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Corporate Social Responsibility and Sustainable Development: A Study of Commercial Banks in Bangladesh

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  • Md. Ataur Rahman
  • Md. Ashraful Islam

Abstract

This paper investigates the practices of Corporate Social Responsibility (CSR) by commercial banks in Bangladesh and the achievement of sustainable development through this practice. The motive of this descriptive research is to look at the framework of CSR areas and contribution by the state-owned and private commercial banks to those areas during 2011-2017. This study reveals that commercial banks contribution in CSR is increasing every year and new CSR areas are being concentrated on by commercial banks as part of their responsibility to the society and more and more focus is being given to important CSR areas to achieve sustainable development. This study also shows that there is a positive relationship between CSR and sustainable development. This research effort suggests that a precise guideline by the government about CSR expenditure, large corporation¡¯s timely involvement in CSR activities and CSR disclosure in the bank¡¯s annual report will fulfill the desired objectives of the business organizations. These will also ensure the successful and sustainable development of the country.

Suggested Citation

  • Md. Ataur Rahman & Md. Ashraful Islam, 2019. "Corporate Social Responsibility and Sustainable Development: A Study of Commercial Banks in Bangladesh," Applied Economics and Finance, Redfame publishing, vol. 6(2), pages 6-14, March.
    • Handle: RePEc:rfa:aefjnl:v:6:y:2019:i:2:p:6-14
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    References listed on IDEAS

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    1. Salzmann, Oliver & Ionescu-somers, Aileen & Steger, Ulrich, 2005. "The Business Case for Corporate Sustainability:: Literature Review and Research Options," European Management Journal, Elsevier, vol. 23(1), pages 27-36, February.
    2. Oyewole Simon Oginni & Adewale Daniel Omojowo, 2016. "Sustainable Development and Corporate Social Responsibility in Sub-Saharan Africa: Evidence from Industries in Cameroon," Economies, MDPI, vol. 4(2), pages 1-15, May.
    3. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
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    Cited by:

    1. Wei Kong & Wenxiu Hu & Kaicheng Liao & Xiaoqiang Ma, 2021. "Local Financing Platform Loan and Performance of City Commercial Banks: Evidence from City Commercial Banks in China," Hacienda Pública Española / Review of Public Economics, IEF, vol. 238(3), pages 81-99, September.

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    More about this item

    Keywords

    corporate social responsibility; sustainable development; commercial banks; disclosure;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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