Impact of Corporate Social Responsibility Practices on Organizational Commitment: A Study on Leasing Companies in Colombo District, Sri Lanka

Abstract

This study attempts to identify impact of Corporate Social Responsibility (CSR) practices on organizational commitment of employees in listed leasing companies in Colombo district, Sri Lanka. The purpose of this study is to explore the Impact of CSR practices on employee organizational commitment of leasing companies in Colombo District. Hence the overall research problem is, “What is the impact of Corporate Social Responsibility practices on employee organizational commitment of leasing companies in Colombo district Sri Lanka?” Data were collected from employees in 5 listed leasing companies in Colombo district. A structured questionnaire which consists of 42 questions with five point Likert scales was used to collect the data. Participants’ responses were analyzed using SPPS computer package (Version 16.0) and it included the bivariate analysis. There was a positive significant relationship between CSR practices and employee organizational commitment of leasing companies the Colombo district Sri Lanka. The study found highly significant positive relationship between CSR and employee organizational commitment of employees in leasing companies in Colombo district. It implies that organizations can enhance their employee organizational commitment by involving themselves in social activities for instance, identifying needs of the community and fulfilling them, working for better environment, involving in employee welfare, producing quality products for customers’ and complying with government rules and regulations and working within legal framework.

Keywords: Corporate Social Responsibility (CSR), Employee Organizational Commitment, Leasing Companies