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

Masud Rana

doi:doi:10.11648/j.jfa.20150306.20

| Peer-Reviewed

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

Masud Rana

Published in Journal of Finance and Accounting (Volume 3, Issue 6)

Received: 8 December 2015 Accepted: 19 December 2015 Published: 30 December 2015

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

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.

Published in	Journal of Finance and Accounting (Volume 3, Issue 6)
DOI	10.11648/j.jfa.20150306.20
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), 2015. 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.

Cite This Article

Plain Text BibTeX RIS

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://article.sciencepublishinggroup.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

Author Information

Masud Rana

Department of Business Administration, Faculty of Business Studies, Pabna University of Science and Technology, Pabna, Bangladesh

Download PDF

Sections

Plain Text BibTeX RIS

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://article.sciencepublishinggroup.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