Background of the Study Different authors have defined corporate social responsibility (CSR) differently. According to European Commission Green Paper (2007) CSR is company's voluntary contribution to society and enviroment. Kibas (2004) viewed CSR as company involvement in socially responsible practices of separating and balancing the social economic and enviromental components of the business while building the stakeholder's value. This defination calls for a delicate balancing act between economic, legal, ethical and discretionary responsibilities of organizations. It encompasses practices that seek to meet within reasonable means the expectations of all stakeholders and to enhance the public image of a firm in respect of social and physical enviroment (Logan.et.al., 2003). As noted by Pearce (2000), feminist theory is key in business operation because it defines CSR as a focus on ethics of care. This theory of the philanthropic corporate citizenship assume that a corporate has a conscience and concern for needy individuals and groups within the enviroment in which it operates. It focuses on trails of close relationships such as sympathy, compassion and friendship. This theory explains why most businesses engage in charitable programmes and activities. Halima, (2005) highlighted that CSR is a way of doing business by which managers internalize external factors. Moreover, in case CSR is appropriately managed, it becomes a source of profits in the short-term through innovation, in the medium term through reputation, and in the long-term by creating new markets and anticipating new regulations and more so enhancing climate change. CSR activities are company's commitment to minimizing damage or eliminating harmful effects and maximizing its long-term impact like climate change on the society (Moses & Benham, 2004). These activities encompass such actions as behaving ethically treating employees fairly and minimizing damages on the physical environment. Therefore, a socially