The Role of Corporate Social Responsibility (CSR) in the Egyptian Banking Sector
AbstractGiven 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44697.
Date of creation: Mar 2013
Date of revision:
Corporate Social Responsibility (CSR); Egypt; Banking Sector; Profitability.;
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- G0 - Financial Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-16 (All new papers)
- NEP-ARA-2013-03-16 (MENA - Middle East & North Africa)
- NEP-HME-2013-03-16 (Heterodox Microeconomics)
- NEP-MAC-2013-03-16 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dima Jamali & Ramez Mirshak, 2007. "Corporate Social Responsibility (CSR): Theory and Practice in a Developing Country Context," Journal of Business Ethics, Springer, vol. 72(3), pages 243-262, May.
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