The Relationship Between Corporate Social Responsibility And Financial Performance In Jordanian Local Banks: Panel Data Approach

Abstract

In  recent  years  the  scholars  and  executives devoted  more  attention  to  the  implications  of  corporate social responsibility practices and their effect to the business. Therefore, in this study panel data approach is used to explore the relationship between corporate social responsibility and corporate financial performance in the Jordanian local banks for the (2000-2014) period. The outcomes of the current study indicate that there is a positive relationship between the corporate social responsibility dimensions and the corporate financial performance dimensions in Jordanian local banks. As well as, the current study showed a positive relationship between bank size as a control variable and corporate financial performance.

Key Words: Corporate Social Responsibility (CSR), Corporate Financial Performance (CFP), Community (COM), Environmental (ENV), Products (PRO), Employees relationship (EMP), Panel data Approach and Jordanian local banks.