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The Socio-Economic Impact of Corporate Social Responsibility Practices in Sri Lankan Tea Manufacturing Companies (Special Reference to Kandy District)

Authors:

IDC Wijerathna ,

Ministry of Economic Development, LK
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Ridmi Gajanayaka

Department of Commerce & Financial Management, University of Kelaniya, LK
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Abstract

Corporate Social Responsibility (CSR) is very important topic in the present competitive business environment. The aim of this exploratory study is to capture the current status of Corporate Social Responsibility (CSR) awareness, commitment and practices level of tea manufacturing companies in Sri Lanka and assessing the socioeconomic impact of company CSR on employees and smallholders. The study provides an overview of company CSR practices as well as of employee and smallholder experiences and perceptions of CSR practices of tea manufacturing companies. The research study is based on Kandy district and three perspectives factory owners, employees and smallholders were used in exploring the CSR level and its socioeconomic impact. To achieve the research objectives tea manufacturing company’s CSR practices are studied in three domains: CSR to employees, smallholders and environment. The researcher used mixed method comprising both quantitative and qualitative elements. There is a positive relationship between tea manufacturing company CSR level and the socioeconomic condition of employee and the smallholders. When it consider about the overall situation, current CSR practices of tea manufacturing companies have not made a positive impact on socioeconomic development of employees and smallholders. Tea manufacturing companies should consider CSR strategies that are in the interest of all stakeholders and relevant to the business.

DOI: http://dx.doi.org/10.4038/kjm.v2i1.6546

Kelaniya Journal of Management Vol.2(1) 2013:113-142

How to Cite: Wijerathna, I. & Gajanayaka, R., (2014). The Socio-Economic Impact of Corporate Social Responsibility Practices in Sri Lankan Tea Manufacturing Companies (Special Reference to Kandy District). Kelaniya Journal of Management. 2(1), pp.113–142. DOI: http://doi.org/10.4038/kjm.v2i1.6546
Published on 05 Feb 2014.
Peer Reviewed

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