Bhattacharyya, Asit; Rahman, Md Lutfur - In: Meditari Accountancy Research 28 (2020) 6, pp. 951-975
Purpose India has mandated corporate social responsibility (CSR) expenditure under Section 135 of the Indian Companies Act, 2013 – the first national jurisdiction to do so. The purpose of this paper is to examine the impact of mandated CSR expenditure on firms’ stock returns by using actual...