CORPORATE SOCIAL RESPONSIBILITY - THE ROMANIAN BANKING SECTOR PERSPECTIVE

Georgiana-Loredana Frecea and Candidate Constantin Schipor
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Georgiana-Loredana Frecea: The Bucharest University of Economic Studies, Doctoral School of Economics and International Affairs
Candidate Constantin Schipor: University "Alexandru Ioan Cuza", Doctoral School of Economics and Business Administration

Management Intercultural, 2017, issue 39, 155-162

Abstract: Although there has been made considerable progress in the corporate social responsibility (CSR) field in Romania, there are limited research papers presenting the CSR dynamics in the banking system. One of the main objectives of this paper is to highlight the CSR particularities for two of the most important banks operating on the local market: The Romanian Commercial Bank and BRD – Groupe Société Générale. This approach will outline the significant relationships in the CSR development, building on the dominant CSR themes and focusing on both similarities and differences in order to select the appropriate CSR practical framework. The results of this paper reveal a competitive context in the Romanian banking sector for the CSR initiatives, the influence of the marketing forces and particular CSR measures to rebuild banking trust. The CSR commitment of the banks address societal needs through the employee volunteering, as a new form of competitive advantage, becoming a strategic point in the reputational and financial performance.

Keywords: Corporate social responsibility; Banking sector; Reputation (search for similar items in EconPapers)
JEL-codes: G21 M14 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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