Costs and benefits of reducing financing costs through corporate social responsibility

Autor práce: Bandžak, Richard
Typ práce: Diplomová práce
Vedoucí práce: Klosová, Anna
Osoba oponující práci: Tong Clark, Junie

Informace o vysokoškolské kvalifikační práci

Název práce: Costs and benefits of reducing financing costs through corporate social responsibility
Typ práce: Master thesis
Jazyk práce: English
Abstrakt: The dissertation thesis investigates the relationship between corporate social responsibility (CSR) and financial performance (FP) on the sample of 51 Eurozone banks over the period from 2008 to 2014. The investigation is based on a panel data regression analysing the financial data from Bankscope and the social performance data from CSRHub. Return on assets and the ratio of non-performing loans to total loans represent the measures of financial performance and are used as dependent variables. The results of this model have shown a positive and statistically significant CSR-FP relationship. It is argued that even though the results show statistical significance, they do not necessarily include such a strong informational value. This is caused by methodological limitations, such as potentially biased data on CSR, as well as by the theoretical ones. The main theoretical concern, detected in the dissertation thesis, is a need for redefinition of the banks' driving motives of engaging in CSR activities. Banks engaging in CSR activities for merely strategic reasons should be analysed separately on a firm-level as they may otherwise bias the empirical results. Another important aspect of the work was an argument that banks benefit from CSR mainly through the product differentiation. This could not have been tested empirically, but it is assumed that the product differentiation, for example through reputation enhancement, may play a significant role in boosting bank's profits.
Klíčová slova: sovereign debt crisis; return on assets; product differentiation; non-performing loans; financial performance; banking industry; corporate social responsibility; Eurozone

Informace o studiu

Studijní program a Studijní obor: Economics of Globalisation and European Integration
Typ studijního programu: Magisterský navazující studijní program
Jméno přidělované hodnosti: Ing.
Instituce přidělující hodnost: University of Economics, Prague
Název fakulty: Faculty of International Relations
Název katedry: Department of International Trade
Instituce archivující a zpřístupňující VŠKP: University of Economics, Prague

Informace o odevzdání a obhajobě

Datum zadání práce: 31. 7. 2015
Datum podání práce: 30. 9. 2015
Datum obhajoby: 11.01.2016

Soubory ke stažení

Hlavní práce53747_xbanr00.pdf [755,69 kB]
Oponentura45261_Tong Clark.pdf [143,77 kB]
Hodnocení vedoucího53747_klosova.pdf [128,86 kB]

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