publication . Article . 2015

Corporate Social Responsibility in the Banking Sector

Csaba Lentner; Krisztina Szegedi; Tibor Tatay;
Open Access
  • Published: 01 Jan 2015 Journal: Public Finance Quarterly, volume 60, issue 1, pages 95-103
As countries of the world used large amounts of public funds to manage the 2008 financial crisis, public debt has risen to a critical level in many of them. Due to the drop in real economy, several countries faced unemployment and economic fallback that are still unresolved to this day. After the crisis, many were concerned how to restore the confidence in financial institutions and how banks can better contribute to sustainable social and economic growth. This paper discusses corporate social responsibility (CSR), an attitude putting ethical norms in the spotlight. The CSR pyramid distinguishes various layers of responsibilities. The first at the bottom is econ...
free text keywords: corporate social responsibility, bank, public awareness, financial stability, business ethics, jel:M14, jel:E58, jel:E44, jel:G28
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