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Did the Attitude of Banks Towards Corporate Social Responsibility Reporting Change Since the Last Global Financial Crisis? A Comparative Study of Conventional and Islamic Banks in the United Arab Emirates

Author

Listed:
  • Ismail Ben Douissa

    (University of Sharjah, UAE)

  • Tawfik Azrak

    (Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia.)

Abstract
Scoring the disclosure of corporate social responsibility (CSR) practices of banks has been extensively studied in the literature. However, a few studies covered the voluntary aspect of CSR practices disclosure in the banking sector. While the responsibility of banks has been seriously targeted, this study tends to do a comparative analysis of the reaction of conventional and Islamic banks to the financial crisis regarding the disclosure of their CSR practices and the possible inclusion of CSR dimensions in their strategy. The sample consists of 18 listed Islamic and conventional banks operating in the UAE over the period 2006-2014. The findings indicate that conventional banks in the UAE integrated the CSR dimension in their strategy starting from 2009 in order to rebuild their images with their stakeholders. However, Islamic banks did not react to the global financial crisis and continued with the same reporting attitude as prior to the crisis.

Suggested Citation

  • Ismail Ben Douissa & Tawfik Azrak, 2017. "Did the Attitude of Banks Towards Corporate Social Responsibility Reporting Change Since the Last Global Financial Crisis? A Comparative Study of Conventional and Islamic Banks in the United Arab Emir," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 468-477.
    • Handle: RePEc:eco:journ1:2017-04-56
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    References listed on IDEAS

    as
    1. Ameeta Jain & Monica Keneley & Dianne Thomson, 2015. "Voluntary CSR disclosure works! Evidence from Asia-Pacific banks," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 11(1), pages 2-18, March.
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    3. Robert E. Hinson & Tidings P. Ndhlovu, 2011. "Conceptualising corporate social responsibility (CSR) and corporate social investment (CSI): the South African context," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 7(3), pages 332-346, August.
    4. Christel Decock-Good, 2001. "L'engagement mécénique des entreprises:mesure de l'une des expressions de leur responsabilité sociétale," Revue Finance Contrôle Stratégie, revues.org, vol. 4(4), pages 29-57, December.
    5. Roszaini Haniffa & Mohammad Hudaib, 2007. "Exploring the Ethical Identity of Islamic Banks via Communication in Annual Reports," Journal of Business Ethics, Springer, vol. 76(1), pages 97-116, November.
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    More about this item

    Keywords

    Social Responsibility; Financial Crises; Banks;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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