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The financial involvement of the Lebanese banking sector in corporate social responsibility

Author

Listed:
  • Charbel Salloum

    (USEK - Université Saint-Esprit de Kaslik, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • Maher Al Sayah

    (USEK - Université Saint-Esprit de Kaslik, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • André Azouri

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

With its well adapted management and the guidance of the country's central bank, the Lebanese banks managed to cross over the 2008 financial crisis with an insignificant amount of damage. Due to the social, geographic and political environment, financial firms in this country have applied a special understanding of social responsibility that has demonstrated to be of an extreme significance for the society they serve. We will explain the way the Lebanese banking sector is involved in corporate social responsibility taking into consideration the environment it has managed to evolve in and to earn a kind of resiliency versus the crises. Social and positioning effects managed to statistically prove many widely known influencers to have small manipulations over CSR in Lebanon such as gender diversity, foreign nationals and even non-executive directors. Only the biggest Lebanese financial firms appear to take interest in CSR review publications at the moment

Suggested Citation

  • Charbel Salloum & Maher Al Sayah & André Azouri, 2015. "The financial involvement of the Lebanese banking sector in corporate social responsibility," Post-Print hal-01371860, HAL.
    • Handle: RePEc:hal:journl:hal-01371860
    DOI: 10.1504/EMJM.2015.072548
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    Cited by:

    1. Charbel Salloum & George Jabbour & Jacques Digout & Elias Gebrayel, 2015. "Managerial Dominance over the Board and Audit Committee Independence in Financial Institutions," Post-Print hal-01371710, HAL.

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