Advancing Healthcare through Corporate Social Responsibility: A Study of Bangladesh’s Banking Sector| Chapter 4 | Economics, Business and Management: Recent Advances Vol. 1

 

Corporate Social Responsibility (CSR) has shifted from a philanthropic activity to a strategic business practice, especially in Bangladesh’s banking sector, where it plays a crucial role in healthcare improvements. The contribution of CSR by banks in Bangladesh has been influential in addressing critical societal needs and enhancing community well-being. Through their CSR initiatives, banks in Bangladesh are actively involved in promoting education, environmental sustainability, and particularly healthcare, reflecting a strong commitment to societal development. This chapter investigates how Bangladeshi banks have integrated CSR into their operations, aligning efforts with national health goals. Using content analysis of publications from the Bangladesh Central Bank and other sources, the study outlines the transition from basic charitable actions to more impactful CSR interventions. Under the Bangladesh Bank’s regulatory framework, banks are required to allocate a portion of profits to CSR, particularly focusing on healthcare, education, disaster relief, and environmental sustainability. The research highlights key healthcare initiatives such as infrastructure development, funding medical camps, and promoting public health awareness. Fluctuations in healthcare-related CSR spending from 2019 to 2023 are examined, showing a peak in 2021, followed by a decline due to political and economic instability. The study stresses the need for stronger oversight, strategic partnerships, and long-term healthcare investments to ensure sustainable outcomes. Bangladesh Bank has initiated several measures to integrate FI with social welfare activities, reflecting a comprehensive engagement of the banking sector in CSR to combat poverty, empower women, improve educational and healthcare facilities, handle disasters, and enhance cultural richness. The variability in expenditure, influenced by external political and economic factors, underscores the need for stronger regulatory frameworks and strategic partnerships. By aligning CSR activities with national health goals and enhancing transparency, banks can ensure that their contributions to healthcare are both impactful and sustainable. Recommendations include aligning CSR strategies with national health objectives, enhancing transparency, and collaborating with healthcare providers and NGOs. Further research is suggested to evaluate the direct impact of these initiatives on healthcare outcomes to ensure long-term effectiveness.

 

 

Author(s) Details

Shamsul Sarkar
Healthcare and Community Service Professional, Sydney, Australia.

 

Sharmin Islam
Eastern University, Dhaka, Bangladesh.

 

Shafiqur Rahman

Business, Int’l Open University, The Gambia.

 

Md Moniruzzaman
Amazing Dental Signature, Dhaka, Bangladesh.

 

Afruza Haque
DUET, Bangladesh.

 

Faiyaz Rahman
Komatsu, NSW, Australia.

 

Gazi Farid Hossain
King's Own Institute, Australia.

 

Please see the book here :- https://doi.org/10.9734/bpi/ebmra/v1/6991

 

Sustainable Livelihood Generation and Community Development: Understanding “Explicit” CSR in Odisha | Chapter 9 | New Advances in Business, Management and Economics Vol. 10

 

Corporate social responsibility becomes significant in India as a powerful framework promoting community development. It justifies business-community interlace by developing a structured approach for sustainable development. Seeing the inadequacy of Government-led community development initiatives in India, these Multinational companies have gained social power and recognition to have been transformed from economic to social dimensions. These CSR activities are rendered in two phases of implicit and explicit CSR, where the former understands the CSR activities on the internal members of the company, like suppliers, investors, etc, and the latter is the CSR activities on the larger community located in the periphery of the company, focusing on community sustainable development. Business success is measured not just by financial returns but also by long-term resilience and social equity. The study examines the role of CSR in Odisha in fostering sustainable and inclusive development by generating livelihoods among underprivileged women. The companies mostly focus on healthcare, infrastructure, education, environmental sustainability, income generation, and women's empowerment. The overall CSR initiatives of the company towards community development include health care practices, education initiatives, sanitation and hygiene, and livelihood generation through SHG. The study utilises descriptive and exploratory research designs with a sample size of one hundred women collected from ten different SHGs chosen through simple random sampling from the field area of Dalmia Bharat Foundation (DBF), Cuttack, Odisha. The data analysis depicts both secondary analysis of the company's annual sustainability report and the primary sources of data collection. The findings emphasize that a practical assessment of CSR through a gender lens has become essential for comprehending the discourses surrounding community development parameters. It emphasises the respondent’s mobility, personal development, and decision-making capabilities, which have evolved through economic independence and have brought a resultant social empowerment.

 

 

Author(s) Details

Manosmita Mahapatra
Department of Sociology, Ravenshaw University, Cuttack, Odisha, 753003, India.

 

Please see the book here :- https://doi.org/10.9734/bpi/nabme/v10/6362

A Comparative Study on Corporate Social Responsibility between Two Selected Companies in India | Chapter 12 | New Ideas Concerning Arts and Social Studies Vol. 2

Corporate Social Responsibility defies the company’s moral and social responsibility to the stakeholders, i.e. environment, people, society and community development at large. This study aims to exhibit the impact of the CSR activities of selected companies on consumer perception. The second part of the study highlights the amount of CSR expenditure spent by Dabur India Ltd. and Marico Ltd for the financial years 2018-19 to 2022-23, covering different areas like promotion of preventive healthcare, environmental sustainability, promotion of education and community development. Regarding CSR expenditure, Dabur India Ltd. spent more funds than Marico Ltd for the financial years 2018-19 to 2022-23. The findings revealed that Dabur India Ltd. mainly focus on contributing CSR funds in promoting preventive healthcare and promoting education, and Marico Ltd. contributes more funds to environmental sustainability. Both companies spent more funds during the financial years 2018-19 to 2022-23 than the prescribed limit of CSR expenditure. Regarding consumers’ perception, the results also showed that male respondents are more aware of the CSR activities than female respondents. Both neglected the CSR areas like disaster management measures, contribution towards the protection of the National heritage and benefits of armed force veterans. Both companies must disclose the CSR reporting in their Annual Reports for the sake of stakeholders and investors at large.

 

Author (s) Details

 

Sankar Paul
WBES, Post Graduate Department of Commerce, Hooghly Mohsin College, India.

 

Please see the book here:- https://doi.org/10.9734/bpi/nicass/v2/5203

Corporate Social Responsibility and Shareholders’ Wealth of Listed Manufacturing Firms on the Nigerian Exchange Group PLC (NGX)| Book Publisher International

 This study determined the effect of corporate social blame on shareholders’ wealth of mechanical goods manufacturing firms filed on the Nigerian Exchange Group plc (NGX). A sample of Ten (10) listed industrial merchandise manufacturing firms was selected from a study populace of 24 industrial firms filed on the Nigerian Exchange Group plc (NGX) as at 31st December, 2020. This sample size was purposively picked based on the availability of complete annual reports for 18 age beginning from 2003 to 2020. With the aid of Econometrics Views (EViews) mathematical software, the formulated research theories and data collected, were analysed utilizing descriptive and inferential enumerations, multiple reversion, fixed and random belongings estimators, stationarity test of all research variables and residuals of six research models, cross-section reliance test, Durbin Watson test and the Hausman test. The study revealed that corporate public responsibility to institution, corporate social accountability to suppliers and corporate social blame to customers had non-important negative relationships with financial value added while allied social responsibility to operators and corporate friendly responsibility to tax authorities had important negative relationships with business-related value additional. However, corporate social maturity to lenders had a non-significant positive connection with economic profit added. These judgments have therefore, provided the requested evidence needed to prove our apriori anticipation that the corporate friendly responsibility practices of industrial merchandise firms in Nigeria are not generating additional worth for shareholders. CSR managers in the industrial goods area of Nigeria should use shareholders’ collaterals ethically and responsibly when fulfilling their firms’ allied social responsibilities. The study approves among others that the managers of mechanical goods firms in Nigeria endure desist from rent-seeking, non-announcement of CSR expenditures and indiscriminate CSR payments. The study also approves as follows: improved connections with employees, fair trades with suppliers and customers and decline in the currently extreme leverage ratios.

Author(s) Details:

Inyang, William Smart,
Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Nigeria.

Please see the link here: https://stm.bookpi.org/CSRSWLMFNEGPLC/article/view/10892

Determining the Relationship between Corporate Social Responsibility and Company Profitability in Zimbabwe: A Case of a Listed Telecommunication Company | Chapter 4 | Current Aspects in Business, Economics and Finance Vol. 4

 The investigation and analysis of the relationship between corporate social responsibility (CRS) and company profitability in Zimbabwe is the aim of the study. The concept of sustainable development emphasises that businesses should prioritise financial and business results in addition to paying attention to their local environment, society, and community. CSR is considered to be a key element of strategic planning. It might lead to higher business profitability. The study employed Stata as the statistical tool and the Vector Auto Regression (VAR) model of regression analysis to investigate the impact of CSR on profitability. Correlation and regression analysis were used to analyse secondary data taken from the annual reports of a Zimbabwean Listed Private Limited company, and the hypothesis was assessed. In Zimbabwe, the telecommunications sector is at the forefront of the information age and is essential to a company's success and long-term viability. Out of the three mobile telecom companies under the Ministry of Information, Communication Technology, Postal and Courier Services, the company served as Zimbabwe's sole publicly traded mobile telecoms provider from 2010 to 2015. (MICTPCS). In its capacity as the industry's regulating body, MICTPCS promotes mobile telecommunications companies to include CSR as a client-focused component of their daily operations. The study's findings indicate that CSR has no appreciable effect on profitability and that there is no causal relationship between it and either [1-3]. Zimbabwe lacks a corporate social responsibility policy; businesses participate voluntarily as a marketing strategy. A policy must be created and implemented to ensure that organisations act ethically.

Author(s) Details:

Banele Dlamini,
Department of Accounting and Finance, Lupane State University, Zimbabwe.

Please see the link here: https://stm.bookpi.org/CABEF-V4/article/view/8288

The Nexus of CSR and Business Environmental Complexity, Munificence and Dynamism: Theory and Evidence | Chapter 3 | Current Aspects in Business, Economics and Finance Vol. 3

 The literature is replete with evidence of the CEO's focused influence on businesses' Corporate Social Responsibility (CSR) initiatives. It would be interesting and extremely important to look into the strategic decisions that the CEO made about stakeholder management when faced with various aspects of company conditions, given that his or her self-interest is different from that of shareholders, who want to maximise value. The research, which builds on agency theory, presents a theoretical framework to heuristically explain and clarify the linkages between a firm's CSR engagements and the market complexity, munificence, and dynamism, which are the three characteristics of the business environment. In addition, I empirically gauge the market parameters and evaluate hypotheses derived from the analytical model.  It is discovered that CEOs typically invest more in CSR in competitive markets, less in CSR in charitable markets, and more in charitable markets that are dynamic and unpredictable. These findings are consistent with the theoretical implications. The results demonstrate the value relevance of CSR initiatives and are consistent with earlier research.

Author(s) Details:

Yankuo Qiao,
Financial Research Center, Fudan Development Institute (FDDI), Fudan University, Shanghai, China and The George B. Delaplaine Jr. School of Business, Hood College, Frederick, USA.

Please see the link here: https://stm.bookpi.org/CABEF-V3/article/view/7976

Corporate Social Responsibility – Impact for Airlines & Passengers | Chapter 02 | Research Developments in Science and Technology Vol. 6

 Varied business models (low-cost and network carriers) use different approaches to their external strategy, which impacts communication, marketing, and internal cost structure. The differences between the two models are discussed in general, as well as in light of the current trend toward more sustainable and transparent business strategies, with a focus on consumers. A quantitative empirical study was conducted to examine the perceptions of the two airline business models. In addition, the relevance of corporate social responsibility (CSR) in the airline industry was evaluated, as well as a look at how flyer behaviour has changed as a result of the COVID-19 problem. In this study, a correlative method was used to assess the relationship between the various variables. According to the findings, corporate social responsibility (CSR) has an important role. The study discovered that CSR is important to passengers' thinking, particularly in terms of charity and legal obligations, and that concerns about environmental responsibility grew in popularity during the COVID-19 epidemic. COVID-19 did not appear to cause a demand change among company models, and passengers' perceptions of CSR did not differ between models.

Author(S) Details

Peter Wild
ETH Zurich (Swiss Federal Institute of Technology Zurich), Department of Mechanical and Process Engineering, Leonhardstrasse 21, 8092 Zürich, Switzerland.

View Book:- https://stm.bookpi.org/RDST-V6/article/view/7008

Corporate Tax and Stakeholders’ Benefits in a Challenging Economy: Evidence from Nigeria | Chapter 11 | New Innovations in Economics, Business and Management Vol. 9

 The purpose of the study was to look into the link between company taxes and stakeholder benefits (employees, investors, and the host communities). The study focused on the link between corporation taxes and employee pay, dividends, and corporate social responsibility (expenditure). Data on chosen manufacturing enterprises was acquired from the companies' published annual financial statements using a descriptive research approach. With the help of E-views software, data was analysed using Ordinary Least Squares. Corporate tax and wage occurrences, as well as corporate tax and dividend payment, were found to have a strong link. Furthermore, it was discovered that the selected businesses' corporation tax and corporate social expenditure had a strong, positive link. As a result, by implication the research found that paying taxes motivates people to work more, implying higher wages for employees, more dividend payments, and more money to spend on corporate social responsibility.

Author(S) Details

Benson Pyagbara Timah
University of Port Harcourt, Rivers State, Nigeria.

View Book:- https://stm.bookpi.org/NIEBM-V9/article/view/6890

Livelihood Development through Kenena Sugar Company’s CSR Case study of Fongoga Cluster Community | Chapter 10 | New Innovations in Economics, Business and Management Vol. 4

 According to the findings, livestock ownership is mostly limited to resident households who own a modest number of small ruminants and poultry and sell them to cover food and medical bills. Corporate social responsibility (CSR) refers to techniques through which corporations, firms, or companies conduct their business in an ethical, community-friendly, and development-oriented manner. The importance of Kenena Sugar Company's CSR in community development in the Fongoga Cluster community is highlighted in this article. Primary data was obtained in a face-to-face interview session utilising a questionnaire designed to cover all areas of the investigation in open and closed-ended questions. The study enlisted the participation of 42 homes. According to the findings, the company's intervention and operations in the investigated community had a favourable impact on the livelihoods of some of the households.

Author(S) Details

Hind Bushra Ahmed Ibrahim
School of Rural Extension Education and Development (REED), Ahfad University for Women, P.O.Box 167, Omdurman, Sudan.

Ali Mohayad Bannaga
School of Rural Extension Education and Development (REED), Ahfad University for Women, P.O.Box 167, Omdurman, Sudan.

View Book:- https://stm.bookpi.org/NIEBM-V4/article/view/5337

A Study on Corporate Social Responsibility in Introducing Drag Racing to Fight Illegal Motorbike Racing | Chapter 12 | Insights into Economics and Management Vol. 9

 Corporate social responsibility (CSR) has become a major source of competitive advantage in today's economic environment, and it has become popular among firms to maintain their image and contribute to their success. This article will use a drag race known as the Sprint Test to study how CSR can aid in the reduction of social concerns. This research is based on data collected from racers via questionnaires handed out at the race. To further understand the impact of the race event on the local community, in-depth interviews with local business owners and law enforcement officers were undertaken. The importance of CSR was established in this study via the lens of how societal issues such as illegal racing can be decreased and eradicated by having a proper race circuit.

Author (s) Details

A. R. Syarizal
University Malaysia Kelantan, Malaysia.

Norailis Ab. Wahab
University Malaysia Kelantan, Malaysia.

Razli Che Razak
University Malaysia Kelantan, Malaysia.

Mohd Shahril Nizam
University Malaysia Kelantan, Malaysia.

View Book :- https://stm.bookpi.org/IEAM-V9/article/view/950

Institutionalising a Withering Sense in Corporate Social Responsibility: A Review | Chapter 8 | Insights into Economics and Management Vol. 9

 Corporate social responsibility studies and publications have gone through a full cycle, with a lot of ink spilled on the subject. Corporate social responsibility has evolved from a holy origin to a flashy show of figures and figures that firms proudly showcase to fulfill their legal duties. It's strange that what used to be a heavenly understanding of corporate social responsibility has now devolved into a sophisticated mathematics of statistical tabulations, which are all too frequently displayed in annual and sustainability reports. The grandiosity of exceeding the necessities of ecological, environmental, social, and economic performance supported by undisputable, verifiable, and measurable data has mesmerized organizations. Corporate social responsibility has lost its meaning and purpose. This isn't a research paper, and it doesn't include even the most basic research findings. On the other hand, this research warns and possibly cautions corporate social responsibility practitioners about the dangers of their overarching positivism. Corporate social responsibility cannot be measured solely in terms of numbers; rather, it must include open, honest, and transparent dialogue with all stakeholders. Many businesses have been fooled, and some are still dealing with the consequences of their errors. The Volkswagen diesel fraud scandal and Johnson & Johnson's baby talc powder scandals are both examples of this. This study serves as a somber reminder that organizations must be "awakened" so that ethics is rooted in the heart, rather than just in the superficial forms of presentable data. Corporations must profit fairly, provide quality goods and services, and avoid deception. Those were the rooted values of corporations, regarded as the company's basic values.

Author (s) Details

Tan Seng Teck
Faculty of Business, Communication and Law (FOBCAL), INTI International University, Malaysia.

Selvamalar Ayadurai
Talenpac, PLT, Malaysia.

William Chua
IPE School of Management, Pole Paris Alternance, France.

Tan Peng Liang
Faculty of Business, Communication and Law (FOBCAL), INTI International University, Malaysia.

Nanthakumar Karuppiah
University of Hertfordshire Centre, INTI International College, Malaysia.

View Book :- https://stm.bookpi.org/IEAM-V9/article/view/946

The Evolution of Corporate Social Responsibility: A Contextual Review | Chapter 7 | Insights into Economics and Management Vol. 9

 The risky task of reviewing corporate social responsibility is attempted in this article. Reviewing those literatures is notoriously difficult due to the uneven development of corporate social responsibility. Because corporate social responsibility is a relative notion, authors who insist on a precise definition are frequently disappointed. It has never played the same part twice. This essay examines corporate social responsibility from a contextual standpoint to fascinate this review. By addressing three contextual conundrums, it examines the evolution of corporate social responsibility at every step of its existence. To begin with, it investigates the motivational construct at all stages of development. By analyzing them contextually, this provides essential insight into why corporate social responsibility was created in the first place. Second, this study looks at stakeholder inclusion at various stages of development. This exposes the category of beneficiaries included in each step of advancement categorizing their beneficiaries' evolution once more. Finally, this study looks at the extent to which corporate social responsibility has been institutionalized, as well as the pattern in which the notion has garnered legal and social acclaim. This article seeks to categorize the contextual influence on corporate social responsibility by addressing these three scopes, allowing readers to comprehend the contextual reasoning and deduction on how the notion is moulded and molded at a deeper level. This project looked at key landmark and/or classical texts in order to provide as clear a picture as feasible.

Author (s) Details

Tan Seng Teck
Faculty of Business, Communication and Law (FOBCAL), INTI International University, Malaysia.

Selvamalar Ayadurai
Talenpac, PLT, Malaysia.

William Chua
IPE School of Management, Paris, France.

View Book :- https://stm.bookpi.org/IEAM-V9/article/view/945

Study on Corporate Social Responsibility and Financial Performance: The Spanish Case | Chapter 2 | New Horizons in Education and Social Studies Vol. 11

 This research is conducted against the backdrop of the burgeoning interest in Corporate Social Responsibility (CSR) among academics and business leaders. Its aim is to look into the connection between corporate social responsibility and financial performance, as there is some debate in the literature on the subject. The research focuses on a subset of Spanish companies from the IBEX 35 stock market index, and it employs panel data methodology, which has advantages over other methodologies. The study was carried out between 2003 and 2010, so it is up to date. The findings indicate that, at least in Spain, there is no clear connection between corporate social responsibility and financial performance.

Author (s) Details

Cristina Madorrán
Universidad Pública de Navarra, Departamento de Gestión de Empresas – Navarra, Spain

Teresa Garcia
Universidad Pública de Navarra, Departamento de Gestión de Empresas – Navarra, Spain

View Book :- https://stm.bookpi.org/NHESS-V11/article/view/765