Journal of Finance and Accounting

| Peer-Reviewed |

Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh

Received: 08 December 2015    Accepted: 19 December 2015    Published: 30 December 2015
Views:       Downloads:

Share This Article

Abstract

Corporate social responsibility (CSR) is now not a matter of the developed countries only but it is getting increased attention in developing countries like Bangladesh also. A strong perception has developed in recent years among the business managers in Bangladesh that they need to manage their organizations in a socially responsible way for economic viability and long term sustainability in the competitive marketplace. The paper aims to clearly understand the nature of CSR, investigates its evolution in Bangladesh, identifies the opportunities and challenges of CSR practices of banking sector in our country, and also makes some recommendations to overcome those challenges and make the CSR practice a success. Primary and Secondary data collection methods were used to conduct the study. From the study it is anticipated that there will be tremendous growth of CSR initiatives by many national and multinational companies in future.

DOI 10.11648/j.jfa.20150306.20
Published in Journal of Finance and Accounting (Volume 3, Issue 6, November 2015)
Page(s) 234-246
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Corporate Social Responsibility, Social Performance, Challenges and Opportunities, Societal Marketing

References
[1] Abedin Ahmed, Md. Kayssar. (2013). Corporate Social Responsibility Practices of Commercial Banks in Bangladesh: A Case Study on Southeast Bank Ltd. Journal of Business and Management, Volume 12, Issue 1, 13-18.
[2] Alam, S. M. S. Hoque, S. M. S. and Hosen, M. Z. (2010). Corporate Social Responsibility of Multinational Corporation in Bangladesh: A case study on Grammen Phone. Journal of Pathuakhali Science and Technology University, Vol. 02 No. 01, 51-61.
[3] Arafin, Shaikh. Shamsul, and Hossain. Shamim. (2013). An Overview of Corporate Social Responsibility Activities in Bangladesh: A Study on Commercial Banks. Journal of Business Studies, Vol. 6, 81-96.
[4] Friedman, Milton. (1970). The Social Responsibility of Business is to Increase its Profits. The New York Times Magazine.
[5] Belal, Ataur. R. (2001). A study of corporate social disclosures in Bangladesh. Managerial Auditing Journal, 16 (5), 274-289.
[6] Rangan, Kash, Chase, Lisa. A. and Karim. Sohel. (2012). Why Every Company Needs a CSR Strategy and How to Build It. Harvard Business School. Working Paper 12-88.
[7] Md. Masud Rana, Abul Kalam and Md. Halimuzzaman (2012).Corporate Social Responsibility (CSR) Of Dutch-Bangla Bank Limited: A Case Study. Bangladesh Research Publications Journal, Volume: 7, Issue: 3, 241-247.
[8] Mehta, Tushna. and Majumdar, Aloka. (2012). HSBC: CSR for Corporate Sustainability. Vikalpa, Vol. 37, No. 2, 90-93.
[9] Nimalathasan, B. (2009). Social Responsibility of Business: A Case Study of Grameen Phone in Bangladesh”. Annals of University of Bucharest. Economic and Administrative Series, Vol. 3, 227-236.
[10] Rahman, Atiur. (2013). Evolution of CSR in Bangladesh and Future Challenges. CSR Review, Vol. 10, 1-4.
[11] Review of CSR Activities of Financial Sector- 2012 (August, 2013). Published by Bangladesh Bank.
[12] Review of CSR Initiatives in Banks (2008 & 2009) (April, 2010). Published by Bangladesh Bank.
[13] Review of CSR Initiatives of Banks- 2011 (July, 2012). Published by Bangladesh Bank.
[14] New Hampshire Businesses for Social Responsibility. Corporate Social Responsibility Issues. Retrieved on 05.01.2014.
Author Information
  • Department of Business Administration, Faculty of Business Studies, Pabna University of Science and Technology, Pabna, Bangladesh

Cite This Article
  • APA Style

    Masud Rana. (2015). Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh. Journal of Finance and Accounting, 3(6), 234-246. https://doi.org/10.11648/j.jfa.20150306.20

    Copy | Download

    ACS Style

    Masud Rana. Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh. J. Finance Account. 2015, 3(6), 234-246. doi: 10.11648/j.jfa.20150306.20

    Copy | Download

    AMA Style

    Masud Rana. Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh. J Finance Account. 2015;3(6):234-246. doi: 10.11648/j.jfa.20150306.20

    Copy | Download

  • @article{10.11648/j.jfa.20150306.20,
      author = {Masud Rana},
      title = {Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh},
      journal = {Journal of Finance and Accounting},
      volume = {3},
      number = {6},
      pages = {234-246},
      doi = {10.11648/j.jfa.20150306.20},
      url = {https://doi.org/10.11648/j.jfa.20150306.20},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jfa.20150306.20},
      abstract = {Corporate social responsibility (CSR) is now not a matter of the developed countries only but it is getting increased attention in developing countries like Bangladesh also. A strong perception has developed in recent years among the business managers in Bangladesh that they need to manage their organizations in a socially responsible way for economic viability and long term sustainability in the competitive marketplace. The paper aims to clearly understand the nature of CSR, investigates its evolution in Bangladesh, identifies the opportunities and challenges of CSR practices of banking sector in our country, and also makes some recommendations to overcome those challenges and make the CSR practice a success. Primary and Secondary data collection methods were used to conduct the study. From the study it is anticipated that there will be tremendous growth of CSR initiatives by many national and multinational companies in future.},
     year = {2015}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Corporate Social Responsibility (CSR): Opportunities and Challenges of Banking Sector in Bangladesh
    AU  - Masud Rana
    Y1  - 2015/12/30
    PY  - 2015
    N1  - https://doi.org/10.11648/j.jfa.20150306.20
    DO  - 10.11648/j.jfa.20150306.20
    T2  - Journal of Finance and Accounting
    JF  - Journal of Finance and Accounting
    JO  - Journal of Finance and Accounting
    SP  - 234
    EP  - 246
    PB  - Science Publishing Group
    SN  - 2330-7323
    UR  - https://doi.org/10.11648/j.jfa.20150306.20
    AB  - Corporate social responsibility (CSR) is now not a matter of the developed countries only but it is getting increased attention in developing countries like Bangladesh also. A strong perception has developed in recent years among the business managers in Bangladesh that they need to manage their organizations in a socially responsible way for economic viability and long term sustainability in the competitive marketplace. The paper aims to clearly understand the nature of CSR, investigates its evolution in Bangladesh, identifies the opportunities and challenges of CSR practices of banking sector in our country, and also makes some recommendations to overcome those challenges and make the CSR practice a success. Primary and Secondary data collection methods were used to conduct the study. From the study it is anticipated that there will be tremendous growth of CSR initiatives by many national and multinational companies in future.
    VL  - 3
    IS  - 6
    ER  - 

    Copy | Download

  • Sections