Author

  • N Dorasamy

    • Durban University of Technology, KwaZulu-Natal, South Africa
    • South Africa

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.

Keywords

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How to Cite

Dorasamy, N. (2013). Corporate Social Responsibility and Ethical Banking for Developing Economies. Journal of Economics and Behavioral Studies, 5(11), 777-785. https://doi.org/10.22610/jebs.v5i11.450

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Section

Research Paper

Published in

Vol. 5 No. 11 (2013) Energy, Management & Behavioural Finance View issue contents

Published

2013-11-30

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