Abstract:
Today’s competitive and dynamic market environment has formed new set of
tasks for any business which are not only connected to economics. To survive
and grow, firms must connect the gaps in economic as well as social systems.
Maximizing shareholder wealth is every time important, but satisfying that
condition alone is no more valid in computing the financial success. Corporate
Social Responsibility is significant and fundamental to the sustainable
functioning of businesses. Similarly, financial performance is undoubtedly
fundamental to the continued functioning of any company. The purpose of this
Research is to study the relationship between corporate social responsibility
disclosure percentage and the financial performance of manufacturing
companies in Sri Lanka. Sample of study is the highest share volume of 20
companies listed in the Colombo Stock Exchange (CSE) in the manufacturing
sector and data were collected over a five-year period from 2011 to 2015, this
study explores and tests the significant of the relationship between corporate
social responsibility disclosure percentage and financial performance.
According to the result of the significant relationship between corporate social
responsibility (CSR) disclosure percentage and financial performance.
According to that that Sri Lankan listed manufacturing firms should step up
their Corporate Social Responsibility programs and disclosures most
especially environment, community, employee, and consumer
responsibilities. Because of Corporate Social Responsibility is impact to the
Corporate Performance as significantly.
