Causal relationship between CSR and FB in banks

Abstract

The present study investigates the impact of corporate social responsibility (CSR) on financial performance (FB) of Lebanese banks. Based on panel data of seven Lebanese banks, a positive relation between CSR and financial performance have been found. The research findings contribute to understand that Lebanese performant banks would adopt volunteer actions that promote social responsibility actions. Moreover, highest profit lead for a better image and legitimacy once the investments are made into human, economic, community development and environmental protection.