The Impact of Corporate Social Responsibility on Financial Performance, Financial Stability and Financial Inclusion in the Iranian Banking Sector

Subject Areas : Journal of Capital Market Analysis

Seyed hossein Ahmadi Langari ¹ , Ali khozein ²

1 - Department of Accounting, Gorgan Branch, Islamic Azad University, Gorgan, Iran.
2 - Department of Accounting, Aliabad Katoul Branch, Islamic Azad University, Aliabad Katoul, Iran.

Received: 2021-12-24 Accepted : 2022-02-14 Published : 2022-02-20

Keywords: Financial Performance, Corporate Social Responsibility, Financial stability, Financial inclusion,

Abstract :

The importance of access to financial services at the community level is not hidden from economic actors, and for a long time now, human activities have been closely related to social activities, so that in recent years, social responsibility of banks and its reporting has become very important. Many countries have considered this concept in order to deal with the problems related to unemployment, poverty, pollution and other social problems, and through the implementation of social activities in a desirable and diverse way, have responded to various foreign groups. Based on social responsibility, banks are committed to carry out their activities for the benefit of society as a whole and to gain their satisfaction. The present study on the impact of corporate social responsibility (CSR) on financial performance (FP), financial stability (FS) and financial inclusion (FI) in the Iranian banking sector, focusing on data from 17 banks over 5 years for the financial period 2016-2020 Was tested by SPSS version 22 with three hypotheses. The results of this study showed that corporate social responsibility has a positive and significant effect on financial performance and financial stability, but the relationship between corporate social responsibility does not have a positive and significant effect on financial inclusion.