Abstract
The basic aim of this research was to check the impact of innovation, corporate social responsibilities (CSR), and entrepreneurship on the monetary performance of banks in five different countries: Qatar, Pakistan, China, the United States (US), and France. This research was conducted to measure the relationship of these factors and innovative workforce activities. The secondary data were collected from websites of twenty five banks in different countries, including Islamic and conventional banks. Different econometric analyses, such as descriptive statistical analysis, correlation coefficient test for measuring the interaction, and ordinary least square regression analysis for determining the impact of dependent and independent variables, were carried out. In the present study, entrepreneurship, CSR, and innovation were taken as independent variables. Board size, frequency of assemblies, and self-employed with large shareholders were included as sub-parts of entrepreneurship. On the other hand, the financial performance of banks was taken as the dependent variable. Return on assets (ROA) and return on equity (ROE) were considered parts of economic performance. The overall conclusions drawn in this study showed that there was a significant relationship between all the studied variables. The research provided useful insights into the long-debated question regarding the relevance of entrepreneurship and CSR.
Highlights
Entrepreneurship is important due to the departure of control and ownership in openly held organizations
Entrepreneurship, Corporate social responsibilities (CSR), and innovation were considered as independent variables and financial performance was the dependent variable
Return on assets and returns on equity were sub variables related to financial performance
Summary
Entrepreneurship is important due to the departure of control and ownership in openly held organizations. It encompasses a collection of skills in processes, proper mechanisms, and relations used by different parties in the corporations. It is a combination of board and committee, all policies, legalities, rules and regulations system, overall hierarchy, and internal control (Kojima et al, 2017). Entrepreneurship and its components identify all rights among participants including managers, auditors, creditors, the board of directors, and other shareholders (Chen and Yu, 2017). The role of stockholders in entrepreneurships is to assign the auditors and directors to satisfy themselves and to provide a suitable overall governance structure (Al-ahdal et al, 2020)
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