Impact of Corporate Social Responsibility on Corporate Performance: A Study on Commercial Banks of Bangladesh

Abstract

This study is focused on the influences of corporate social responsibility on the performance of the commercial banks of Bangladesh. Most of the commercial banks are covered in this study. The   independent variable (corporate social responsibility) have been analyzed by several indicators. Primary data has been collected from 200 respondents through a self-administered questionnaire and secondary data has been collected from recently published articles, research papers, annual report, conference proceedings, survey report, internship report, and websites etc. which are relevant to the subject matter of the study. To measure reliability and validity of the study, reliability statistics and KMO and Bartlett's Test have been adopted. In both test the sample size and data are proved to be reliable and valid for the study. To measure the relationship between corporate social responsibility and corporate performance, regression and correlation method have been done. The regression coefficients of most of the indicators of independent variable have significant values to prove the sufficient influence on the dependent variable (corporate performance). The correlation coefficient also proves a strong relationship between dependent and independent variable. The study concludes that as there is huge impact of social responsibility on corporate performance, the corporations should be ethically responsible and go forward for providing more contribution to the society to make sure sustainable growth of the industry and betterment of the people of the country.

Keywords: Corporate Social Responsibility, Corporate Performance, CSR practices.

DOI: 10.7176/EJBM/11-5-02