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Corporate Social Responsibility and Ethical Banking for Developing Economies

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  • N Dorasamy
Abstract
Corporate social responsibility is being increasingly considered vital for organizational success and sustainable growth, especially in view of corporations operating in an environment with multiple stakeholder interests. Investment in CSR should not been seen as an expense, but rather the allocation of resources to strengthen relationships with stakeholders in an endeavour to reap the multifaceted benefits of such investments Financial institutions like banks need to be seen as leading organizations who engage in social activities that uplift society, the environment and economy. The article analyses significant areas of corporate social responsibility for banks which are integral for customers, government, suppliers, citizens, employees and global partners for enhancing the responsibility of banks to a diverse range of stakeholders who have an interest in the banks. This ‘common good’ reputation can provide several advantages to banks which further impacts on the performance of banks.

Suggested Citation

  • N Dorasamy, 2013. "Corporate Social Responsibility and Ethical Banking for Developing Economies," Journal of Economics and Behavioral Studies, AMH International, vol. 5(11), pages 777-785.
    • Handle: RePEc:rnd:arjebs:v:5:y:2013:i:11:p:777-785
    DOI: 10.22610/jebs.v5i11.450
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    References listed on IDEAS

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    1. Carroll, Archie B., 2000. "Ethical Challenges for Business in the New Millennium: Corporate Social Responsibility and Models of Management Morality," Business Ethics Quarterly, Cambridge University Press, vol. 10(1), pages 33-42, January.
    2. Leire San-Jose & Jose Retolaza & Jorge Gutierrez-Goiria, 2011. "Are Ethical Banks Different? A Comparative Analysis Using the Radical Affinity Index," Journal of Business Ethics, Springer, vol. 100(1), pages 151-173, April.
    3. Dima Jamali & Ramez Mirshak, 2007. "Corporate Social Responsibility (CSR): Theory and Practice in a Developing Country Context," Journal of Business Ethics, Springer, vol. 72(3), pages 243-262, May.
    4. Cassel, Douglass, 2001. "Human Rights and Business Responsibilities in the Global Marketplace," Business Ethics Quarterly, Cambridge University Press, vol. 11(2), pages 261-274, April.
    5. Hayam Wahba, 2008. "Exploring the moderating effect of financial performance on the relationship between corporate environmental responsibility and institutional investors: some Egyptian evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(6), pages 361-371, November.
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    Cited by:

    1. Marina Brogi & Antonella Cappiello & Valentina Lagasio & Fabrizio Santoboni, 2022. "Determinants of insurance companies' environmental, social, and governance awareness," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1357-1369, September.
    2. Francisco Javier Forcadell & Elisa Aracil, 2017. "European Banks' Reputation for Corporate Social Responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(1), pages 1-14, January.
    3. Nikola LEVKOV & Nikolina PALAMIDOVSKA-STERJADOVSKA, 2019. "Corporate Social Responsibility Communication In Western Balkans Banking Industry: A Comparative Study," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 11(3), pages 17-30, September.
    4. Ishmael Botshabelo & Christian Mbekomize & Percy Phatshwane, 2017. "Corporate Social Responsibility Reporting in Banking Industry: An Analysis of Disclosure Levels in Botswana," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(12), pages 224-224, November.
    5. María del Carmen Valls Martínez & Pedro Antonio Martín-Cervantes & Sandra Peña Rodríguez, 2021. "Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin," Sustainability, MDPI, vol. 13(21), pages 1-22, October.
    6. Reyes Samaniego-Medina & Pilar Giraldez-Puig, 2022. "Do Sustainability Risks Affect Credit Ratings? Evidence from European Banks," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(61), pages 720-720, August.

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