Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective
Islamic banks, as part of the economy, have higher expectations of fulfilling social responsibility as Islamic financial institutions, in line with Islamic principles. Banks provide public financial services and are one of the most sensitive firms in Islamic societies regarding Islamic social accoun...
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| Format: | Article |
| Language: | fas |
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پژوهشگاه حوزه و دانشگاه
2020-09-01
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| Series: | جستارهای اقتصادی |
| Subjects: | |
| Online Access: | https://iee.rihu.ac.ir/article_1809_1f388769ded962c04fe2cb3402ac993c.pdf |
| _version_ | 1827340669322002432 |
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| author | mohammad saadatnia Farhad Dehdar |
| author_facet | mohammad saadatnia Farhad Dehdar |
| author_sort | mohammad saadatnia |
| collection | DOAJ |
| description | Islamic banks, as part of the economy, have higher expectations of fulfilling social responsibility as Islamic financial institutions, in line with Islamic principles. Banks provide public financial services and are one of the most sensitive firms in Islamic societies regarding Islamic social accountability. Banks are legally and socially bound to the social and economic needs of society, so the Islamic banking industry is the backbone of the socio-economic development of every Islamic society. Accordingly, the purpose of this study is to evaluate the impact of disclosure of Islamic social responsibility on the financial performance of banks. For the purpose of this study, the data of 10 banks listed in Tehran Stock Exchange during the period 2011-2019 were analyzed using Eviews software. The findings show that the level of disclosure of banks' Islamic social responsibility has a positive and significant effect on EBITDA, as well as the level of disclosure of Islamic social responsibility of the bank. There is a significant negative impact on the market value to equity (MTB) ratio. These results suggest the need for the central bank to establish standardized standards and the need for integrated reporting to expose Islamic social accountability in banks. |
| first_indexed | 2024-03-07T21:24:50Z |
| format | Article |
| id | doaj.art-62c0c7f97e044291a98f71af9db598c0 |
| institution | Directory Open Access Journal |
| issn | 1735-3300 2588-5812 |
| language | fas |
| last_indexed | 2024-03-07T21:24:50Z |
| publishDate | 2020-09-01 |
| publisher | پژوهشگاه حوزه و دانشگاه |
| record_format | Article |
| series | جستارهای اقتصادی |
| spelling | doaj.art-62c0c7f97e044291a98f71af9db598c02024-02-27T06:49:27Zfasپژوهشگاه حوزه و دانشگاهجستارهای اقتصادی1735-33002588-58122020-09-01173412115210.30471/iee.2020.6218.18761809Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspectivemohammad saadatnia0Farhad Dehdar1Ph.D Student of Accounting ,Shahrood Branch, Islamic Azad University, Shahrood, Iran.Assistant Professor, Department Of Accounting ,Shahrood Branch, Islamic Azad University, Shahrood, IranIslamic banks, as part of the economy, have higher expectations of fulfilling social responsibility as Islamic financial institutions, in line with Islamic principles. Banks provide public financial services and are one of the most sensitive firms in Islamic societies regarding Islamic social accountability. Banks are legally and socially bound to the social and economic needs of society, so the Islamic banking industry is the backbone of the socio-economic development of every Islamic society. Accordingly, the purpose of this study is to evaluate the impact of disclosure of Islamic social responsibility on the financial performance of banks. For the purpose of this study, the data of 10 banks listed in Tehran Stock Exchange during the period 2011-2019 were analyzed using Eviews software. The findings show that the level of disclosure of banks' Islamic social responsibility has a positive and significant effect on EBITDA, as well as the level of disclosure of Islamic social responsibility of the bank. There is a significant negative impact on the market value to equity (MTB) ratio. These results suggest the need for the central bank to establish standardized standards and the need for integrated reporting to expose Islamic social accountability in banks.https://iee.rihu.ac.ir/article_1809_1f388769ded962c04fe2cb3402ac993c.pdfislamic social responsibilityislamic bankingfinancial performanceislamic social reportingdisclosure |
| spellingShingle | mohammad saadatnia Farhad Dehdar Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective جستارهای اقتصادی islamic social responsibility islamic banking financial performance islamic social reporting disclosure |
| title | Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective |
| title_full | Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective |
| title_fullStr | Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective |
| title_full_unstemmed | Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective |
| title_short | Investigating the Impact of Social Responsibility on the Financial Performance of Banks from the Islamic Perspective |
| title_sort | investigating the impact of social responsibility on the financial performance of banks from the islamic perspective |
| topic | islamic social responsibility islamic banking financial performance islamic social reporting disclosure |
| url | https://iee.rihu.ac.ir/article_1809_1f388769ded962c04fe2cb3402ac993c.pdf |
| work_keys_str_mv | AT mohammadsaadatnia investigatingtheimpactofsocialresponsibilityonthefinancialperformanceofbanksfromtheislamicperspective AT farhaddehdar investigatingtheimpactofsocialresponsibilityonthefinancialperformanceofbanksfromtheislamicperspective |