Corporate Performance of Indian Companies- Pre and Post Implementation of BRR

Abstract

There is an increasing need in the global business for companies to assume responsible business practices with respect to the impact of their operations on the business environment. Business Responsibility Report (BRR) facilitates companies in disclosing their impact and responsibility towards the society they operate in. This paper endeavors to find the influence of business responsibility report, shareholders’ funds and size of the company on the performance of NIFTY 50 companies in India. It captures such influence in the pre-mandatory and post-mandatory period of BRR covering a period of 12 years from 2008-2019. Using panel regression model the analysis depicts that BRR, shareholders’ funds and size of the company has no statistically significance on the performance of the companies in pre mandatory and post mandatory period of BRR.