Corporate Social Responsibility Disclosures

Companies are known as that their ultimate objective is to make profit, shareholders are the only party toward which the company has responsibilities and the ultimate objective of financial management is to maximize shareholder value. It's been gaining more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. The company must perform business operations by taking into account the social, environmental consequences; integrate the idea of sustainability into its operations, known as "corporate social responsibility (CSR)." In the literature, it is questioned whether there is any relationship exists between CSR activities and the financial performance and the direction of the relationship. In this book, it is aimed to explore that whether there is any effect corporate social performance on financial performance and position and vice versa. The conscious toward CSR and sustainability must be promoted and the companies must assume more active roles. The companies must pay more attention to report and publish CSR and sustainability activities.