ISSN2320-2882
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Paper Title
A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd.
Authors
SYEDA GOUSIA BEGUM , S.VASAVI
Keywords
Keywords: Corporate Social Responsibility, Financial Performance, Infosys, Maruti Suzuki, ROA, ROE, CSR Expenditure, India
Abstract
Abstract
This research paper examines the relationship between Corporate Social Responsibility (CSR) and financial performance in two leading Indian firms--Infosys Ltd. from the Information Technology sector and Maruti Suzuki India Ltd. from the Automobile sector. Both industries represent contrasting operational models, stakeholder expectations, and CSR approaches. Using secondary data from annual reports, sustainability disclosures, and financial statements from 2018 to 2023, this study investigates how CSR expenditure and initiatives affect profitability indicators such as Return on Assets (ROA), Return on Equity (ROE), and Earnings Per Share (EPS). Findings reveal that Infosys demonstrates a consistent positive linkage between CSR investments and financial performance, driven by its sustainability-driven strategy and strong governance culture. Maruti Suzuki, while also investing heavily in CSR--particularly in road safety and environmental initiatives--shows moderate financial linkage due to cyclical market conditions and manufacturing costs. The comparative analysis highlights that the nature and effectiveness of CSR depend on the firm's industry context, stakeholder orientation, and strategic alignment. The study concludes that CSR, when integrated strategically, enhances corporate reputation, operational efficiency, and long-term shareholder value.
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IJCRT — journal style
"A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd.", IJCRT - International Journal of Creative Research Thoughts (www.ijcrt.org), ISSN:2320-2882, Vol.13, Issue 10, page no.b806-b810, October 2025, Available :https://ijcrt.org/papers/IJCRT2510219.pdf
APA — 7th edition
BEGUM, S. G., & S.VASAVI. (2025). A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd. International Journal of Creative Research Thoughts, 13(10), b806-b810. https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219
MLA — 9th edition
BEGUM, SYEDA GOUSIA, and S.VASAVI. "A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd." International Journal of Creative Research Thoughts, vol. 13, no. 10, 2025, pp. b806-b810, https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219.
Chicago — 17th, bibliography
BEGUM, SYEDA GOUSIA, and S.VASAVI. "A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd." International Journal of Creative Research Thoughts 13, no. 10 (2025): b806-b810. https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219.
Harvard — author–date
BEGUM, S.G. and S.VASAVI (2025) 'A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd', International Journal of Creative Research Thoughts, 13(10), pp. b806-b810. Available at: https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219
IEEE — numbered reference
S. G. BEGUM and S.VASAVI, "A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd," IJCRT, vol. 13, no. 10, pp. b806-b810, Oct. 2025.
Vancouver — biomedical
BEGUM SG, S.VASAVI. A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd. IJCRT. 2025 Oct;13(10):b806-b810.
AMA — 11th edition
BEGUM SG, S.VASAVI. A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd. IJCRT. 2025;13(10):b806-b810. Accessed at https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219
BibTeX — Zotero, Mendeley, LaTeX
@article{IJCRT2510219,
author = {SYEDA GOUSIA BEGUM and S.VASAVI},
title = {A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd.},
journal = {International Journal of Creative Research Thoughts},
volume = {13},
number = {10},
pages = {b806-b810},
year = {2025},
month = {October},
issn = {2320-2882},
url = {https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219}
}
RIS — EndNote, RefWorks
TY - JOUR
AU - BEGUM, SYEDA GOUSIA
AU - S.VASAVI
TI - A Comparative Study on the Impact of Corporate Social Responsibility (CSR) on Financial Performance: Evidence from Infosys Ltd. and Maruti Suzuki India Ltd.
T2 - International Journal of Creative Research Thoughts
JA - IJCRT
VL - 13
IS - 10
PY - 2025
SN - 2320-2882
UR - https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219
SP - b806-b810
ER -
Issue
Volume 13 Issue 10,
October-2025
Pages : b806-b810
Article Information
- Published In
- International Journal of Creative Research Thoughts — Volume 13, Issue 10, October 2025
- Pages
- b806-b810
- Published
- October 2025
- Registration ID
- IJCRT_294882
- Published Paper ID
- IJCRT2510219
- Research Area
- Commerce All
- Author Type
- Indian Author
- Location
- Hyderabad, Telangana, India
- Peer Review
- Request Peer Review Report
- Licence
- CC BY 4.0 · Open Access
- ISSN & Impact Factor
- 2320-2882 · IF 9.17
- Downloads
- 237
- Permanent Link
- https://ijcrt.org/viewpaperforall.php?paper=IJCRT2510219
- Published Paper PDF
- https://ijcrt.org/papers/IJCRT2510219.pdf
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