Green Growth, Corporate Social Responsibility, and Bank Profitability: Synergies for Sustainable Finance in the Middle East and North Africa Region

Makram Nouaili () and Mohamed Ali Khemiri ()
Additional contact information
Makram Nouaili: University College of Duba, University of Tabuk, Kingdom of Saudi Arabia
Mohamed Ali Khemiri: Faculty of Law, Economics, and Management of Jendouba, Tunisia

International Journal of Economics and Financial Issues, 2025, vol. 15, issue 4, 393-404

Abstract: The main purpose of this paper is to investigate the relationship between Green Growth (GGI), corporate social responsibility (CSR) and bank profitability measured by return on assets (ROA) and return on equity (ROE) in the Middle East and North Africa (MENA) region. It uses a sample of 40 MENA banks during the period 2010-2022 and performs the System Generalized Method of Moments (SGMM). Empirical findings of the analysis reveal that bank profitability is positively associated with the Green Growth index (GGI) only for the (ROE). We found that CSR practices increases the profitability of banks in the Middle East and North Africa. Furthermore, findings support evidence that banks adopting green growth strategies through CSR initiatives experience enhanced profitability. The results of this paper could have important policy implications for both policymakers and bankers in the MENA region.

Keywords: Green Growth; Corporate Social Responsibility; Profitability; Middle East and North Africa Banks; System Generalized Method of Moments (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econjournals.com/index.php/ijefi/article/download/19149/9035 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:v:15:y:2025:i:4:id:19149

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijefi

DOI: 10.32479/ijefi.19149

Access Statistics for this article

More articles in International Journal of Economics and Financial Issues from International Journal of Economics and Financial Issues
Bibliographic data for series maintained by Monica Sinhat ().