Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/313477 
Year of Publication: 
2023
Citation: 
[Journal:] Journal of Banking and Financial Economics (JBFE) [ISSN:] 2353-6845 [Issue:] 20 [Year:] 2023 [Pages:] 63-79
Publisher: 
University of Warsaw, Faculty of Management, Warsaw
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.
Subjects: 
Corporate Philanthropy
Social Activity
Corporate Social Responsibility
Sustainability
Financial Institutions
Cooperative Bank
Financial Efficiency
JEL: 
A13
G41
M14
G21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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