Abstract
The corporate social responsibility is essential depute in all organization. So all organizations think about how to achieved that their organization goals in this way one of the aspects as CSR. In this studies the effect of CSR on Profitability. This study tested by relation and impact supported on correlation and regression analysis. The data used were draw from 20 Bank finance and insurance companies in Sri Lanka. Panel data analysed by Bank finance and insurance companies CSR reports were analysed for the period of 2012 - 2016. The effect show that Corporate social responsibility reporting of the bank finance and insurance companies accrued during that time period. The results of the study also explained that there is a significant impact on profitability of the companies. This study was conducted in a underdeveloped country with various environment, economic and social aspects as compared to developed countries.
Highlights
In a different country different researchers appear to have various explanation as to what Corporate social responsibility (CSR) is
In this study is to find the impact of CSR on profitability bank finance and insurance companies in Sri Lanka
This represents the positive association between the economic environment and social on Return on Asset (ROA) and Return on Equity (ROE)
Summary
In a different country different researchers appear to have various explanation as to what CSR is. Few of researchers said that CSR is an superior instrument to industry the firm and should be led by activity (Lantos, 2001) or be used to enhance the company‘s brand (Kurucz et al, 2009). The point of time mentioned the Carrol CSR is made profit and obey the activities. CSR explanation considers obey the law regarding of profit making. According to Werther and Chandler, (2011) the social responsibilities of business should encompass the evaluation of all four faces that society has of organization any time. Corporate social responsibility (CSR) value different assessment and evaluation their future financial performance. Expert understand CSR as an authority cost, due to the generality of an agency logic, they make pessimistic present for firms with high CSR valuation. Expert issue more positive present for firms with high CSR valuation
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