Corporate Social Responsibility (CSR) and Issue to Corporate Financial Performance (CFP): An Empirical Evidence on Dhaka Stock Exchange (DSE) Listed Banking Companies in Bangladesh

Abstract

The newly developed and talked concept in the form of business is the “social and community enterprise” which provides corporations to act in socially responsive ways. Now business enterprises move beyond only philanthropic acts toward a more sustainable form ensuring long term commitments to societies and communities. Social responsibility communication has now become a critical issue for many established companies. This paper gives an insight into the practice and experience of social commitment and empirically examines the impact of corporate social responsibility (CSR) on Corporate Financial performance (CFP) of the banking companies. A detailed questionnaire survey has been carried out to know the perceptions of CSR under the heading of ten perceptions. The study reveals that most of the companies strongly support in favor of “Ethical Conduct in Business”. Beside this, majority of the social & professional groups strongly support in favor of “Prevention from environmental pollution”. It considers key issues of CSR strategy options, considerations and factors denoting the CSR strategy and success. Finally the study opines focusing on environmentally friendly business that issues to financial performance.

Key words: Corporate Social Responsibility (CSR), Annual Report of Banks, Corporate Financial Performance (CFP).