Corporate Social Responsibility in the International Banking Industry

Scholtens, Bert

doi:10.1007/s10551-008-9841-x

Cited by 422 publications

(363 citation statements)

References 18 publications

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“…Research by Ghoul et al (2011) on US firms indicates that investment in employee relations, environmental policies and CSR product strategies helps lower firms' costs of capital. Investors, therefore, increasingly require boards and managers to engage in CSR and report on this engagement (Scholtens, 2008;Kolk and Pinkse, 2010).…”

Section: Corporate Governance and Csrmentioning

confidence: 99%

“…This suggests that managers' typical inclination to limit their risk exposure to protect their human capital has been eroded by the structure of their executive pay packages. As CSR engagement and disclosure tend to reduce firms' risk profiles (Simpson and Kohers, 2002;Scholtens, 2008;Salama et al, 2011;Ghoul et al, 2011), CEOs might view CSR reporting as detrimental to maximising their remuneration.…”

Section: Ceo Dualitymentioning

confidence: 99%

“…We examine the content of four CSR categories: community involvement, environment, employees, and product and customer service quality (Gray et al, 1995b;Haniffa and Cooke, 2005;Branco and Rodrigues, 2006;Scholtens, 2008;HolderWebb et al, 2009). …”

Section: Measuring Csr Disclosurementioning

confidence: 99%

“…Extensive prior research suggests that CSR reporting can impact positively on stakeholders' perceptions of firm performance, firm value and firm risk, and thereby on firms' profitability, cost of capital and share price (Gray, Kouhy and Lavers, 1995b;Simpson and Kohers, 2002;Scholtens, 2008;Godfrey, Merrill and Hansen, 2009;Salama, Anderson and Toms, 2011;Ghoul, Guedhami, Kwok and Mishra, 2011;Cormier, Ledoux and Magnan, 2011;Lourenco, Branco, Curto and Eugenio, 2012). Moreover, as CSR reporting contributes to the reduction of information asymmetry between managers and investors as well as other stakeholders, comprehensive CSR reporting aids the supervision and control of managers.…”

Section: Introductionmentioning

confidence: 99%

“…The rationale for this is that the quality of disclosure is more essential than the quantity (Hasseldine, Salama and Toms, 2005;Toms, 2002). In line with definitions, frameworks and methods employed in the mainstream CSR literature (Gray et al, 1995a(Gray et al, , 1995bHaniffa and Cooke, 2005;Branco and Rodrigues, 2006;Scholtens, 2008;HolderWebb, Cohen, Nath and Wood, 2009), we develop a CSR disclosure measure based on the content of four CSR categories − community involvement, environment, employees, and product and customer service quality − and score the content of information in each of the categories based on the existence and comprehensiveness of information disclosed.…”

Section: Introductionmentioning

confidence: 99%

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Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector

et al. 2013

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The nal publication is available at Springer via http://dx.doi.org/10.1007/s10551-013-1929-2.Additional information: Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-pro t purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. interests. Contrary to our expectations, CEO duality also impacts positively on CSR disclosure. From an agency-theoretical viewpoint, this suggests that powerful CEOs may promote transparency about banks' CSR activities for their private benefits. While this could indicate that powerful CEOs are under particular pressure to appease stakeholders' concerns that they might abuse their power by providing a high degree of CSR disclosure, it could also be a sign of managerial risk aversion or managers' private reputational concerns.

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Section: Corporate Governance and Csrmentioning

confidence: 99%

Section: Ceo Dualitymentioning

confidence: 99%

Section: Measuring Csr Disclosurementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector

et al. 2013

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The relationship between corporate environmental, social, governance issues and corporate sustainability in the financial sector: A managerial perspective

Sideri

2023

Bus Strat Dev

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This paper investigates whether Hellenic financial institutions' commitment on environmental social and governance (ESG) issues has any relation with financial institutions' corporate sustainability. As a contribution to previous literature, the moderating role of managers' perception in the conceptual model is explored. A survey has been conducted to obtain data about the association of ESG commitment with sustainability literacy, sustainability reporting credibility, SDGs awareness, sustainability, and financial performance. Top managers from Greek financial institutions were reviewed via an online questionnaire, during the third wave of the pandemic. The results of inductive analysis provide evidence that the sample displays good reliability and internal consistency. Particularly, dichotomous variables demonstrate internal contingency, whereas liker‐scaled variables exhibit significant correlation. It seems that sustainable development and SDGs awareness are positively correlated with ESG commitment according, while business commitment to environmental issues is inversely proportional to the negative economic impact of the pandemic to corporate sustainability performance. Eventually, it turns out that ESG commitment does affect corporate sustainability on the areas of sustainability reporting credibility, SDGs awareness, sustainability, and financial performance.

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The influence of board characteristics, ownership structure and public attention on climate change disclosure in banking sector companies

Octavio,

Setiawan

2024

Bus Strat Dev

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This study aims to analyze the influence of board characteristics, ownership structure, and public attention on the disclosure of information related to climate change in the banking industry. This study uses panel data from financial reports and corporate sustainability in the banking sector. The data is processed using the Eviews application, using a sample of 348 companies from 2018 to 2021. The results show that the presence of women on the board, foreign board members, foreign ownership, and public attention all have a positive and significant effect influence. In contrast, board size and institutional ownership have a negative influence on the disclosure of climate change information by banking companies in different countries. Statistical tests also show that although the level of climate change information disclosure by banking companies is relatively good, there is still room for improvement to be in line with evolving standards. The study also looks at public attention through media coverage, as measured through Google Trends, which has the potential to impact climate change information disclosure, especially in sectors that are sensitive to the issue. Furthermore, the study conducted additional tests by categorizing the sample based on companies located in countries with high and medium rankings in the climate change performance index, as well as grouping them by region (Asia, Americas, and Europe). This research has important practical and theoretical contributions, advancing the understanding of the application of legitimacy and stakeholder theories to climate change and the factors that influence climate change disclosure strategies.

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Corporate Social Responsibility in the International Banking Industry

Abstract: Corporate Social Responsibility, Banking Industry, Performance, F210, G210, M140,

Cited by 422 publications

References 18 publications

Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector

Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from the US Banking Sector

The relationship between corporate environmental, social, governance issues and corporate sustainability in the financial sector: A managerial perspective

The influence of board characteristics, ownership structure and public attention on climate change disclosure in banking sector companies

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