Ethical and Social Responsibility of Financial Institutions: Influence of Internal and External Pressure

Darus, Faizah; Mad, Salina; Nejati, Mehran

doi:10.1016/s2212-5671(15)01099-0

Cited by 14 publications

(12 citation statements)

References 32 publications

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“…There is an increasing expectation for financial institutions to conduct business in an ethical and socially responsible manner (Scholtens, 2009). This expectation is driven by a broad range of factors, including competitive, societal, political, regulatory, media, and ethical influences (Ali, Frynas, & Mahmood, 2017;Darus, Mad, & Nejati, 2015;Marin, Ruiz, & Rubio, 2009). In addition to financial institutions having an important role in creating a stable macroeconomic environment, they exert significant influence over the stability and sustainability of the finances and livelihoods entrusted to them by individual consumers (Griffiths, 2007).…”

Section: The Role Of Financial Institutions In Gamblingmentioning

confidence: 99%

The role of financial institutions in gambling

Swanton

Gainsbury

Blaszczynski

2019

International Gambling Studies

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Financial institutions have an obligation to uphold rigorous corporate governance and risk management practices. However, they also have corporate social responsibility for assisting customers in enhancing and maintaining a state of financial wellbeing. Financial institutions play a role in facilitating gambling transactions in many instances, including potentially providing credit to customers experiencing gambling-related harms. Consequentially, this paper reviewed the role of financial institutions in gambling and considered various ways in which policies and practices could be enacted to enhance customer wellbeing. The review, which focused largely on Australia, found limited evidence of any bank policies specifically regarding gambling, despite a potential minor increase in awareness of the importance of such policies. Behavioural economics and psychological approaches may be promising frameworks to guide the development of policies to assist customers in limiting their gambling to affordable levels. Financial institutions may consider implementing products and resources for customers seeking assistance in managing their gambling expenditure, as well as appropriate processes for the disclosure of gambling problems and strategies to detect potentially risky transactions. It is likely that there will be increased government and community scrutiny over the role of financial institutions in gambling. A proactive effort to enhance customer wellbeing could have broad positive outcomes.

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Section: The Role Of Financial Institutions In Gamblingmentioning

confidence: 99%

The role of financial institutions in gambling

Swanton

Gainsbury

Blaszczynski

2019

International Gambling Studies

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“…In Indonesia with the majority of muslim population, the company shall consider the main stakeholders which provide good support for the company's business activities. Disclosure of ISR is one way to manage good relationships between companies and stakeholders [8], [10], [16]. Muslim stakeholders will certainly be more comfortable to invest in shares of companies that do not violate the concept of sharia.…”

Section: Resultsmentioning

confidence: 99%

“…Researches related to ISR have been conducted in Islamic Financial Institution (IFI), mainly in sharia banking sector. This research done by [8], [9], [3], [10], [11]. Other studies have linked the characteristics of banks or firms listed in Islamic capital markets with ISRs, such as researches conducted by [6], [12], [13], [14].…”

Section: Introductionmentioning

confidence: 99%

Social responsibility disclosure of Indonesian Islamic Index Company

Okfitasari¹,

Meikhati²,

Widyawati³

2019

Proceedings of the Proceedings of the 3rd English Language and Literature International Conference, ELLiC, 27th April 2019, Sem

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This research is aimed to analyze the disclosure level of Social Reporting in companies listed in Jakarta Islamic Index (JII) using ISR index. This research is descriptive research, that is research which try to describe and interpret result of ISR index score based on six criteria: Funding and Investment, Products and Services, Employee, Society, Environment and Corporate Governance. The population of this study are all companies listed in JII period 2014-2016. The sampling method used in this research is purposive sampling method. The result of research shows that the most disclosure on the six ISR index criteria conducted by 21 companies listing in JII is environmental criteria. This proves that there is an awareness of the environmental social responsibility of companies listing in JII. Overall, the average disclosure of the ISR index on 21 JII firms has not been good, only 47.80%. This indicates that there are still many ISR index items that have not been fully disclosed. The results also show a tendency to increase the ISR index. This condition proves the increase of corporate awareness of the obligation of social responsibility according to sharia. This condition proves the increase of corporate awareness of the obligation of social responsibility according to sharia.

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“…Pengungkapan CSR pada penelitian ini diukur dengan menggunakan indeks CSR. Peneliti melakukan analisis dengan menggunakan content analysis (Andrikopulus et al, 2014;Ettinger et al, 2018;Darus et al, 2015). Analisis ini dengan memberikan score terhadap pengungkapan CSR pada laporan tahunan berdasarkan indeks CSR.…”

Section: Pengukuran Variabelunclassified

Pengungkapan Corporate Social Responsibility (CSR) pada Lembaga Keuangan yang Terdaftar di BEI

Cahyaningtyas

2018

ebgc

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This study aimed to examine the determinant of the disclosure of corporate social respinsiblity in the Indonesian financial institutions. By using purposive sampling method, there are 76 financial institutions that used as sample research, with data as much as 228 data. The sample were financial institutions, which had published an annual report between 2014 to 2016. This study uses multiple linear regression analysis to test the research hypothesis. The results showed that firm size and leverage gave a significant positive effect on CSR disclosure. Meanwhile, the calculation of profitability showed no significant effect on CSR disclosure. INTISARIPenelitian ini bertujuan untuk menguji determinan pengungkapan tanggung jawab sosial perusahaan di lembaga keuangan Indonesia. Dengan menggunakan metode purposive sampling, terdapat 76 lembaga keuangan yang digunakan sebagai sampel penelitian, yakni sebanyak 228 data. Sampe lpenelitian adalah lembaga keuangan yang telah menerbitkan laporan tahunan antara tahun 2014 hingga 2016. Penelitian ini menggunakan analisis regresi linier berganda untuk menguji hipotesis penelitian. Hasil penelitian menunjukkan bahwa ukuran perusahaan dan leverage memberikan pengaruh positif signifikan terhadap pengungkapan CSR. Perhitungan profitabilitas tidak menunjukkan pengaruh yang signifikan terhadappengungkapan CSR. Keywords: corporate social responsibility, financial institutions, company size,profitability, leverage

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Ethical and Social Responsibility of Financial Institutions: Influence of Internal and External Pressure

Cited by 14 publications

References 32 publications

The role of financial institutions in gambling

The role of financial institutions in gambling

Social responsibility disclosure of Indonesian Islamic Index Company

Pengungkapan Corporate Social Responsibility (CSR) pada Lembaga Keuangan yang Terdaftar di BEI

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