Authors: A.A.J. Fernando; I.M. Pandey
Addresses: School of Management, Asian Institute of Technology, P.O. Box 4, Klong Luang, Pathumthani, 12120, Thailand. ' School of Management, Asian Institute of Technology, P.O. Box 4, Klong Luang, Pathumthani, 12120, Thailand
Abstract: This paper aims to collect and document evidence on the corporate social responsibility reporting practices in Sri Lanka. Data is gathered from public reports and questionnaires. A content analysis and a comparison between adopters and non-adopter on selected profitability aspects and company size are carried out. The level of the CSR reporting is not satisfactory while large firms tend to engage in CSR than other firms. The adopters are significantly different from the non-adopters with respect to return on total assets, return on equity, MCAP and revenue but not with respect to profit for the year, EPS and total assets. General perception of the CEOs is supportive for the CSR engagement.
Keywords: corporate social responsibility; CSR; agency theory; stakeholders; legitimacy; sustainability; advocacy; advertising; adopters; non-adopters; Sri Lanka; listed companies; Global Reporting Initiative; GRI; company reporting; reporting practices; public reports; annual reports; profitability; company size; large firms; return on total assets; return on equity; MCAP; market capitalisation; revenues; profits; EPS; earnings per share; chief executive officers; CEOs; Colombo Stock Exchange; international business.
Journal for International Business and Entrepreneurship Development, 2012 Vol.6 No.2, pp.172 - 187
Available online: 16 Aug 2012 *Full-text access for editors Access for subscribers Purchase this article Comment on this article