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To engage or not to engage in corporate social responsibility: Empirical evidence from global banking sector

机译:从事或不从事企业社会责任:来自全球银行业的经验证据

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Whether or not banks should engage in corporate social responsibility (CSR) activities is controversial because of the concomitant high cost even if banks could enjoy the benefits of a higher income as a result of their good reputation. Faced with this dilemma, bank managers are hesitant to engage in CSR. This study pursues this issue by examining whether or not banks engaging in CSR can bring profits and reduce non-performing loans. We apply three novel estimation methods to obtain the unbiased and full-blown CSR effect. The first two methods are matching methods, namely, conventional propensity score matching method and nearest neighbor variance bias-corrected matching method (nn-VBC). The third method is Heckman's two-step method in switching regression. Regardless of the methods used, CSR banks overwhelmingly outperform non-CSR banks in terms of return on assets and return on equity. Our study offers policy suggestions for both government regulators and bank managers. (c) 2016 Published by Elsevier B.V.
机译:银行是否应开展企业社会责任(CSR)活动引起争议,因为随之而来的高昂成本,即使银行因其良好声誉而享有较高收入的好处也是如此。面对这种困境,银行经理不愿从事企业社会责任。本研究通过研究从事企业社会责任的银行是否可以带来利润和减少不良贷款来解决这个问题。我们应用三种新颖的估算方法来获得无偏差和全面的CSR效果。前两种方法是匹配方法,即常规的倾向得分匹配方法和最近邻方差偏差校正的匹配方法(nn-VBC)。第三种方法是切换回归的Heckman的两步法。无论采用哪种方法,企业社会责任银行在资产回报率和净资产收益率上均以绝对优势胜过非企业社会责任银行。我们的研究为政府监管机构和银行经理提供了政策建议。 (c)2016年由Elsevier B.V.发布

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