Corporate social responsibility (CSR), on the other hand, is concerned with the commitment of business organizations to contribute to sustainable development, stakeholder issues/concerns and improvement of societal conditions (Jamali et al., 2008; Jamali,2008). Although an exact definition of CSR remains elusive (Matten and Moon, 2008), the term is generally used to refer to a mode of business engagaement and value creation which fulfills legal, ethical and public societal expectations (Luetkenhorst, 2004).