Impact of Corporate Social Responsibility on Financial Performance of the Banking Industry of Pakistan

Abstract

Purpose of the study The purpose of this research is to investigate the banking industry's corporate social responsibility (CSR), CSR disclosure procedures, and their effects on financial performance. The findings show that overall CSR has increased. The findings and disclosure by every bank in the sample point to the involvement of commercial banks. Their accounting-based financial performance by participating in CSR initiatives and properly disclosing this information. The study's findings help to better understand CSR activities in the financial sector of a growing nation, which actively works to build its financial culture and can promote relations with the financial industry in Pakistan. Design: The literature can be explained by a wide variety of factors. Additionally, each factor's significance for this study is defined. Information was gathered for this study using a questionnaire design and a quantitative research methodology. There are 6 sections in the questionnaire. 170 respondents in all were contacted. Through the use of the statistical techniques and SPSS software, analysis has been performed. To make it simple to test the hypothesis, descriptive analysis employed tables and their analysis, while inferential analysis used the regression approach. These techniques were chosen in order to learn more about the subject thoroughly and in accordance with its nature. Findings: Examining the impact of Corporate Social Responsibility on financial performance is one of the general conclusions from this study (A study of banking industry). Practical Implications: 6 The banking industry can benefit from this journal's findings. It describes in detail the elements that enhance financial performance