Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper

Abstract

Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society. CSR is all about operating a business in such a manner that accounts for the social and environmental impact created by that business. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The field of corporate social responsibility has grown exponentially in the last decade. More than half of the Fortune 1000 companies issue corporate social responsibility (CSR) reports. A larger number of companies than at any time previous are engaged in a serious effort to define and integrate CSR into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labor unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of CSR issues. There is increasing demand for transparency and growing expectations that corporations measure, report, and continuously improve their social, environmental, and economic performance.