in order to investigate this link”. The results demonstrate a strong
relationship between CSR and firm performance, demonstrating that socially conscious
companies are more likely to experience favorable financial results and improved market
performance. The study also identifies the moderating impact of industry characteristics and
business size on the relationship between CSR and firm success. Informed judgments about
CSR activities and their possible effects on business success can be made by managers and
legislators with the help of the study's findings. The researcher had considered 201 people
from corporate sector to examine the “Relationship between corporate social responsibility
and Firm Performance and concludes that there is a significant relationship between corporate
social responsibility and Firm Performance.