Abstract:
This study investigates about the corporate social responsibility practices based on
selected companies in Colombo Stock Exchange (CSE). The study also looks into
the actual contribution of CSR activities conducted by companies of CSE. The study
documents the best corporate social responsibility reporting sector of Colombo stock
exchange. Study also identifies how Sri Lankan companies perceive Corporate Social
Responsibility. This research has used secondary data for the purpose of analysis
and the sources of data include the annual reports of selected companies. This study
has selected ten sectors and from each those ten sectors six companies have been
selected. These ten sectors include Bank and Financial, Hotels and Travels,
Beverage, Diversified holdings, Manufacturing, Trading, Plantation, Construction,
Health care and services. Study results suggested that banking sector is the best for
practicing corporate social responsibility. Companies have different reasons for
issuing CSR reports. Information on CSR activities is measured valuable by both
academic researchers and business managers as it provides a working framework
on which future studies can be based. In addition, it improves understanding of the
social obligations, which corporate entities are obliged to their stakeholders and
society in general.
