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Corporate Social Responsibility within Credit Institution in Romania

Chirleºan Dan () and Marius Apostoaie
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Chirleºan Dan: “Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 202-207

Abstract: Corporate Social Responsibility (CSR) was long viewed as a costly or charitable measure on the short-run but now it is considered an asset worth having on the long-run. Credit institutions take on a significant role in the process of financial intermediation in the Romanian economy (a bank-based system). For this reason, CSR within these credit institutions is of great concern not only for the individuals but for the whole financial system (an important element to ensure financial stability and avoid systemic risk). In order to evaluate the level of involvement of Romanians’ credit institutions in CSR areas, this study used the content analysis method on the annual reports for a panel of five representative banks.

Keywords: corporate social responsibility; credit institution; social awareness; report (search for similar items in EconPapers)
JEL-codes: G20 G21 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:202-207