IDEAS home Printed from https://ideas.repec.org/a/icb/wpaper/v3y2016i123-30.html
   My bibliography  Save this article

Models of Social Responsibility under the Impact of the Global Financial Crisis. Case Study: the Romanian Banking System

Author

Listed:
  • Claudia Gabriela BAICU

    (Spiru Haret University, Faculty of Economic Sciences, 46 G Fabricii Str., District 6, Bucharest, Romania)

Abstract

The Romanian banking system has begun development on modern bases only after 1990, with the passing from the monobank system to the two-tier system. Other important steps in modernizing the banking system were: privatization of large state banks and the European Union accession. These mutations have also marked the application of the concept of social responsibility in the Romanian banking system that is still in the early stages of development. The dominant presence of foreign banking capital and the European Union accession had a positive impact in the social responsibility area. Some banks in Romania have adopted the practice of non-financial reporting according to international standards in the field. The negative consequences of the global financial crisis determined banks to step up efforts to adopt new business models based on responsible practices and responsible financing. A post-crisis direction of action for improving the relationship between banks and customers and avoid possible problems in the payment of loans was the intensification of implementation by banks of financial education programs. However there are still a number of actions to be undertaken to strengthen the concept of social responsibility in the Romanian banking system.

Suggested Citation

  • Claudia Gabriela BAICU, 2016. "Models of Social Responsibility under the Impact of the Global Financial Crisis. Case Study: the Romanian Banking System," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 3(1), pages 23-30, October.
    • Handle: RePEc:icb:wpaper:v:3:y:2016:i:1:23-30
    as

    Download full text from publisher

    File URL: http://icesba.eu/RePEc/icb/wpaper/ICESBA2016_2Baicu_P23-30.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lentner, Csaba & Szegedi, Krisztina & Tatay, Tibor, 2015. "Corporate Social Responsibility in the Banking Sector," Public Finance Quarterly, Corvinus University of Budapest, vol. 60(1), pages 95-103.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sebastian Hoffmann, 2019. "The Euro in Historical Comparison to the Ruble and the Influence of Overconfidence," European Journal of Marketing and Economics Articles, Revistia Research and Publishing, vol. 2, ejme_v2_i.
    2. Andrey Zahariev & Petya Ivanova & Galina Zaharieva & Krasimira Slaveva & Margarita Mihaylova & Tanya Todorova, 2023. "Interplay between CSR and the Digitalisation of Bulgarian Financial Enterprises: HRM Approach and Pandemic Evidence," JRFM, MDPI, vol. 16(9), pages 1-18, August.
    3. Bell, Jennifer & Battisti, Giuliana & Guin, Benjamin, 2023. "The greening of lending: mortgage pricing of energy transition risk," Bank of England working papers 1016, Bank of England.
    4. Krisztina Szegedi & Yahya Khan & Csaba Lentner, 2020. "Corporate Social Responsibility and Financial Performance: Evidence from Pakistani Listed Banks," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
    5. Nikolett Deutsch & László Berényi, 2018. "Personal approach to sustainability of future decision makers: a Hungarian case," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 20(1), pages 271-303, February.
    6. Zsuzsanna Győri & Yahya Khan & Krisztina Szegedi, 2021. "Business Model and Principles of a Values-Based Bank—Case Study of MagNet Hungarian Community Bank," Sustainability, MDPI, vol. 13(16), pages 1-27, August.
    7. Garai-Fodor, Mónika & Csiszárik-Kocsir, Ágnes, 2018. "Validity of value-based consumer behaviour models in terms of the financial awareness of Generations Z and Y," Public Finance Quarterly, Corvinus University of Budapest, vol. 63(4), pages 511-529.
    8. Francesca Gennari & Daniela M. Salvioni, 2019. "CSR committees on boards: the impact of the external country level factors," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(3), pages 759-785, September.
    9. Iman M Arafa Mohamed & Wafaa Salah, 2016. "Investigating corporate social responsibility disclosure by banks from institutional theory perspective," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 2(6), pages 280-293.
    10. Galletta, Simona & Mazzù, Sebastiano & Scannella, Enzo, 2021. "Risk committee complexity and liquidity risk in the European banking industry," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 691-703.
    11. Md Jahir Uddin Khan & Md Abid Hasan & Ahmed Rabeeu & Mohammad Ashraf Hossain, 2024. "The Impact of Entrepreneurial Capital on CSR and New Joint Venture Performance in Emerging Economies," Sustainability, MDPI, vol. 16(13), pages 1-19, June.
    12. Nek Kamal Bin Yeop Yunus & Mohamed Saif Rashid, 2019. "Knowledge Management Process as a Predictor on Organizational Performance in Dubai Government Departments," European Journal of Marketing and Economics Articles, Revistia Research and Publishing, vol. 2, ejme_v2_i.
    13. Bell, Jennifer & Battisti, Giuliana & Guin, Benjamin, 2023. "The greening of lending: Evidence from banks’ pricing of energy efficiency before climate-related regulation," Economics Letters, Elsevier, vol. 230(C).
    14. Andreea-Daniela Moraru & Silvia Ghita-Mitrescu, 2016. "The Romanian Banking System –Key Dimensions and Visibility of CSR Practices," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 559-564, February.
    15. Piotr Bolibok, 2021. "The Impact of Social Responsibility Performance on the Value Relevance of Financial Data in the Banking Sector: Evidence from Poland," Sustainability, MDPI, vol. 13(21), pages 1-19, October.
    16. Doga Izcan & Eralp Bektas, 2022. "The Relationship between ESG Scores and Firm-Specific Risk of Eurozone Banks," Sustainability, MDPI, vol. 14(14), pages 1-21, July.
    17. Ishmael Botshabelo & Christian Mbekomize & Percy Phatshwane, 2017. "Corporate Social Responsibility Reporting in Banking Industry: An Analysis of Disclosure Levels in Botswana," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(12), pages 224-224, November.

    More about this item

    Keywords

    social responsibility; Romanian banking system; business models; responsible financing; financial education.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:icb:wpaper:v:3:y:2016:i:1:23-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rocsana Bucea-Manea-Tonis (email available below). General contact details of provider: http://icesba.eu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.