Impact of Social Disclosure on Profitability: Evidence from Hotels and Travels in Srilankan Listed Companies

Corporate social responsibility (CSR) is always new on the agenda of commercial organizations, due to its ability to improve the attractiveness of a firm. Corporate social responsibility is a broad principle affecting financial performance that has involved universal interest and learning in the overall economy. Corporate social responsibility principles have been achieved in commercial practice, but the idea has been a powerful position for each organization in recent periods. The research purposes of the study are to consider whether there is any impact of social disclosure and profitability under the theory and to examine whether there is any impact of social disclosure and profitability under the theory of moral organization by incorporating the idea of tactical organization into the definition of CSR as sustainable by counting social disclosure as independent variables, The independent variable is ROA, and the control variable is firm size. Secondary data has been collected for Sri Lankan hotels and travel companies in CSE, for the period from 2015 to 2019. An Eviews 8 was used in this analysis. In this analysis, the variables were tested using correlation and regression analysis. The results indicate that social disclosure has an optimistic influence on the profitability of hotels and travel companies. The outcome of this study offers excessive perceptions for the administration to incorporate CSR with the strategic resolution of the commercial and renew their commercial supervisory or fundamental principles.