The 1980s contributed further on CSR definitions and relevant literatures. During this period, Freeman presented this great Stakeholders Theory, which expresses the involvement and role of stakeholders‟ in promoting CSR (Freeman 1984). The definitions during this period also contributed in identifying the relation between CSR and profitability (Cochran and Wood 1984). It is a fact that CSR activities increase reputations of the corporations, which increase the confidence of the consumers on the products and services of those companies. As a result, the profitability increases too.