Corporate social responsibility in the banking industry: Motives and financial performance
Citations
399 citations
Cites background from "Corporate social responsibility in ..."
...A study of 162 banks in 22 countries identifies three motives for banks participating in CSR activities—strategic choice, altruism, and greenwash (Wu & Shen, 2013)....
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221 citations
Cites background from "Corporate social responsibility in ..."
...Wu and Shen (2013) find that CSR is positively related to financial performance; measured by accounting-based measures for 162 banks from 22 different countries....
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Cites background from "Corporate social responsibility in ..."
...Wu and Shen (2013) find a significant relationship between a bank’s performance and its CSR activities and Schreck (2011) report a strong link between performance and (single stockholder-related issues of) CSR. 3 Examining the nature of CSR activities, as reported in the KLD database for the S&P…...
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References
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