Impact of Corporate Social Responsibility on Banks Financial Stability and Profitability: A Systematic Literature Review

Abstract

The purpose of this research piece is to investigate whether or not there is a correlation between a company's dedication to social responsibility and the company's overall financial health and profitability. The research works selected the major journals data base (Emerald, science direct, welly, Google scholar, and Research Gate) in order to analyses the impact that CSR has on the financial stability and profitability of banks. This was done in order to accomplish this purpose. This analysis will primarily concentrate on the research articles that have been published on the topic of the variables and proxies of financial stability and profitability in connection to corporate social responsibility. Previous research suggests that corporate social responsibility has a positive and significant impact on the financial stability of a bank as well as the profitability of the bank.