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

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  • Kamal, Mona

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.

Suggested Citation

  • Kamal, Mona, 2013. "The Role of Corporate Social Responsibility (CSR) in the Egyptian Banking Sector," MPRA Paper 44697, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:44697
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    File URL: https://mpra.ub.uni-muenchen.de/44697/1/MPRA_paper_44697.pdf
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    References listed on IDEAS

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    1. 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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    Cited by:

    1. Halit Gonenc & Bert Scholtens, 2019. "Responsibility and Performance Relationship in the Banking Industry," Sustainability, MDPI, Open Access Journal, vol. 11(12), pages 1-49, June.

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    More about this item

    Keywords

    Corporate Social Responsibility (CSR); Egypt; Banking Sector; Profitability.;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G0 - Financial Economics - - General

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