Identifying the Factors Influence Turkish Deposit Banks to Join Corporate Social Responsibility Activities by Using Panel Probit Method

Serhat Yuksel and Mustafa Ozsari
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Serhat Yuksel: Asst. Prof.School of Business and Management Sciences, Istanbul Medipol University
Mustafa Ozsari: Research Assistant, Department of Economics, Konya Food and Agriculture University, Konya, Turkey

International Journal of Finance & Banking Studies, 2017, vol. 6, issue 1, 39-50

Abstract: This study aims to determine the influencing factors of the banks to join corporate social responsibility activities. Within this scope, annual data of 23 deposit banks in Turkey for the periods between 2005 and 2015 was taken into the consideration. In addition to this situation, panel probit model was used in the analysis so as to achieve this objective. According to the results of the analysis, it was determined that there is a negative relationship between CSR activities and nonperforming loans ratio. This situation shows that banks do not prefer to make social responsibility activities in case of higher financial losses. In addition to this situation, it was also identified that there is a positive relationship between return on asset and corporate social responsibility activities of the banks. In other words, it can be understood that Turkish deposit banks, which have higher profitability, joint more CSR activities in comparison with others.

Keywords: Corporate Social Responsibility; Banks; Turkish Banking Sector; Panel Probit (search for similar items in EconPapers)
Date: 2017
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