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Review Article

JCR. 2020; 7(3): 1-3


THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY ON THE GAINFULNESS OF THE CORPORATIONS LISTED IN MUSCAT SECURITIES MARKET

N. SANTHOSH, R. SANKAR GANESH.

Abstract
The study explored the influence of Company Social Accountability on the gainfulness of corporations registered in Muscat Securities Market under industrial sector. Specifically, the study analyzed the kind of correlation that exists between CSR and gainfulness of the corporations. It describes influence of the Company Social Accountability spending on the gainfulness of the corporations. Thirteen companies under industrial sectors were selected randomly and the data were collected from their published audited financial statements for a period ranging from 2010-2017. The study employed correlation and regression for analysis. The results of the analysis reveal a positive relationship (0.71) between expenditure for CSR and gainfulness of the corporations. Also, the relationship is significant in terms of the P value which is less than 0.1.

Key words: Corporate Social Responsibility, Profitability, CSR Spending, Gainfulness, Industrial Sectors.



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