Tom Gosling interviews Kim Fe Cramer, Assistant Professor of Finance on the compulsory CSR spending mandated for large Indian firms. They discuss how firms choose their CSR priorities and where they spend the money. CSR spending is focussed on a firm’s area of competitive advantage so is efficient, but is focussed in their home region, which often means that richer regions benefit from higher CSR spending, raising questions about equity.

Host: ⁠Tom Gosling

Contributor: Kim Fe Cramer

Read Kim Fe Cramer's paper, When private firms provide public goods: the allocation of CSR spending, co-authored with Lucie Gadenne and Noémie Pinardon-Touati.

To learn more about the Initiative in Sustainable Finance (ISF), visit ISF's website (⁠https://www.fmg.ac.uk/isf⁠).