Antecedents of corporate social responsibility in the banks of Central-Eastern Europe and in the countries of the former Soviet union

Khurshid Djalilov () and Jens Hoelscher ()
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Khurshid Djalilov: Bournemouth University, Executive Business Centre
Jens Hoelscher: Bournemouth University, Executive Business Centre
Authors registered in the RePEc Author Service: Jens Hölscher

No BAFES05, BAFES Working Papers from Department of Accounting, Finance & Economic, Bournemouth University

Abstract: This article explores the determinants of corporate social responsibilities (CSR) in the banking sector of the transition countries of Central and Eastern Europe (CEE), as well as those of the former Soviet Union (FSU). Our panel fixed-logit results for 237 banks, covering the period 2000-2012, show that while financial performance is not associated with CSR, larger banks are more likely to engage in CSR. Additionally, a government’s effectiveness and its regulatory quality increase the likelihood that the banks will engage in social activities. A range of possible approaches that governments can take to encourage social activities in the banking sector of transition countries are provided. Overall, our results are consistent with the theory that the necessary conditions must be in place to support CSR, which seem to be absent in the countries under investigation.

Keywords: Banks; corporate social responsibility; performance; transition economies (search for similar items in EconPapers)
JEL-codes: G21 M14 P20 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2016-12
New Economics Papers: this item is included in nep-ban, nep-cis and nep-tra
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Citations: View citations in EconPapers (1)

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