I. Introduction
The growing interest in the field of corporate social responsibility (CSR) has caused the generation of numerous academic write-up which attempt to gauge the causes and effects of it. Previously, academician such as [18] asserts that the objective of businesses is to maximise profits for shareholders and that any additional expenditures paid for environmental conservation or socially responsible actions are therefore detrimental to firm value. Recently, however, a gale of change has blown through this philosophy. Concerns about corporate sustainability have prompted businesses to devote resources to resolve governance and environmental issues, as well as to opposing actions or activities that are detrimental to consumers or employees.