The Role of Corporate Social Responsibility (CSR) in the Egyptian Banking Sector

Mona Kamal

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Corporate Social Responsibility (CSR); Egypt; Banking Sector; Profitability. (search for similar items in EconPapers)
JEL-codes: E50 G0 (search for similar items in EconPapers)
Date: 2013-03
New Economics Papers: this item is included in nep-ara, nep-hme and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44697

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