How does corporate social responsibility affect financial performance, financial stability, and financial inclusion in the banking sector? Evidence from Pakistan

Muhammad Ramzan, Muhammad Amin and Muhammad Abbas

Research in International Business and Finance, 2021, vol. 55, issue C

Abstract: This paper examines the impact of corporate social responsibility (CSR) on the financial performance, financial inclusion, and financial stability of the banking sector, focusing on annual data for 20 Pakistani commercial banks for the period 2008–2017. The results suggest that CSR, as well as age and size, has a positive impact on all three factors. However, high levels of leverage reduce financial inclusion and financial stability, while financial inclusion is also negatively associated with the tangibility of assets.

Keywords: Corporate social responsibility; Financial performance; Financial inclusion; Financial stability (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:55:y:2021:i:c:s0275531919301199

DOI: 10.1016/j.ribaf.2020.101314

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