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Corporate Social Responsibility in Financial Services
Finance & Accounting
Pages 20 (5020 words)
A research on the topic of corporate social responsibility in the area of financial services has been carried out to provide an insight on the significance of performing the role of corporate social responsibility and the impact created on the development of the society followed improvement in performance of the financial services firms…
The primary aim of the financial services companies is to provide better service to the depositors and their investors by taking appropriate steps to increase the wealth of the shareholders. In order to provide short-term gains to the shareholders by giving more priority to the short-term interests, the increase in foul play has increased in the operations of the financial services firm thereby compromising on the security of the money deposited or invested. The investors apart from seeking higher returns through efficient pieces of advice of the fund managers are also interested for safekeeping of their shareholder value. This means that the seekers of financial services would not be ready to incur a loss at the cost of expected higher returns. The investors and stakeholders have become more and more aware of the social, ethical and environmental aspects of their investments for which the corporate social responsibility in financial services has attained more and more significance day by day. The daily operations of financial services firm are supported with the help of resources available from the societies in which they operate. The manpower and client base available from the societies are the major resources that are used by the financial services firms to run and sustain their businesses. ...
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