THE IMPORTANCE AND SIGNIFICANCE OF CORPORATE SOCIAL RESPONSIBILITY IN DEVELOPING SAUDI

Abstract

There is big delay regarding corporate social responsibility (CSR) practice status in developing countries, however, these recent years CSR was increased in attention and considered as the business guidelines for an ethical and responsible behaviour. This study conducted in Saudi Arabia. The study aimed to identify and explored correlation of responsibility perception in the banking sector in Saudi Arabia. The study applied content analysis which is focused on examining components of financial statements mainly based on annual report examinations. The study indicated there was no impact between total assets and social responsibility disclosure level in Saudi Arabia banking sector. In additions, there was impact between return on assets and social responsibility disclosure level in Saudi Arabia banking sector. Based on debt ratio, the study revealed that there was no impact between debt ratio and social responsibility disclosure level. Finally, there also no impact between companies’ performance and social responsibility disclosure level in Saudi Arabia banking sector.