Many companies and organizations nowadays share a similar opinion that believes in achieving shareholder value and sustainable business success through responsible and market-oriented behavior rather than the antiquated than the mere maximization of short-term profits. These organizations have gradually become more and more aware that sustainable development can be achieved through economic growth that goes hand in hand with the promotion of social responsibilities that include customer interest and ensuring environmental protection. (Mahajan, 2011) To realize this approach and become a socially responsible awareness-driven organization, many companies have chosen to stick to a corporate social responsibility (CSR) policy. According to Baker (2004), “CSR is about how companies manage business processes to produce an overall positive impact on society”. While this definition is quite concise and relevant, there are various broader and more specific definitions of CSR. Holme and Watts (2000), define CSR as a corporate place commitment...