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A Dynamic Panel Analysis of the Financial Determinants of CSR in Bangladeshi Banking Industry

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Author(s): Md. Al Mamun | Kazi Sohog | Ayesha Akhter

Journal: Asian Economic and Financial Review
ISSN 2305-2147

Volume: 3;
Issue: 5;
Start page: 560;
Date: 2013;
Original page

Keywords: Corporate social responsibility (CSR) | Bangladeshi banking industry | Panel ARDL

ABSTRACT
Studies on corporate social responsibility (CSR) across the world mainly focus on the impact of CSR on a firm’s financial performance. However, there are hardly enough empirical evidences on the firm’s financial determinants of CSR expenditure. Therefore working with panel data from Bangladeshi banking industry over a period of 2002-2011, this study aims at augmenting the financial determinants of CSR expenditures in Bangladeshi banking industry. Results from panel ARDL model for 30 private commercial banks confirm that several financial determinants including total investment, no. of branch, and no. of employees have significant long run impact on the level of bank’s CSR expenditure and thereupon fulfilling firm’s commitment towards the greater society as a corporate citizen.

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