The paper examines the relationship between CSR rating and financial parameters (sales and profit before tax) and age of companies, in India. Using a quantitative methodology, the study found that profit is more correlated to CSR rating as compared to sales and age of the companies.

In the globalized world, integration of Corporate Social Responsibility (CSR) in business is one of the great challenges faced by the firms today. Stakeholders require much more from the company than pursuing growth and profitability. Companies which aim to be, or are, leaders in CSR are challenged by increasing innovations, rising public expectations, heightened social and environmental problems and continuous quality improvement. They are forced to chart their CSR activities within a very dynamic and complex environment. Engaging in CSR is perceived to be a good thing. CSR activities should be a part of all business organization, but every organization should identify the effects of financial parameters on CSR activities. Hence, this paper argues that financial parameters of the firm like sales and profit, as well as firm characteristics like age may affect CSR practices adopted by the companies. In this paper, an attempt has been made to refine the stream of research on the association between CSR rating and firm characteristics. This paper begins with reviewing the extant literature on CSR, CSR rating and the relationship between CSR rating and firm characteristics. Subsequently, it discusses the measures used in the study and describes the data collection method. Finally, it concludes by discussing the findings, highlighting the key limitations of the study, and providing guidance for further research.

Corporate Governance Journal, examines, the relationship, CSR, rating and financial parameters, companies, India, quantitative, methodology, profit, correlated, CSR rating, compared, sales and age.