Correlation between the corporate social responsibility and financial perfomance of the bank in Ukrainian context

Abstract

This paper is aimed to make an attempt in finding correlation between CSR and financial performance on the example of the Ukrainian banking system. We have analyzed resident and non-resident banks which operate on Ukrainian market. The analysis was based on hypotheses proposed in the paper about correlation of CSR and CFP of the bank and separate indicators of the CSR such as the presence of independent directors, committees of the Board and code of conduct, expenditures on employees and some indexes of bank performance. Statistical analysis showed no clear link between CSR and CFP of the bank in general and between separate indicators of the CSR policy and efficiency of bank’s activity as well.В статті досліджується взаємозв'язок між КСВ та фінансовими результатами діяльності на прикладі української банківської системи. Аналізуються показники діяльності резидентних та нерезидентних банків, що оперують на території України.