ORCID
Marta Idasz-Balina 0000-0002-4129-8259
Rafał Balina 0000-0001-6304-8149
Adam Zając 0000-0002-8511-8117
Krzysztof Smoleń 0000-0001-6674-2689
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 fi nancial institutions by responsible entities.
Recommended Citation
Idasz-Balina, Marta; Balina, Rafał; Zając, Adam; and Smoleń, Krzysztof
(2024)
"Corporate Philanthropy in Shaping the Financial Efficiency of Cooperative Banks in Poland – Empirical Research,"
Journal of Banking and Financial Economics: Vol. 2023:
No.
20, Article 4.
DOI: 10.7172/2353-6845.jbfe.2023.2.4
Available at:
https://press.wz.uw.edu.pl/jbfe/vol2023/iss20/4
First Page
63
Last Page
79
Page Count
17
Received Date
22.08.2023
Revised Date
06.10.2023
Accept Date
22.10.2023
Online Available Date
28.12.2023
DOI
10.7172/2353-6845.jbfe.2023.2.4
JEL Code
A13, G41, M14, G21
Publisher
University of Warsaw