Praveen Bhagawan M | Ideas for India

Praveen Bhagawan M
Institute for Financial Management and Research
Praveen Bhagawan M is an assistant professor in the accounting and finance area at Institute for Financial Management and Research (IFMR), Sri City. He holds a Ph.D. in finance from IFMR, and a master's degree in commerce from Bangalore University. His research interests lie in the area of corporate finance. He has published his papers in national and international journals.

Articles By Praveen Bhagawan M
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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