Green Growth, Corporate Social Responsibility, and Bank Profitability: Synergies for Sustainable Finance in the Middle East and North Africa Region

Authors

  • Makram Nouaili University College of Duba, University of Tabuk, Kingdom of Saudi Arabia
  • Mohamed Ali Khemiri Faculty of Law, Economics, and Management of Jendouba, Tunisia

DOI:

https://doi.org/10.32479/ijefi.19149

Keywords:

Green Growth, Corporate Social Responsibility, Profitability, Middle East and North Africa Banks, System Generalized Method of Moments

Abstract

The main purpose of this paper is to investigate the relationship between Green Growth (GGI), corporate social responsibility (CSR) and bank profitability measured by return on assets (ROA) and return on equity (ROE) in the Middle East and North Africa (MENA) region. It uses a sample of 40 MENA banks during the period 2010-2022 and performs the System Generalized Method of Moments (SGMM). Empirical findings of the analysis reveal that bank profitability is positively associated with the Green Growth index (GGI) only for the (ROE). We found that CSR practices increases the profitability of banks in the Middle East and North Africa. Furthermore, findings support evidence that banks adopting green growth strategies through CSR initiatives experience enhanced profitability. The results of this paper could have important policy implications for both policymakers and bankers in the MENA region.

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Published

2025-06-18

How to Cite

Nouaili, M., & Khemiri, M. A. (2025). Green Growth, Corporate Social Responsibility, and Bank Profitability: Synergies for Sustainable Finance in the Middle East and North Africa Region. International Journal of Economics and Financial Issues, 15(4), 393–404. https://doi.org/10.32479/ijefi.19149

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