The Social Balance Sheet as Part of the Annual Report in Financial Institutions. A Case Study: Banco Bilbao Vizcaya Argentaria (BBVA)

Miguel Ángel Martín Valmayor, Beatriz Duarte Monedero and Luis Gil-Alana
Additional contact information
Miguel Ángel Martín Valmayor: Facultad de Ciencias Jurídicas y Empresariales, Universidad Francisco de Vitoria, 28223 Madrid, Spain
Beatriz Duarte Monedero: Facultad de Ciencias Jurídicas y Empresariales, Universidad Francisco de Vitoria, 28223 Madrid, Spain

Sustainability, 2021, vol. 13, issue 6, 1-14

Abstract: In this paper, we examine the concept of the social balance sheet (SBS) and its evolution in corporate social reports that large companies have to issue today in their yearly statements. The SBS allows companies to evaluate their compliance with corporate social responsibility during a specific period and quantify its level of accomplishment. From a methodological perspective, this research analyzed the information that should be contained in the SBS report comparing economic value added (EVA) with other social value added statements (SVA), analyzing also in detail the case of Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) bank as one of the pioneers in offering social reports. Along with this study, their metrics following EVA were recalculated and a more academic SVA statement was proposed for this specific case.

Keywords: social balance sheet; economic value added; EVA; corporate governance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/6/3075/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/6/3075/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:6:p:3075-:d:514980

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().