Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5088293 | Journal of Banking & Finance | 2016 | 23 Pages |
Abstract
We examine the relation between banks' corporate social responsibility (CSR) and financial performance in a context of the recent financial crisis. We find that banks, in general, appear to be rewarded for being socially responsible as financial performance is positively and significantly related to CSR scores. We find that the biggest banks pursue socially responsible activities to a significantly greater extent than smaller banks. Further, the largest banks see a steep increase in CSR strengths and a steep drop in CSR concerns after 2009.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marcia Millon Cornett, Otgontsetseg Erhemjamts, Hassan Tehranian,