Abstract:
Growing trend of social and environmental concern in modern society and
CSR reporting in worldwide reflect the increased awareness of both
stakeholders and corporate community about impact of human activities on
the environment. Stakeholders’ environment responsible behavior depends on
personal values, norms and awareness of consequences. In Sri Lanka, during
the last few years corporate involvement in social responsibility activities and
CSR reporting practices has improved along with the stakeholders’ concern
on CSR issues. However, a recent study revealed that even major stakeholder
categories do not incorporate CSR information for their decisions. This paper
aims to explore reasons for why Sri Lankan stakeholders do not consider CSR
information when making their economic decisions and whether there is an
impact from their value systems. Almost all stakeholder categories were
selected as sample of this study. It found that different stakeholders have
different value orientations in different levels and they do not used CSR
reports as sources of information.
