Corporate social responsibility and green financing behavior in Bangladesh: Towards sustainable tourism

Md. Hasanur Rahman, Tipon Tanchangya, Junaid Rahman, Most. Asikha Aktar and Shapan Chandra Majumder

Innovation and Green Development, 2024, vol. 3, issue 3

Abstract: The purpose of the study is to investigate the interrelationship between corporate social responsibility (CSR) practices and green finance (GF) behavior and their collective impact on attaining sustainable tourism in Bangladesh. The study is based on a conceptual method. The relevant information is derived from different websites, publications, and research articles. The tourism industry is an emerging business industry in Bangladesh that has been gradually attracting both domestic and international tourists due to its natural and cultural heritage, diverse landscapes, and historical sites. This industry has been creating job opportunities, alleviating poverty, increasing economic growth, and helping to achieve the SDGs. However, the study found a positive impact between CSR and the adoption of green finance. It demonstrates how businesses that combine CSR practices with green finance can help Bangladesh establish a sustainable tourism industry. Moreover, the result showed that integrating CSR with green finance has encouraged sustainable tourism. In order to achieve sustainable tourism, collaboration with relevant parties has to be enhanced. An education and awareness program has to be implemented to make the business aware of the benefits of CSR practices. Tax incentives and subsidies for corporations will encourage them to engage more in green finance.

Keywords: Corporate social responsibility; Green finance; Sustainability; Sustainable tourism; CSR practices in Bangladesh (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2949753124000109
Open-access

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:eee:ingrde:v:3:y:2024:i:3:s2949753124000109

DOI: 10.1016/j.igd.2024.100133

Access Statistics for this article

Innovation and Green Development is currently edited by Hai-Jie Wang and Chun-Ping Chang

More articles in Innovation and Green Development from Elsevier
Bibliographic data for series maintained by Catherine Liu ().