Determinants of bank social responsibility: case of Croatia

Hernaus, Ana Ivanišević; Stojanović, Alen

doi:10.15240/tul/001/2015-2-009

Cited by 9 publications

(7 citation statements)

References 63 publications

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“…However, if an information relates to several activities, it counts more times (for each disclosure item separately). Proceeding in this way, based on previous research findings (Branco & Rodriguez, 2006;Hinson, et al, 2010;Grudic Kvasic, et al, 2016), a CSR index was obtained. It should be noted that the described system does not necessarily reflect the quality of CSR activities, but their frequency in the four CSR categories specified in the study.…”

Section: Methodsmentioning

confidence: 99%

Online CSR Disclosures of Philippines’ Top 30 Publicly-Listed Companies

Briones

2020

IJBS

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This study investigated the extent of online CSR disclosures of the top 30 publicly-listed companies in the Philippines. Employing the content analysis approach, the study determined the CSR index of each company using Khasharmeh & Desoky’s approach (2013). Findingsrevealed that all the companies have stand alone section in their corporate websites where CSR activities are disclosed with “CSR” or “Sustainability” as the most popular heading. The study also found out that among the four CSR category themes,information related to community involvement, and environment themes are generally prioritized compared with the other category themes. Thesubject-companies havebelowaverage level of disclosure with overall disclosure index of 27.93. The study concluded that online CSR disclosures significantly varies along the four category themes while length of business of operation is considered as the only determinant of CSR disclosures among the firm attributes covered in the study.

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Section: Methodsmentioning

confidence: 99%

Online CSR Disclosures of Philippines’ Top 30 Publicly-Listed Companies

Briones

2020

IJBS

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“…The positive association between profitability and CSR disclosure can be accredited to the point that profitable firms have more investment in CSR actives and legitimize them. Other studies show an adverse association between CSR disclosure and financial performance (Hernaus and Stojanovic, 2015;Hirigoyen and Poulain-Rehm, 2014). While others show no connection between CSR disclosure and financial performance (Adeneye and Ahmed, 2015).…”

Section: Profitabilitymentioning

confidence: 99%

Determinants of corporate social responsibility disclosure of banking sector in Pakistan

Ali

Rehman

Kanwal

et al. 2021

SRJ

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Purpose This study aims to examine the key determinants of corporate social responsibility (CSR) disclosure of all listed banks that operate their function in an emerging market, Pakistan. Design/methodology/approach This study applied the principles of systems-oriented theories such as legitimacy, stakeholder and agency theory. The hypothesis is linking the bank’s social disclosure and its determinants are developed. The relevant data was gathered from the bank’s annual reports and Pakistan Stock Exchange from 2008 to 2018. Further, governance attributes and performance measures are used as the predictor variable and the CSR score as the predicted variable. This study applied panel data analysis on the sampled banks to examine the proposed hypothesis for empirical estimation. Findings This study’s inclusive results confirm that the hypothesized determinants of board size, foreign directors on board and female directors on board positively impact the CSR disclosure potential. Board size significantly explains the CSR disclosure in all bank samples. The determined performance measures, profitability and liquidity show a significant positive relationship with CSR disclosure except for few exceptions. Research limitations/implications This study’s results lack generalizability due to its unique setting; future researchers can extend the research scope in national–international settings and a regional context. Practical implications This study enriches the literature on CSR disclosure determinants and is relevant to practice in an emerging context. It can be helpful from a policy perspective; institutions (bodies) that regulate banks should recognize the governance and performance aspects essential to enhancing CSR disclosure and enhancing the bank’s performance hence value. Originality/value This research offers empirical evidence that sheds light on the key governance attributes and performance measures that partially affect CSR disclosure and its extent. In doing so, this study’s findings contribute to the literature significantly, along with regulators, shareholders, deposit holders, individual–institutional investors.

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“…Some countries have shown great improvements such as Australia and India (Ameeta et al, 2015); German (Relano & Paulet, 2012); USA (Charles et al, 2014); New Zealand (Dobbs & Staden, 2016). On the other hand, others are still striving to advance their disclosure such as Libya (John & Adel Abdulhamid, 2009); Romania (Mocan et al, 2015); Malaysia (Abdifatah Ahmed, 2013); Malawi (Lipunga, 2013); Croatia (Hernaus & Stojanovic, 2015); Bangladesh (Md. Hafij & Mohammad Afjalur, 2015) as well as Egypt (Rizk et al, 2008;, Hussainey et al, 2011;Soliman et al, 2013;Arafa & ElHawary, 2017).…”

Section: Discussionmentioning

confidence: 99%

“…For instance, Boubkri et al 2016find that cross-listing has a positive effect on the CSR disclosure in countries with weaker institutions, lower country-level sustainability, and higher liability of foreignness, and for those operating in industries with high litigation risk. In Croatia, the CSR disclosure level for foreign banks operating in Croatia surpasses the disclosure by the domestic banks (Hernaus & Stojanovic, 2015). Another study in Korea, reveals that foreign block shareholders may act as effective external monitors as they have a negative moderate effect on the control-ownership effect on the CSR disclosure (Sul et al, 2014).…”

Section: Foreign Ownershipmentioning

confidence: 99%

Studying the Effect of Stakeholders on the Disclosure of Corporate Social Responsibility by Banks: Evidence from Egypt

ElHawary

Arafa

2018

AFR

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Stakeholders have become more attentive to community and social information worldwide. However, their influence on the CSR disclosure is highly contextual and contingent upon several institutional factors. Therefore, this study pursues to identify the stakeholders’ group which has the most powerful effect on the CSR disclosure. The researchers examined the CSR disclosure provided by 38 banks operating in Egypt for the year 2015. Two main indices have been developed; one measures the extent of the CSR disclosure and denoted as as the CSR quantitative index. The other measures the qualitative aspects and denoted as the CSR qualitative index. In addition, five sub-indices have been developed to measure the CSR disclosure as recommened by the GRI. The relationship between these two main indices and the sub-indices and the seven groups of stakeholders have been examined using the OLS regression models. The non-parametric tests are also used to enhance the robustness of our findings and to identify the differences between the stakeholders for each index. Concerning the stakeholder effect, the Egyptian Stock exchange, audit committee and big audit firms are found to have the most powerful impact in our case. On contrary, independent directors, bank’s clients and bank specialty show insignificant results. Generally, the quality and extent of CSR disclosure by the banking sector still undeveloped, particularly for the national banks. Accordingly, the Egyptian Stock Exchange and the Central bank of Egypt need to issue vigorous guidelines and regulations to raise harmonization in the CSR disclosure and to empower their supervisory role in this respect.

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Determinants of bank social responsibility: case of Croatia

Cited by 9 publications

References 63 publications

Online CSR Disclosures of Philippines’ Top 30 Publicly-Listed Companies

Online CSR Disclosures of Philippines’ Top 30 Publicly-Listed Companies

Determinants of corporate social responsibility disclosure of banking sector in Pakistan

Studying the Effect of Stakeholders on the Disclosure of Corporate Social Responsibility by Banks: Evidence from Egypt

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