Corporate Social Responsibility in Financial Services Dissertation

Corporate Social Responsibility in Financial Services - Dissertation Example 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 d ay 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. ... ary 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 advices of the fund managers are also interested for safekeeping of their shareholder value (Elangovan and Mohan, 2008, p.34). 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 mo re significance day by day. The daily operations of financial services firma 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. It is thus important for the financial services companies to return the benefits to the societies in which they operate. For this reason, the financial services organizations develop their strategies on corporate social responsibility mainly looking into four major areas like manpower sustenance, business integrity, community and the environment. The adoption of corporate social responsibility provides confidence to the investors on the long term sustenance of