Published Paper Details:

The significance of corporate social responsibility (CSR) in enhancing financial performance, has received a lot of attention. In the era of Industry 5.0, where societal issues and technological advancements collide, the role of CSR becomes important, as it maintains trade-off between them. This study intends to investigate how CSR practises affect profitability of both public and private sector. This study aims to offer important insights into the changing dynamics of the business landscape by evaluating the relationship between corporate social responsibility initiatives and profitability. Five companies were selected randomly from public sector and private sector each. The profitability and corporate social responsibility expenditure of the selected companies were analysed for the period of five years from 2018-19 to 2022-23. The result shows that there is positive impact of CSR expenditure on profitability of public and private sector companies. The implication of this study can help and guide strategic decisionmaking procedure and support long-term expansion of organisations in the context of Industry 5.0.