Social responsibility in the Spanish financial system

Antonio Carlos Aranda Ruiviejo and Eva Maria Sotomayor Morales

Social Responsibility Journal, 2016, vol. 12, issue 1, 103-116

Abstract: Purpose - – This paper aims to analyze the degree of implementation of corporate social responsibility (CSR) policies in the Spanish financial system. Design/methodology/approach - – The study includes nine entities within the same organizational field to explore the pressure mechanisms that can affect the behavior of organizations. Findings - – It concludes that the strategic nature of CSR is limited by the highly institutionalized character of this practice, a fact that causes isomorphic social structures among the approaches to responsibility of diverse entities. Originality/value - – The results obtained are of great value to those responsible for the management bodies, as they show evidence of the need for a new approach to corporate governance policies if it is to achieve a competitive advantage in the industry, especially in the case of savings banks, where social work can play a fundamental role.

Keywords: Institutional theory; Banks; Corporate social responsibility; Savings banks (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eme:srjpps:v:12:y:2016:i:1:p:103-116

DOI: 10.1108/SRJ-01-2015-0012

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