Corporate social responsibility and bank risk profile: evidence from Europe

Nicolás Gambetta, María Antonia García-Benau () and Ana Zorio-Grima ()
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María Antonia García-Benau: Universitat de València
Ana Zorio-Grima: Universitat de València

Service Business, 2017, vol. 11, issue 3, No 4, 517-542

Abstract: Abstract This study analyzes the impact of risk profile on sustainability reporting and its quality in European banks. Financial institutions (FI) play a social role in the financial inclusion process and incorporate environmental considerations into credit risk assessment, making corporate social responsibility (CSR)-related issues vital for risk management systems. FI with lower capital risk, higher liquidity risk, higher profitability in banking, and higher sensitivity to market risk tend to issue CSR reports. The findings suggest that FI with lower profitability in banking disclose higher quality CSR financial services sector (FSS)-specific information, whereas FI not submitting CSR reports for external assurance or having their CSR reports assured by certain auditors issue lower quality CSR/FSS-specific information.

Keywords: Banking; Risk profile; Corporate social responsibility; Financial inclusion (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s11628-016-0318-1

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