Empirical study on the correlation of corporate social responsibility with the banks efficiency and stability

Abstract

The aim of this paper is to investigate the relationship between the concept of corporate social responsibility and the most important characteristics of banking - the efficiency and stability in a sample of twelve Ukrainian banks, which are the biggest banks in Ukraine according to the classification of the National Bank of Ukraine (NBU). Our research covers the period from 2006 to 2012. Based on the literature review we construct two main hypothesis related to the impact on the corporate social responsibility concept (CSR) of the following independent variables: 1 - efficiency (as a short term period characteristics of banking), 2 - stability (as a long term characteristics of banking).