Corporate Social Responsibility Effective Determinants of the Banking Sector in Jordan

Anas Majed Al-Marayat

doi:10.7176/rjfa/10-9-06

Abstract

This study aimed at exploring the effective determinants of the Corporate Social Responsibility (CSR) of the Banking sector in Jordan . The researcher has adopted the qualitative research approach proposed by Strauss and Corbin (1990, 1998) on a sample of (20) bank employees involved in the corporate social responsibility in the Jordanian banks. As the three fundamental components this methodology should consolidate; which are: theoretical sensitive coding, that is, making hypothetical strong thoughts from the data to clear up the phenomenon examined; theoretical sampling, that is, picking whom to meet or what to see next as demonstrated by the state of the condition of hypothesis generation, and that implies starting data analysis with the first interview, and writing down memos and early hypotheses; and furthermore, the need to differentiate phenomena and settings to make the hypothesis legitimate. The researcher concluded that it was the phrase of “ Bank Profits ” as a probable key category that led to the validation of the perceived hypothesis. Key words : Corporate Social Responsibility; Effective Determinants; Banking Sector; Jordan. DOI : 10.7176/RJFA/10-9-06 Publication date :May 31 st 2019

Highlights

The significant accentuation put these days on the societal role of business is as per the spreading conviction that proportions of organization achievement must go beyond profit and ought to likewise identify with the requirements of stakeholders and society at large; as the social aspect of any company’s responsibility in the twenty-first century will be more important than ever. corporate social responsibility (CSR) is turning into the characterizing industry issue within recent times, influencing corporate benefits and validity, just as close to home security and maintainability of the worldwide economy (Allard, 2018)
1.10.2 Antecedents Figure (2) shows the main themes comprised the identifying the effective determinants of the Corporate Social Responsibility (CSR) in the Jordanian Banking Sector according to Bank employees’ answers, which refers to (Bank size, Bank profits, Bank social attitude, Bank age, and Governmental regulations)
The responded to questions had secured Strauss and Corbin's five principle points in the utilization the effective determinants of the Corporate Social Responsibility (CSR) in the Jordanian Banking Sector according to Bank employees’ answers

Summary

Introduction

The significant accentuation put these days on the societal role of business is as per the spreading conviction that proportions of organization achievement must go beyond profit and ought to likewise identify with the requirements of stakeholders and society at large; as the social aspect of any company’s responsibility in the twenty-first century will be more important than ever. corporate social responsibility (CSR) is turning into the characterizing industry issue within recent times, influencing corporate benefits and validity, just as close to home security and maintainability of the worldwide economy (Allard, 2018). From the point of view of organizations, corporate social responsibility has turned into an integral asset of increasing progressively positive frames of mind among their stakeholders, bringing about different advantages for organizations themselves (Poolthong & Mandhachitara, 2009). Various variables have contributed more in corporate social responsibility in the banking sector. Banks themselves are winding up progressively mindful of the risks related with financing ecologically or socially touchy tasks. In their loaning activities they analyses how to decently adjust the risk and interests of different parties influenced by their business (Ivanisevic & Stojanovic, 2015). An assortment of industry patterns and factors are prompting increasing the advance toward socially responsible banking. For example, combination and increased challenge in conventional markets, and innovation developments in banking products and procedures, have been contributing (Grayson & Hodges, 2017)

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