IMPACT OF CSR ON ACQUIRING FIRM’S PERFORMANCE: AN EMPIRICAL ANALYSIS

Abstract

The paper tries to search is there any connotation between acquiring firm performance about corporate social responsibility perspective. Mergers and acquisitions have been linked to corporate social responsibility to create value for shareholders. There are a plethora of studies abroad about value creation to shareholders through mergers and acquisitions in the short-run as well as the long run by using both market-based measure and accounting-based measure. The literature on mergers indicates there is a mixed view considering wealth creation to shareholders and corporate social responsibility There is a lack of studies in the Indian context of any link between acquiring firm performance for corporate social responsibility. The paper tries to inspect whether any impact of CSR on acquiring a firm's performance using panel data.  The study has taken the sample of 555 firms for the period from 2012-2014 to analyze the effect of acquiring firm performance on shareholder wealth by using the listed company of the Indian stock exchange. The results indicate there is the effect of the corporate social responsibility parameter on the acquiring firm performance.