Jyoti Prasad Mukhopadhyay | Ideas for India

Jyoti Prasad Mukhopadhyay
Institute for Financial Management and Research
Jyoti Prasad Mukhopadhyay is an assistant professor of economics at Institute for Financial Management and Research (IFMR), Sri City. He completed a master's in economics from Delhi School of Economics (DSE), University of Delhi, and a Ph.D. in economics from IFMR. Before joining the Ph.D. programme at IFMR, Jyoti worked with the Centre for Micro Finance (CMF) at IFMR-LEAD as a research associate for more than three years. Jyoti has also worked with The World Bank as a short-term consultant (STC) on an impact evaluation study in Chhattishgarh, India. Jyoti has participated and presented papers in various national and international conferences both in India and abroad. Some of his research articles have been published in peer reviewed journals. His research interests include development economics, applied econometrics, and behavioural economics.

Articles By Jyoti Prasad Mukhopadhyay
Does mandatory CSR expenditure affect firm value? Evidence from Indian firms
Posted On: 04 Jan 2018

Topics:   Economic Growth

Section 135 of the Companies Act, 2013 mandates all Indian firms above certain size or profit threshold to spend at least 2% of net profit earned in preceding three years on Corporate Social Responsibility (CSR) from 2014-15 onwards. The existing literature is divided on whether CSR spending helps improve firm performance. Analysing firm-level data from India for 2006-2016, this column finds that CSR spending has a significant positive impact on firm value.
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