The independent variable was the disclosed CSR data which
were qualitative.
These data needed to be transformed
to quantitative data for the statistic
al tests.
which is a common and difficult task for CSR releationship studies.
Although various CSR measures have been adopted in previous research, this study made an original contribution in two ways,
first by using Delphi methodology and second by developing CSR index and measures of relevance to developing countries such as Sri Lanka.
In addition, CP, a dependent variable, was measured by using three accounting indictor:
ROS,ROE and ROA.
Consequently, these quantitative data were employed in the panel data regression model using E-Views software to scientifically analyse the data to identify the sgnificant relationship between these two variables.
The control variable was company size, to be consistent with the previous studies in literature review.
The result indicated the there is a significant relationship between CSR and CP.