{"title":"Compulsory Regulation of CSR and Investor Reactions: Evidence from Indian Economy","authors":"A. Mukherjee","doi":"10.2139/SSRN.2337285","DOIUrl":null,"url":null,"abstract":"This study contributes to the limited established empirical research on the impact and relevance of corporate social responsibility (CSR) in the capital markets of emerging economies. This paper demonstrates an event study to examine how compulsory CSR legislative in India influenced the stock prices. Using a data set of 400 listed Indian enterprises, this paper looks at four different event dates and comments on the necessity and importance of a structured legislation to control the CSR activity in an emerging economy like India.","PeriodicalId":210981,"journal":{"name":"Corporate Governance: Social Responsibility & Social Impact eJournal","volume":"158 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2013-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Governance: Social Responsibility & Social Impact eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2337285","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This study contributes to the limited established empirical research on the impact and relevance of corporate social responsibility (CSR) in the capital markets of emerging economies. This paper demonstrates an event study to examine how compulsory CSR legislative in India influenced the stock prices. Using a data set of 400 listed Indian enterprises, this paper looks at four different event dates and comments on the necessity and importance of a structured legislation to control the CSR activity in an emerging economy like India.