Abstract:
The concept of corporate social responsibility (CSR) developed in th6 Western world
since the 1950s, is novel to developing countries. Various CSR principles, standards,
frameworks and indices have grown significantly. There is an increasing pattern of
engage in socially responsible activities by companies. Recent discussions have
explored the ways Corporate Social Responsibility (CSR) website disclosure might
work in the interest of business. In the Sri Lankan Context have modern contexts of
CSR website disclosure.
The objective of the study was to empirical examine the impact on CSR website
disclosure on Market Value in listed companies in Sri Lanka. For the study purpose
secondary data were collected one hundred and twenty two listed companies in Sri
Lanka. Data were collected from company website and annual report of the companies.
GRI standard disclosure social category indicators in Labour practices and decent work,
Human Rights, Environmental, Society and Product Responsibility were used as the
independent variable. Researcher as run the Level of Corporate Social Responsibility
website disclosure, Correlation analysis and Regression analysis of CSR website
disclosure and Market Value to test the impact of CSR website disclosure on Market
Value.
According to the result were moderate level between CSR website disclosure and
Market Value and strong positive relationship and positive impact between CSR
website disclosure and Market Value. Based on that conclude, there is a significantly
positive relationship and strong positive relationship between CSR website disclosure
and Market Value
