Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Do social and environmental capabilities improve bank stability? : evidence from transition countries
Authors: Djalilov, Khurshid
Hartwell, Christopher
et. al: No
DOI: 10.1080/14631377.2021.1965359
Published in: Post-Communist Economies
Volume(Issue): 34
Issue: 5
Page(s): 1
Pages to: 23
Issue Date: 23-Oct-2021
Publisher / Ed. Institution: Taylor & Francis
ISSN: 1463-1377
Language: English
Subjects: Corporate social responsibility; Environmental protection; Financial sector stability; Transition
Subject (DDC): 332.1: Banks
Abstract: Financial institutions have embraced the idea of corporate social responsibility (CSR) over the past decade, particularly in the banking sector, even as they have faced challenges in their core business model and an uncertain economic environment. Has the addition of CSR helped banks in their effort to become more stable via diversification, or has it squandered resources which could be utilised elsewhere? Using a sample of 319 commercial banks from 21 transition countries in Central and Eastern Europe and the former Soviet Union from 2002 to 2014, we find that there is a heterogeneous effect of CSR on bank stability, with total commitment to CSR contributing to the stability the most. Environmental capabilities, on the other hand, appear to influence stability only for those firms which are already the highest performing. We conjecture that, for financial sector firms in a transition environment, CSR is a further commitment for firms which have attained a certain level of stability but can be destabilising for weaker banks.
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: International Management Institute (IMI)
Appears in collections:Publikationen School of Management and Law

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