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Corporate Social Responsibility Policies of Commercial Banks in Developing Countries

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  • Vi‐in Hu
  • Bert Scholtens

Abstract

ABSTRACT We investigate the corporate social responsibility (CSR) policies of commercial banks in developing countries. Our analysis is based on a sample of 402 banks from 44 countries. We also analyze how bank and country characteristics connect with banks' CSR policies. We find that there is a significant difference regarding the CSR scores among individual banks and countries. There is not much difference along various per capita income classes. We establish a positive and significant association between CSR policies and bank characteristics such as total assets and return on assets, as well as with country specific characteristics such as financial development and the ability of citizens to freely express their opinions. The openness of a country is negatively associated with banks' CSR policies. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.

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  • Vi‐in Hu & Bert Scholtens, 2014. "Corporate Social Responsibility Policies of Commercial Banks in Developing Countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 22(4), pages 276-288, July.
    • Handle: RePEc:wly:sustdv:v:22:y:2014:i:4:p:276-288
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    Cited by:

    1. Bert Scholtens & Sophie van’t Klooster, 2019. "Sustainability and bank risk," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-8, December.
    2. Mandas, Marco & Lahmar, Oumaima & Piras, Luca & De Lisa, Riccardo, 2024. "ESG reputational risk and market valuation: Evidence from the European banking industry," Research in International Business and Finance, Elsevier, vol. 69(C).
    3. Barkemeyer, Ralf & Preuss, Lutz & Ohana, Marc, 2018. "Developing country firms and the challenge of corruption: Do company commitments mirror the quality of national-level institutions?," Journal of Business Research, Elsevier, vol. 90(C), pages 26-39.
    4. Giordino, Daniele & Jabeen, Fauzia & Nirino, Niccolò & Bresciani, Stefano, 2024. "Institutional investors ownership concentration and its effect on disclosure and transparency of United Nations sustainable development goals," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    5. Thanita Buranatrakul & Fredric William Swierczek, 2018. "Climate Change Strategic Actions in the International Banking Industry," Global Business Review, International Management Institute, vol. 19(1), pages 32-47, February.
    6. Mario La Torre & Sabrina Leo & Ida Claudia Panetta, 2021. "Banks and environmental, social and governance drivers: Follow the market or the authorities?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1620-1634, November.
    7. Giuliana Birindelli & Stefano Dell’Atti & Antonia Patrizia Iannuzzi & Marco Savioli, 2018. "Composition and Activity of the Board of Directors: Impact on ESG Performance in the Banking System," Sustainability, MDPI, vol. 10(12), pages 1-20, December.
    8. Venturelli, Valeria & Pedrazzoli, Alessia & Pennetta, Daniela & Gualandri, Elisabetta, 2024. "Pinkwashing in the banking industry: The relevance of board characteristics," Research in International Business and Finance, Elsevier, vol. 67(PB).
    9. Meng-Wen Wu & Chung-Hua Shen & Ting-Hsuan Chen, 2017. "Application of multi-level matching between financial performance and corporate social responsibility in the banking industry," Review of Quantitative Finance and Accounting, Springer, vol. 49(1), pages 29-63, July.
    10. Klein, Florian, 2015. "Identifikation potenzieller Nachhaltigkeitsindikatoren von Genossenschaftsbanken: Eine Literaturstudie," Arbeitspapiere 148, University of Münster, Institute for Cooperatives.
    11. Giuliana Birindelli & Antonia Patrizia Iannuzzi & Marco Savioli, 2019. "The impact of women leaders on environmental performance: Evidence on gender diversity in banks," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1485-1499, November.
    12. Isabel‐María García‐Sánchez & Lázaro Rodríguez‐Ariza & Beatriz Aibar‐Guzmán & Cristina Aibar‐Guzmán, 2020. "Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 2019-2036, July.

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