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Social responsibility in the Spanish financial system

Author

Listed:
  • Antonio Carlos Aranda Ruiviejo
  • Eva Maria Sotomayor Morales

Abstract

Purpose - – This paper aims to analyze the degree of implementation of corporate social responsibility (CSR) policies in the Spanish financial system. Design/methodology/approach - – The study includes nine entities within the same organizational field to explore the pressure mechanisms that can affect the behavior of organizations. Findings - – It concludes that the strategic nature of CSR is limited by the highly institutionalized character of this practice, a fact that causes isomorphic social structures among the approaches to responsibility of diverse entities. Originality/value - – The results obtained are of great value to those responsible for the management bodies, as they show evidence of the need for a new approach to corporate governance policies if it is to achieve a competitive advantage in the industry, especially in the case of savings banks, where social work can play a fundamental role.

Suggested Citation

  • Antonio Carlos Aranda Ruiviejo & Eva Maria Sotomayor Morales, 2016. "Social responsibility in the Spanish financial system," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 12(1), pages 103-116, March.
    • Handle: RePEc:eme:srjpps:v:12:y:2016:i:1:p:103-116
    DOI: 10.1108/SRJ-01-2015-0012
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