A Case Study Examining the Effects of Corporate Social Responsibility on the Financial Performance of Iraqi Commercial Banks

Abstract

The study examines the relationship between corporate social responsibility (CSR) and financial performance in leading Iraqi banks. Data was collected from company websites and reports, and regression analysis was used to examine the relationship between variables. The findings suggest that banks should evaluate their CSR strategies, align with corporate values and societal needs, and consider sustainability and long-term impact. Collaboration among banks and stakeholders can lead to more impactful initiatives. Stabilizing net profits through operational efficiency improvement, risk management, and new revenue streams is crucial for sustained profitability. Strategies to enhance profitability include diversifying revenue streams, optimizing capital allocation, and optimizing operational efficiency.