The effect of corporate social responsibility on the branding of financial services

Corporate social responsibility (CSR) is regarded as a good strategic marketing too land it has signicant inuence on consumers behaviours. The purpose of this study is to explore the indirect effects of different dimensions of CSR on brand loyalty in a real business context. This study focuses on legal and ethical responsibilities as two dimensions of social responsibility. The empirical results indicate that consumers perceived legal and ethical responsibilities of brands may improve brand loyalty through enhancing positive functional and symbolic images. Moreover, corporate legally responsible behaviour helps to enhance a more functional image perceived by consumers than a symbolic image, while ethically responsible action impacts a symbolic image more than a functional image. These results suggest rms should focus on key dimensions of social responsibility based on the expectations of consumers in their marketing programmes.