Antecedents of Corporate Social Responsibility in the Banks of Central Eastern Europe and in the Countries of the Former Soviet Union.

Djalilov, K. and Holscher, J., 2017. Antecedents of Corporate Social Responsibility in the Banks of Central Eastern Europe and in the Countries of the Former Soviet Union. In: Horsch, A. and Sysoyeva, L., eds. Financial Institutions and Financial Regulation – New Developments in the European Union and Ukraine: Conference Proceedings. Gottingen, Germany: Cuvillier Verlag, pp. 39-58.

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Abstract

This article explores the determinants of corporate social responsibilities (CSR) in the banking sector of the transition countries of Central and Eastern Europe (CEE), as well as those of the former Soviet Union (FSU). Our panel fixed-logit results for 237 banks, covering the period 2000–2012, show that while financial performance is not associated with CSR, larger banks are more likely to engage in CSR. Additionally, a government’s effectiveness and its regulatory quality increase the likelihood that the banks will engage in social activities. A range of possible approaches that governments can take to encourage social activities in the banking sector of transition countries are provided. Overall, our results are consistent with the theory that the necessary conditions must be in place to support CSR, which seem to be absent in the countries under investigation.

Item Type:Book Section
ISBN:9783736994942, 9783736984943
Number of Pages:196
Additional Information:This study was supported by the Economic and Social Research Council project ‘Access to Finance for SMEs’ under Grant number ES/M002462/1.
Uncontrolled Keywords:Banks, corporate social responsibility, performance, transition economies
Group:Faculty of Management
ID Code:28393
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:29 Mar 2017 15:23
Last Modified:03 Apr 2017 08:30

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