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For Bangladeshi banks, social responsibility means loyalty to the ruling family

Banks in Bangladesh use social activities to show their loyalty to the ruling family

Shahzad Uddin University of Essex & Javed Siddiqui University of Manchester 

In many countries, banks are encouraged to demonstrate their ethical credentials by self-regulating and giving money back to various causes. This is our understanding of the term corporate social responsibility. But our research shows that in Bangladesh, corporate social responsibility means something else entirely. In a country where under-developed democratic institutions, family-led politics and poverty are norms, the social activities of businesses take on a sinister nature. Rather than demonstrating their service to the community, banks in Bangladesh use social activities to ...

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