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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

    as
    1. Mr. Arvind Subramanian, 1997. "The Egyptian Stabilization Experience: An Analytical Retrospective," IMF Working Papers 1997/105, International Monetary Fund.
    2. 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.
    3. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    4. Rim Makni & Claude Francoeur & François Bellavance, 2009. "Causality Between Corporate Social Performance and Financial Performance: Evidence from Canadian Firms," Journal of Business Ethics, Springer, vol. 89(3), pages 409-422, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Md. Shajedul Islam, 2023. "Corporate Social Responsibility Practices of Banking Sector in Bangladesh: An Evaluation," International Journal of Science and Business, IJSAB International, vol. 18(1), pages 153-164.
    2. Bert Scholtens & Sophie van’t Klooster, 2019. "Sustainability and bank risk," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-8, December.
    3. Halit Gonenc & Bert Scholtens, 2019. "Responsibility and Performance Relationship in the Banking Industry," Sustainability, MDPI, 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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