Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study

Hasan El-Mousawi; Hussein Trabulsi

doi:doi:10.11648/j.jfa.20190702.11

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Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study

Hasan El-Mousawi, Hussein Trabulsi

Published in Journal of Finance and Accounting (Volume 7, Issue 2)

Received: 4 March 2019 Accepted: 13 April 2019 Published: 15 May 2019

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Abstract

Universal interest in organizations’ role and their impact on society and rising prospects of investors, consumers, employees and local communities about the importance of this role and its impact on society, which made many governments, non-governmental organizations and local communities seek more transparency and accountability; provided that it is not limited to daily operations of organizations of any nature, but it should include the extent of impact those operations have on society. This research aimed at shedding light on the concept and importance of social responsibility accounting and determining the extent of applying it in Lebanese banks in order to deal with the deficiency in outputs of the accounting system, which is reflected in financial statements, by including information about social responsibilities and revealing the impact of disclosing it in financial statements. To achieve the goals of the research, a questionnaire has been devised to be distributed among employees in the middle and high administrations (managers, heads of accounting departments and employees of the accounting department) in Lebanese banks, where 200 questionnaires were distributed in the banks. The Statistical Package for Social Sciences (SPSS) was used to make various statistical tests to analyze the outputs in order to reach results and present recommendations which may be good to approach the deficiency in outputs of the accounting system. The research yielded some important findings, mainly that managements of banks in Lebanon are aware of the concept of social responsibility; however, managements of banks in Lebanon do not develop relations with the local community except in certain domains.

Published in	Journal of Finance and Accounting (Volume 7, Issue 2)
DOI	10.11648/j.jfa.20190702.11
Page(s)	32-39
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Social Responsibility Accounting, Lebanese Banks, Financial Statements

References

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Hasan El-Mousawi, Hussein Trabulsi. (2019). Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study. Journal of Finance and Accounting, 7(2), 32-39. https://doi.org/10.11648/j.jfa.20190702.11

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ACS Style

Hasan El-Mousawi; Hussein Trabulsi. Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study. J. Finance Account. 2019, 7(2), 32-39. doi: 10.11648/j.jfa.20190702.11

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AMA Style

Hasan El-Mousawi, Hussein Trabulsi. Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study. J Finance Account. 2019;7(2):32-39. doi: 10.11648/j.jfa.20190702.11

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@article{10.11648/j.jfa.20190702.11,
  author = {Hasan El-Mousawi and Hussein Trabulsi},
  title = {Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study},
  journal = {Journal of Finance and Accounting},
  volume = {7},
  number = {2},
  pages = {32-39},
  doi = {10.11648/j.jfa.20190702.11},
  url = {https://doi.org/10.11648/j.jfa.20190702.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20190702.11},
  abstract = {Universal interest in organizations’ role and their impact on society and rising prospects of investors, consumers, employees and local communities about the importance of this role and its impact on society, which made many governments, non-governmental organizations and local communities seek more transparency and accountability; provided that it is not limited to daily operations of organizations of any nature, but it should include the extent of impact those operations have on society. This research aimed at shedding light on the concept and importance of social responsibility accounting and determining the extent of applying it in Lebanese banks in order to deal with the deficiency in outputs of the accounting system, which is reflected in financial statements, by including information about social responsibilities and revealing the impact of disclosing it in financial statements. To achieve the goals of the research, a questionnaire has been devised to be distributed among employees in the middle and high administrations (managers, heads of accounting departments and employees of the accounting department) in Lebanese banks, where 200 questionnaires were distributed in the banks. The Statistical Package for Social Sciences (SPSS) was used to make various statistical tests to analyze the outputs in order to reach results and present recommendations which may be good to approach the deficiency in outputs of the accounting system. The research yielded some important findings, mainly that managements of banks in Lebanon are aware of the concept of social responsibility; however, managements of banks in Lebanon do not develop relations with the local community except in certain domains.},
 year = {2019}
}

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TY  - JOUR
T1  - Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study
AU  - Hasan El-Mousawi
AU  - Hussein Trabulsi
Y1  - 2019/05/15
PY  - 2019
N1  - https://doi.org/10.11648/j.jfa.20190702.11
DO  - 10.11648/j.jfa.20190702.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 32
EP  - 39
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20190702.11
AB  - Universal interest in organizations’ role and their impact on society and rising prospects of investors, consumers, employees and local communities about the importance of this role and its impact on society, which made many governments, non-governmental organizations and local communities seek more transparency and accountability; provided that it is not limited to daily operations of organizations of any nature, but it should include the extent of impact those operations have on society. This research aimed at shedding light on the concept and importance of social responsibility accounting and determining the extent of applying it in Lebanese banks in order to deal with the deficiency in outputs of the accounting system, which is reflected in financial statements, by including information about social responsibilities and revealing the impact of disclosing it in financial statements. To achieve the goals of the research, a questionnaire has been devised to be distributed among employees in the middle and high administrations (managers, heads of accounting departments and employees of the accounting department) in Lebanese banks, where 200 questionnaires were distributed in the banks. The Statistical Package for Social Sciences (SPSS) was used to make various statistical tests to analyze the outputs in order to reach results and present recommendations which may be good to approach the deficiency in outputs of the accounting system. The research yielded some important findings, mainly that managements of banks in Lebanon are aware of the concept of social responsibility; however, managements of banks in Lebanon do not develop relations with the local community except in certain domains.
VL  - 7
IS  - 2
ER  -

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Author Information

Hasan El-Mousawi

Accounting Department, Lebanese University, Beirut, Lebanon
Hussein Trabulsi

Economics Department, Lebanese University, Beirut, Lebanon

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Plain Text BibTeX RIS

APA Style

Hasan El-Mousawi, Hussein Trabulsi. (2019). Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study. Journal of Finance and Accounting, 7(2), 32-39. https://doi.org/10.11648/j.jfa.20190702.11

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ACS Style

Hasan El-Mousawi; Hussein Trabulsi. Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study. J. Finance Account. 2019, 7(2), 32-39. doi: 10.11648/j.jfa.20190702.11

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AMA Style

Hasan El-Mousawi, Hussein Trabulsi. Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study. J Finance Account. 2019;7(2):32-39. doi: 10.11648/j.jfa.20190702.11

Copy | Download

@article{10.11648/j.jfa.20190702.11,
  author = {Hasan El-Mousawi and Hussein Trabulsi},
  title = {Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study},
  journal = {Journal of Finance and Accounting},
  volume = {7},
  number = {2},
  pages = {32-39},
  doi = {10.11648/j.jfa.20190702.11},
  url = {https://doi.org/10.11648/j.jfa.20190702.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20190702.11},
  abstract = {Universal interest in organizations’ role and their impact on society and rising prospects of investors, consumers, employees and local communities about the importance of this role and its impact on society, which made many governments, non-governmental organizations and local communities seek more transparency and accountability; provided that it is not limited to daily operations of organizations of any nature, but it should include the extent of impact those operations have on society. This research aimed at shedding light on the concept and importance of social responsibility accounting and determining the extent of applying it in Lebanese banks in order to deal with the deficiency in outputs of the accounting system, which is reflected in financial statements, by including information about social responsibilities and revealing the impact of disclosing it in financial statements. To achieve the goals of the research, a questionnaire has been devised to be distributed among employees in the middle and high administrations (managers, heads of accounting departments and employees of the accounting department) in Lebanese banks, where 200 questionnaires were distributed in the banks. The Statistical Package for Social Sciences (SPSS) was used to make various statistical tests to analyze the outputs in order to reach results and present recommendations which may be good to approach the deficiency in outputs of the accounting system. The research yielded some important findings, mainly that managements of banks in Lebanon are aware of the concept of social responsibility; however, managements of banks in Lebanon do not develop relations with the local community except in certain domains.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study
AU  - Hasan El-Mousawi
AU  - Hussein Trabulsi
Y1  - 2019/05/15
PY  - 2019
N1  - https://doi.org/10.11648/j.jfa.20190702.11
DO  - 10.11648/j.jfa.20190702.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 32
EP  - 39
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20190702.11
AB  - Universal interest in organizations’ role and their impact on society and rising prospects of investors, consumers, employees and local communities about the importance of this role and its impact on society, which made many governments, non-governmental organizations and local communities seek more transparency and accountability; provided that it is not limited to daily operations of organizations of any nature, but it should include the extent of impact those operations have on society. This research aimed at shedding light on the concept and importance of social responsibility accounting and determining the extent of applying it in Lebanese banks in order to deal with the deficiency in outputs of the accounting system, which is reflected in financial statements, by including information about social responsibilities and revealing the impact of disclosing it in financial statements. To achieve the goals of the research, a questionnaire has been devised to be distributed among employees in the middle and high administrations (managers, heads of accounting departments and employees of the accounting department) in Lebanese banks, where 200 questionnaires were distributed in the banks. The Statistical Package for Social Sciences (SPSS) was used to make various statistical tests to analyze the outputs in order to reach results and present recommendations which may be good to approach the deficiency in outputs of the accounting system. The research yielded some important findings, mainly that managements of banks in Lebanon are aware of the concept of social responsibility; however, managements of banks in Lebanon do not develop relations with the local community except in certain domains.
VL  - 7
IS  - 2
ER  -

Copy | Download