2 3 4 3 4

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

(17)

(18)

(19)

(20)

(21)

(22)

(23)

23

1

(24)

24

2

(25)

(26)

(27)

(28)

(29)

(30)

30 1 6 .5 1 7 1 7 .5 1 8 1 8 .5 (m e a n ) lo g C S R 2010 2012 2014 2016 2018 Year

0 5.0e+09 1.0e+10 1.5e+10 2.0e+10 Total amount spend in INR 2015-2017

SCHEDULE (VI) SCHEDULE (IX) SCHEDULE (XI) SCHEDULE (VII) SCHEDULE (VIII) OTHERS SCHEDULE (III) SCHEDULE (IV) SCHEDULE (V) SCHEDULE (X) SCHEDULE (I) SCHEDULE (II) Total

0 1.0e+12 2.0e+12 3.0e+12 4.0e+12 5.0e+12 Total amount spent in INR 2010-2017

(31)

31

(32)

32

CSRExp = α + β

1

∗ CA2013 + β

2

∗ Controlvariables + μ

i

+ ε

(33)

33

(34)

34

CSRExp = α + β

₁

∗ CA2013 + β

₂

∗ International + β

₃

∗ CA2013 ∗ International + β

₄

∗ Controlvariables + ε

State % SSE = α + β

₁

∗ CompaniesAct 2013 + β

₂

∗ totalfirmCSRspending + β

₃

∗ CompaniesAct 2013 ∗ totalfirmCSRspending + β

4

(35)

(36)

(37)

37

(38)

(39)

39

(40)

(41)

41

(42)

42

(43)

43

(44)

(45)

(46)

(47)

(48)

(49)

(50)

(51)

(52)

(53)

(54)

(55)

(56)

(57)

57

(58)

58