Causal relationship between CSR and FB in banks

Amal Abou Fayad, Razan Ayoub, Maysam Ayoub

Thepresent study investigates the impact of corporate social responsibility (CSR)onfinancial performance (FB) of Lebanese banks. Based on panel data of seven Lebanese banks, a positive relation between CSR and financial performance have been found. The research findings contribute to understand that Lebanese performant banks would adopt volunteer actions that promote social responsibility actions. Moreover, highest profit lead for a better image and legitimacy once the investments are made into human, economic, community development and environmental protection.

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Year of publication:	December 2017
Authors:	Fayad, Amal Abou ; Ayoub, Razan ; Ayoub, Maysam
Published in:	Arab economic and business journal. - Amsterdam [u.a.] : Elsevier, ISSN 2214-4625, ZDB-ID 2745442-3. - Vol. 12.2017, 2, p. 93-98
Subject:	Corporate social responsibility \| Corporate governance \| Financial performance \| ROA \| ROE \| Corporate Social Responsibility \| Corporate Governance \| Bank \| Unternehmenserfolg \| Firm performance \| Stakeholder \| Europa \| Europe