The financial involvement of the Lebanese banking sector in corporate social responsibility

Charbel Salloum (), Maher Al Sayah and André Azouri
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Charbel Salloum: USEK - Université Saint-Esprit de Kaslik, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Maher Al Sayah: USEK - Université Saint-Esprit de Kaslik, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
André Azouri: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine

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Abstract: With its well adapted management and the guidance of the country's central bank, the Lebanese banks managed to cross over the 2008 financial crisis with an insignificant amount of damage. Due to the social, geographic and political environment, financial firms in this country have applied a special understanding of social responsibility that has demonstrated to be of an extreme significance for the society they serve. We will explain the way the Lebanese banking sector is involved in corporate social responsibility taking into consideration the environment it has managed to evolve in and to earn a kind of resiliency versus the crises. Social and positioning effects managed to statistically prove many widely known influencers to have small manipulations over CSR in Lebanon such as gender diversity, foreign nationals and even non-executive directors. Only the biggest Lebanese financial firms appear to take interest in CSR review publications at the moment

Keywords: Corporate social responponsabilities CSR; Lebanon; Banking industry (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

Published in EuroMed Journal of Management, 2015, 1 (1), pp.21-39. ⟨10.1504/EMJM.2015.072548⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01371860

DOI: 10.1504/EMJM.2015.072548

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