The relation between the CSR and the accounting information system data in Central and Eastern European (CEE) countries – the evidence of the Polish financial institutions

Justyna Fijałkowska , Beata Zyznarska-Dworczak , Przemysław Garsztka


Financial institutions play a fundamental role in determining the sustainability of economies, both in developed and developing countries. However, the worldwide financial crises made many financial institutions lost their credibility and CSR engagement has been perceived as a remedy. The aim of this paper is to analyze the interrelation between being socially responsible and tangible financial outcome of financial institutions in one of the CEE countries - Poland. Financial and market data of all the public companies from the financial sector in Poland – 116 financial institutions. The analyzed period is 2012-2015 that gives 257 observations. The empirical results reveal that in case of financial institutions in Poland the slack resources are strongly related to CSR involvement, however being socially responsible is not reflected in the bottom line. Polish market and the public are reluctant in considering the CSR importance and the CSR engagement is not rewarded. This undermines the role of CSR commitment in financial institutions in CEECs. It may be assumed that CSR efforts in Poland are not focused properly, or they are not communicated effectively. On the basis of comparative analysis is presented there is a significant difference between CEE countries and other transitional countries in CSR implementation and communication. The findings are important in better understanding of the link between CSR engagement and its tangible outcomes in CEE countries. The conclusions may lead to the improved decision-making processes concerning CSR activities and their communication.
Author Justyna Fijałkowska - Uniwersytet Łódzki (UŁ)
Justyna Fijałkowska,,
, Beata Zyznarska-Dworczak (WZ / KR)
Beata Zyznarska-Dworczak,,
- Department of Accounting
, Przemysław Garsztka (WIiGE / KE)
Przemysław Garsztka,,
- Department of Econometrics
Journal seriesJournal of Accounting and Management Information Systems, ISSN 1583-4387, (0 pkt)
Issue year2017
Publication size in sheets1.55
Keywords in EnglishCSR, financial performance, financial institutions, banks, Central and Eastern Europe, CEE, CEE countries
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 5.0, 16-03-2020, ArticleFromJournal
Publication indicators WoS Citations = 0
Citation count*8 (2020-09-23)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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