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Corporate Philanthropy in Shaping the Financial Efficiency of Cooperative Banks in Poland – Empirical Research

Author

Listed:
  • Marta Idasz-Balina

    (Kozminski University, Department of Strategy, Poland)

  • Rafal Balina

    (Warsaw University of Life Sciences, Department of Finance, Poland)

  • Adam Zajac

    (Cardinal Stefan Wyszynski University, Institute of Economics and Finance, Poland)

  • Krzysztof Smolen

    (University or Warsaw, Faculty of Management, Poland)

Abstract

The aim of the study is to establish and analyze the relationship between expenditure on corporate philanthropy and fi nancial performance of cooperative banks in Poland. The study covered 70 cooperative banks, where the level of expenditure on social activities was above the average in the sector. The research was carried out using the Generalized Method of Moments for the years 2013–2020. Studies have shown positive importance of corporate philanthropy in shaping fi nancial effi ciency. The research also indicated a signifi cant shift in the time between spending on social activities and the fi nancial results obtained. The obtained results indicate an area that has not been thoroughly analyzed: the impact of spending on social activities in the context of shaping the fi nancial efficiency considering time shifts. This knowledge may result in more intentional creation of the effi ciency policy by management, considering corporate philanthropy, Corporate Social Responsibility, or the introduction of appropriate regulatory changes for the assessment of financial institutions by responsible entities.

Suggested Citation

  • Marta Idasz-Balina & Rafal Balina & Adam Zajac & Krzysztof Smolen, 2023. "Corporate Philanthropy in Shaping the Financial Efficiency of Cooperative Banks in Poland – Empirical Research," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(20), pages 63-79.
    • Handle: RePEc:sgm:jbfeuw:v:2:y:2023:i:20:p:63-79
    DOI: 10.7172/2353-6845.jbfe.2023.2.4
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    Keywords

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    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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