A Comparative Analysis of Corporate Social Responsibility Practices in the Banking Industry: The Case of Ghana and China (original) (raw)
Related papers
Corporate Social Responsibility: Contribution of the Banking Industry to the Social Cause
New paradigms of doing business with an eye on social responsibility are evolving as the world is facing economic scandals, social problems and environmental disasters. CSR therefore is not only drawing the corporate magnet into its parameter, but is also attracting educationalists, social activists, skill developers and reformists. All the corporate companies big or small are investing part of their profits to social cause that would bring about development and improvements in the society and contribute to the livelihood component. At the same time there are several business organizations committed towards the CSR for only enhancing their corporate image and to attract more investors. This paper aims to study the CSR activities as practised by the banking industry in India. The paper discusses which CSR activities the banks are engaged in, thereby bringing a sustainable positive change in the community and the environment.
An Empirical Study on Corporate Social Responsibility ( CSR ) in the Banking Sector
2019
CSR development has accumulated tremendous dynamism over the past number of years and is presently viewed as the most discussed topics by the government, non-government and business itself. This paper inspects people’s comprehension, desires and appraisal of the corporate social obligation (CSR) of HSBC Bank. This study has been conducted among the stakeholders and beneficiaries of the HSBC Bank. Reviews have been directed utilizing organized polls to fundamentally analyze the subjective impression of the significance, reasons and different parts of CSR errands of HSBC. This study proposes that a more exhaustive and others conscious association of the regular individuals in the CSR exercises is required, which would not just satisfy the expected objectives and targets of the corporate associations additionally guarantee a fruitful and sustainable advancement of the society.
Corporate social responsibility (CSR) practices in Islamic banks of Bangladesh
Social Responsibility Journal, 2021
Using Carroll's (1991) Corporate Social Responsibility (CSR) model, the study examines business CSR practices and stakeholders' expectations in Nigeria. Carroll's (1991) CSR model states that four kinds of social responsibilities constitute total CSR: economic, legal, ethical, and philanthropic. Both primary (survey) and secondary (the literature) data are used for the study. There are several stakeholders in business; but, for the purpose of the study employees, customers, shareholders, and local communities are identified as the main stakeholders in the context of the business environment in Nigeria. 240 questionnaires are administered to participants, selected through purposive sampling technique, in the six geopolitical zones of Nigeria. One hundred and fifty eight (158) questionnaires, representing 66% response rate, were duly completed and retuned for the study. The findings indicate that CSR is concerned with treating stakeholders ethically; and business should protect wide range of stakeholders' interest. We found that the four dimensions of CSR (economic, legal, ethical and philanthropic) are not ascribed equal importance in Nigeria. Nigeria's Stakeholders place more emphasis on economic, legal and ethical responsibilities than on philanthropic components. Understanding and effective management of stakeholders' as well as their expectations can enhance corporate image and competitive advantage. The implication for practice is that business needs to identify relevant stakeholders and integrate primary stakeholders' interests into organisational strategic planning. It shows that identification of stakeholders' groups is beneficial to business managers and decision-makers.
CORPORATE SOCIAL RESPONSIBILITY IN BANKING SECTOR: A LITERATURE REVIEW
2019
Changes in social system circumstances, have created new social demands and requirements of businesses. The attention of company social responsibility is frequently viewed as a possible device for taking care of social demands and response as businesses consciously assume responsibility for society. Corporate Social Responsibility is a thought whereby companies/banking institutions admit the rewards of society. Therefore the earth by forward responsibility for the impact of their exercises on partners, employees, investors, customers, environment instead of their gains and development. This paper aims at providing a review of quantitative and qualitative research on Corporate Social Responsibility in banking sectors. So, we tend to establish five issues of stress of CSR research during this sector. These issues are perception toward CSR, drivers, impacts, CSR practices, and CSR reporting. By doing this, we tend to raise some rising and missing issues that are derived from empirical practices. The new research direction proposed during this paper could facilitate to develop an improve understanding of CSR and encourage CSR implementation in the banking sector.
International Journal of Social Welfare Promotion and Management
The expectations on banks to improve their mutual relationships with society in reconciling their huge profit with the need to give back to society has left the banks with serious challenges of implementing innovative measures to boost and retain the confidence of stakeholders, meet local and international expectations, and enjoy both comparative and competitive advantages. Consequently, this study was designed to explore the challenges commercial banks in the Enugu metropolis face in implementing Corporate Social Responsibility (CSR) vis-à-vis the prospects. Four research questions and one hypothesis were formulated to guide the study. A questionnaire validated by three experts, subjected to test re-test reliability method and which overall Chronbach Alpha result yielded 0.72 coefficient, was used to collect data. The population comprised 140 middle-level and operational commercial bank managers spread across the three locations of the metropolitan city. Data collected were analyzed using mean, standard deviation, and ANOVA. The findings revealed that the banks were facing many challenges ranging from corruption to low reporting of their CSR based on Global Reporting Initiatives (GRI) indicators, and were therefore not realizing the desired prospects of CSR. There was no significant difference in the mean ratings of bank managers from the three locations of Enugu city on the challenges and prospects of CSR. It was, therefore, recommended, among others, that more stringent and enforceable regulatory measures should be put in place by both the relevant government agencies and the banks to check corruption; the banks should re-strategize for global reporting of their CSR activities on incremental rate until they cover all the GRI performance indicators. In-house training and sensitization exercises should also be conducted for the bank executives and other levels of managers to arm them to appreciate and take CSR more seriously to reap from the identified prospects.
Corporate Social Responsibility Practices in Banking Industry
Corporate social responsibility is getting more attention from public and business. Besides profit, public and business also concern whether corporations are operating socially responsible nowadays. Although the key objective of a business corporation is to earn maximum profits for shareholders or owners, it is expected to conduct its operations in a manner to fulfill its social obligations. Big corporations are expected to have more corporate social responsibility practices because they have more resources. This study is to examine the current practices of corporate social responsibility in three biggest banking corporations in Hong Kong. The selected banks are ranked top three in terms of total assets and net profit after tax in a banking survey of 2013. Similarities and differences of their practices are discussed in the study. The study provides insights to other banks in taking up the corporate social responsibility, such as resources allocation and action plan towards better community and environment etc. Furthermore, their practices may also act as references to other industries.
Practices Of Corporate Social Responsibility (Csr) In Banking Sector In India: An Assessment
Research Journal of Economics, Business and ICT, 2012
At present, the world over, there is an increasing awareness about Corporate Social Responsibility (CSR), Sustainable Development (SD) and Non-Financial Reporting (NFR). The contribution of financial institutions including banks to sustainable development is paramount, considering the crucial role they play in financing the economic and developmental activities of the world. In this paper authors have high lighting the CSR practices in Indian banking and financial institutions, different case studies and key findings of the study and a few conclusions. The present study is based on the case study method and an effort has made to know the status of CSR and strategies adopted for CSR in the Banking sector. Twelve banking and financial institutions are selected under stratified random sampling method from the vast network of banking and financial institutions of the country. Data are collected from the secondary sources most particularly from concerned Banks Annual Report, web sites, n...
Corporate social responsibility spending of commercial banks: determinants and consequence
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
The contribution of firms towards society in the form of corporate social responsibility has attracted significant concern for many stakeholders, especially among banks in Ghana. It is perceived that; banks especially do Corporate Social Responsibility just because they are the most profitable sector in Ghana. The study sort to examine the kind of relationship that exists between bank performance and CSR in Ghana. Also, to determine how bank size and profitability and it's listing status and foreign ownership influence CSR spending in Ghana. The study sampled 24 commercial banks over seven years from 2010 to 2016. The study analyzed data using statistical tools such as descriptive statistics, correlation analysis, and panel regression analysis. The study found out that engaging in CSR activities increases banks' profitability in Ghana, especially for ROE. Besides, the study concluded that bigger and larger banks are more profitable than small companies, so they are more inv...