CORPORATE SOCIAL RESPONSIBILITIES OF INVESTMENT BANKS IN THE KINGDOM OF SAUDI ARABIA

Abstract

Corporate social responsibility (CSR) has gained strategic significance not only in the industrial world of companies but also comprised of government across the globe. In Saudi Arabian Investment banks, CSR has been looked at as a postulate for ethical and responsible behavior in business. Thus, in this work, the significance of CSR for investment banks in the Kingdom of Saudi Arabia (KSA) was investigated. The current Corporate Social Responsibility Disclosure (CSRD) practices and various factors that influence CSDR in Saudi Arabian Investment banks were analyzed. This work was done based on quantitative method. This work has specifically targeted 11 investment banks that are operating at Saudi Arabia. This work has used qualitative research methodology. The findings of this work showed that CSRD practices was highest for charity category. Furthermore, the results of this work showed that CSR is significantly important in determining the operation of a business.  Results showed that the investment banks exhibited growth rate in the range of 1.89% to 4.20%.