Virtus InterPress

CSR and bank’s financial relations with stakeholders

PROJECT NAME: CSR and Bank’s financial relations with stakeholders

THE PROJECT CONTENT

The economic crises consequences have lead to the strengthening of the regulation for financial institutions. Many of them are in the process of reviewing of their strategies. In light of this issues of competition for resources is becoming urgent. Corporate social responsibility in banks can be viewed as one of the solution to receive competitive advantages in long-run. Debates here are around general principles of CSR in banks, specifics of CSR in banks, influence of CSR on bank performance. One of the most debatable issues is the evaluation of CSR in banks in relation with bank performance. Recent methods should be improved and reviewed. For these purpose methodical approach to the assessment of the relationship between CSR and financial performance of the bank, which provides for calculation of the CSR index of the bank’s and aggregate indicator of banks’ financial relations with stakeholders, followed by evaluation of the relationship of these indicators through the use of the method of analytic groups that allows to estimate the relationship of CSR and financial relations of the bank with its stakeholders may be used in the paper. With regard to the lack of attention to CSR from the national regulators, some evidences and results could be used for improving national practices of CSR in banks. Project outcome: paper, which will be presented during a scientific conference in Milan - May 8, 2014

THE PROJECT DEADLINES

Results of the joint research are planned to be presented on the International scientific conference "Corporate Governance: a Search for Advanced Standards in the Wake of Crisis" in Milan (Italy) on May 8, 2014

THE PROJECT COORDINATOR

Dmitriy Govorun (Ukraine); Yaroslav Mozghovyi (Ukraine)

CONTACT PERSONS

Dmitriy Govorun, PhD, International Center for Banking and Corporate Governance, Ukrainian Academy of Banking of the National Bank of Ukraine (Ukraine) (e-mail: dmitriy.govorun[at]virtusinterpress.org)

Yaroslav Mozghovyi, PhD researcher, International Center for Banking and Corporate Governance, Ukrainian Academy of Banking of the National Bank of Ukraine (Ukraine) (e-mail: mozghovyi[at]virtusinterpress.org)

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