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Corporate social responsibility in the first years of Caja de Pensiones para la Vejez y de Ahorros

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Author Info

  • Argandoña, Antonio

    ()
    (IESE Business School)

  • Moreno, Carlos M.

    (Universitat Ramon Llull)

  • Sola, Joan M.

    (La Caixa)

Abstract

When Caja de Pensiones para la Vejez y de Ahorros, 'la Caixa', was created in 1905, it was not just a transient response to a serious social, political, and economic problem; it also provided a permanent solution by creating a long-lasting social welfare institution. In addition, its founder understood the responsibility of social welfare institutions not as an isolated responsibility for each institution, but as part of a harmonious whole that is a true moral entity, with a socio-economic character, independence and unity of nature, purpose and form. The purpose of this article is to show how the conception of corporate social responsibility of Francesc Moragas, the founder of 'la Caixa,' informed the activities of the new institution in a variety of dimensions, including its service to its customers, its economic strengths, its social welfare work and its participation in the creation of Spain's public social security system.

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Bibliographic Info

Paper provided by IESE Business School in its series IESE Research Papers with number D/831.

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Length: 19 pages
Date of creation: 03 Nov 2009
Date of revision:
Handle: RePEc:ebg:iesewp:d-0831

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Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
Web page: http://www.iese.edu/
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Related research

Keywords: savings bank; corporate social responsibility; social security; welfare state;

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Cited by:
  1. Halina Waniak-Michalak, 2014. "The Importance Of Philanthropic Activity And Government Social Welfare For Society And The Economy," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 10(1), pages 49-59, June.

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