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Internal vs. external corporate social responsibility at U.S. banks

Bolton, Brian - In: International Journal of Financial Studies : open … 8 (2020) 4/65, pp. 1-28

This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank …. Separating bank CSR activities into internally focused and externally focused ones provides evidence on how different … constituents value bank CSR activities. I find that CSR-related value creation is primarily a result of banks' external investments …

Persistent link: https://www.econbiz.de/10012321121

The Financial Sector, Economic Crisis and Recession : Discourses on Corporate Social Ir/Responsibility

Herzig, Christian - 2012

The financial crisis has brought about dramatic consequences for economies and societies. Questions emerge about responsibility for the crisis and, implicitly or explicitly irresponsibility; the obligations to take responsibility for the costs and other adverse effects of the recession; and the...

Persistent link: https://www.econbiz.de/10013103174

Socially Responsible Funds and Market Crises

Varma, Abhishek - 2014

Compared to conventional mutual funds, socially responsible mutual funds outperform during periods of market crisis. This dampening of downside risk comes at the cost of under performing during non-crisis periods. Investors with Prospect Theory utility functions would value the skewness of these...

Persistent link: https://www.econbiz.de/10013065518

Greed or Good Deeds : An Examination of the Relation between Corporate Social Responsibility and the Financial Performance of U.S. Commercial Banks around the Financial Crisis

Cornett, Marcia Millon - 2016

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...

Persistent link: https://www.econbiz.de/10013007138

CSR’s Role within Banking in the Post Financial Crisis

Mihai Yiannaki, Simona - 2013

At current, the problems existing within the E.U. banking system are made more visible, probably as a result of European governmental elections taking place in many European countries that cause lobbyists to emphasize problems rather than solutions. This paper sheds some light on the debate and...

Persistent link: https://www.econbiz.de/10013094985

Subprime Governance : Agency Costs in Vertically Integrated Banks and the 2008 Mortgage Crisis

Gartenberg, Claudine Madras - 2015

This study uses the 2008 mortgage crisis to demonstrate how the relationship between vertical integration and performance crucially depends on corporate governance. Prior research has argued that the vertical integration of mortgage origination and securitization aligned divisional incentives...

Persistent link: https://www.econbiz.de/10013010655

The Effects of the Financial Crisis on the Organizational Reputation of Banks : An Empirical Analysis of Newspaper Articles

Englert, Mario Rudolf - 2018

The recent financial crisis has triggered an intense debate about the role of banks in society, presumably changing the criteria used in the evaluation of organizations. Against this backdrop, we investigate the changing role of banks' organizational features in shaping different dimensions of...

Persistent link: https://www.econbiz.de/10012911661