The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure: Evidence from Poland

Łukasz Matuszak , Ewa Różańska , Małgorzata Macuda


Purpose – The purpose of this paper is to investigate the extent and trend of corporate social responsibility (CSR) reporting in commercial banks in Poland and examine the link between corporate governance characteristics, namely size of the bank, ownership, boards size, board diversity and CSR disclosures in the banks. Design/methodology/approach – The annual reports and CSR reports of the banks were examined between 2008 and 2015 using content analysis and panel data analysis. Findings – The results indicate that banks improved their CSR reporting practices during examined period. There are statistically significant differences in the level of CSR disclosures between banks with a different ownership structure. Both foreign majority shareholder group as well as state majority shareholder group have a positive influence on CSR as compared with Polish majority shareholder (PMS) group (excluding State). Moreover, being listed on stock exchange has a positive influence on CSR as compared with not being listed. Further, the results also revealed that there is a significant positive effect of almost all variables related to the management board, namely, size, female board leadership and foreign board members on CSR disclosure, whereas all supervisory board variables and all considered ownership variables have no statistically significant impact on CSR disclosure. Originality/value – This research contributes to the existing literature because the banking sector is often excluded from CSR studies due to its specific legal regulations and seemingly little environmental impact. Moreover, there are only few studies analysing the effect of boards characteristics on the banks CSR disclosure, especially in emerging countries. This study is also the first of this kind focusing on the two-tier system. Furthermore, the study provides the instrument to measure CSR in the banking industry. Finally, the research stresses the crucial implications for banking sector, shareholders and regulatory bodies.
Author Łukasz Matuszak (WZ / KR)
Łukasz Matuszak,,
- Department of Accounting
, Ewa Różańska (WZ / KR)
Ewa Różańska,,
- Department of Accounting
, Małgorzata Macuda (WZ / KR)
Małgorzata Macuda,,
- Department of Accounting
Journal seriesJournal of Accounting in Emerging Economies, ISSN 2042-1168, e-ISSN 2042-1176, (N/A 70 pkt)
Issue year2019
Publication size in sheets1.35
Keywords in Polishspołeczna odpowiedzialność przedsiębiorstw, Polska, raportowanie CSR, ład korporacyjny, banki komercyjne
Keywords in EnglishCorporate social responsibility, Poland, CSR disclosure, Corporate governance, Commercial banks
Languageen angielski
Score (nominal)70
Score sourcejournalList
ScoreMinisterial score = 70.0, 08-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 1
Citation count*5 (2020-01-13)
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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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