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CSR is not just about spending 2% of the profit. Instead, it can help in increasing
the Profit as well. There are few international studies that establish this
relationship between Corporate Social Performance (CSP) and Corporate Financial
Performance (CFP). These studies also proved that it is the Strategic CSR and not
the Philanthropic activities responsible for this positive relationship. These
findings are crucial to establishing CSR as the Profit center and not as the Cost
center for the Corporate that will eventually give greater importance to the CSR in
the Corporate.
Financial performance is a subjective measure of how well a firm can use assets
from its primary mode of business and generate revenues.