The Role of Corporate Social Responsibility (CSR) in the Egyptian Banking Sector

Kamal, Mona (2013): The Role of Corporate Social Responsibility (CSR) in the Egyptian Banking Sector.

Abstract

Given the global recognition of Corporate Social Responsibility (CSR) of the financial institutions in developed countries and the lack of interest in the relevance of this concept in Egypt, it is essential to investigate the relation between Corporate Social Responsibility and Financial Performance (i.e. CSR-FP link) in the Egyptian banking sector. This paper explores, empirically, this association. The results imply a negative and statistically significant relationship between CSR-dimensions and banks’ profitability. This empirical evidence is consistent with the neoclassical economists’ point of view that practicing CSR by an organization is associated with competitive disadvantages.

• Item Type: MPRA Paper
• Language: English
• Keywords: Corporate Social Responsibility (CSR), Egypt, Banking Sector, Profitability.
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General; G - Financial Economics > G0 - General

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