An Empirical Investigation of Corporate Social Responsibility in Ethiopian Private Bank Industry

Abstract

The objective of the study was to asses corporate social responsibility pratices of Ethiopian Private Banks Industry's role and practices. The researcher adopts a descriptive research method and uses primary data which is collected using a structured questionnaire to purposively selected a single one appropriate corporate social responsibility executives. The data gathered from the primary source were analyzed by SPSS statistics 24 data analysis software and the output directly forwarded into the data analysis part of the study through basic statistics tools, table & percent to make simple and easy to understand the results to all knowledge levels. The respondent's analysis outcome revealed that the majority banks have a corporate social responsibility program or undertaken activity that would be considered as corporate social responsibility, and most of the census corporate social responsibility activity incorporated in their organizational policy and the CSR responsibility managed by public Realisation/ communication and Marketing & sales department of each bank respectively. Additionally, the main objective to engage in corporate social responsibility programs by the banks mainly to Good public image and benefit the local community and protection of environments. And above half of the community and stakeholders learn about the company's CSR programs through annual company reports and External Audited Report. Most respondents confirm their bank's involvement in CSR affects their bank's performance favorably. In the other corner of the data analysis outcome, the study suggests to look, Banks better to participate women's in their CSR activity and should protect third party interference, and also better to allocate budget and also make it compare and contrast with the actual performance.