The IUP Journal of Corporate Governance
Relationship Between CSR and Stock Price: Systematic Literature Review and Bibliometric Analysis

Article Details
Pub. Date : Oct, 2023
Product Name : The IUP Journal of Corporate Governance
Product Type : Article
Product Code : IJCG031023
Author Name : Dwarakanath Siriguppi, Chakravarthy Kaundinya,and Santosh Kumar Alreddy
Availability : YES
Subject/Domain : Management
Download Format : PDF Format
No. of Pages : 24



Corporate Social Responsibility (CSR) is more important than ever in the current business environment. Companies are reallocating funding to CSR efforts to satisfy state mandates while achieving their own goals. CSR as an idea has been around for a long time. Hence, a comprehensive summary of previous studies needs to be included in the research perspective. This study examines the literature on the relationship between CSR and stock price and the link between best CSR practices and financial performance. The results show that the interest in CSR and its impact on a firm's financial performance has grown recently to a large extent. The study presents a systematic review and bibliometric analysis of the literature in this regard, highlighting possible gaps and opportunities in the literature and scope for future research directions.


Business firms are preparing for the challenges they face in today's extremely competitive business environment by strengthening their organizational performance. Increasingly, enterprises are embracing new business tools and management philosophies to produce better outcomes and higher profit margins. Some of these firms' strategies and ideas include Corporate Social Responsibility (CSR) and Employee Involvement (EI). Today's businesses are under tremendous pressure from their stakeholders to become more socially and ecologically responsible. Every firm is concerned about CSR. A crucial factor in reversing the trend from a profit-driven economy to one that is more socially conscious is the rising concern for the environment and human rights among individuals. In light of the argument that socially