Influences of Non-economic Responsibilities on Economic Responsibilities: A study on Consumers of Banking Industry in Sylhet

Abstract

Corporate social responsibility (CSR) comprises of economic, legal, ethical and philanthropic responsibilities. However, these aspects of CSR may have significant influence over each other. The rest of the aspects of CSR may influence specifically the most critical aspect of CSR, economic responsibilities. Therefore, the aim of this study is to evaluate the impact of philanthropic, ethical, and legal responsibilities on economic responsibilities of banks. In total 250 customers of different banks in sylhet district were surveyed for the study. Multiple linear regression method in SPSS was used to analyze the data. Among the non-economic dimensions of CSR, the ethical and philanthropic responsibilities found to be significant influencer of economic responsibilities of CSR. On the other hand, the legal responsibilities was concluded as an insignificant influencer of economic responsibilities. More precisely, one percent increase in ethical responsibility will increase the economic responsibility by 50 percent and alike one percent development in philanthropic responsibility will increase the economic responsibility by 20 percent.