A Contingent Resource-Based Perspective on Corporate Social Responsibility and Competitive Advantage: A Focus on Transition Countries

Although many studies investigate the relationship between corporate social responsibility (CSR) and performance, they mainly explore the U.S. and Western developed countries and ignore other emerging economies and transition countries. However, the Contingent Resource-Based View (Contingent RBV) argues that the CSR-performance link varies across different business environments. Due to the absence of relevant research, little is known about the underlying mechanisms associated with the CSR-performance nexus in transition countries. Thus, the aim of this research is to investigate the moderating role of the business environment, namely dynamism, on the CSR-performance relationship in the banking sector of 21 transition countries for the period 2002 to 2014. We specifically chose the period of 2002-2014 as this best captured a mix of turbulent and stable transition countries. This study applied system GMM while exploring an unbalanced panel sample for 319 commercial banks and considering the dynamic nature of bank performance. Moreover, this approach allowed us to control the endogeneity problems successfully. The findings indicated that the direct association between CSR and performance was negative, but the opposite was confirmed when the link was moderated by Dynamism. Specifically, system GMM showed that Total CSR, Community involvement and Environment had a positive association with banks’ competitive advantage in a dynamic context. This study concluded by highlighting the theoretical and managerial implications

Financial market development, global financial crisis and economic growth : evidence from developing nations

Emerging and frontier markets in Africa have witnessed various economic and financial reforms aimed at integrating the domestic markets into the global financial market to attract investment. Whether these reforms promote high economic growth remains inconclusive. The paper applies the pooled mean group estimation technique to empirically re-investigate the link between financial market development, global financial crisis, and economic growth in selected African economies. The results strongly support our hypotheses that stock market and banking sector development promotes economic growth in the selected countries. Moreover, financial crisis reduce the positive effects of both the stock market and banking sector developments on economic growth. The study suggests that both the banking sector and stock market are important to deliver the long-run economic growth that the African region desired. Moreover, effort should be made to enact policy measures that would ensure development of the stock market which has received inadequate attention.info:eu-repo/semantics/publishedVersio

Financial development and growth in transition countries: A study of central Asia

Central Asian countries are examined pre- and postindependence to identify the impact of economic and financial development policies. The theoretical background to financial flows and the relation between the development of the financial system and economic growth in transition economies is analyzed using regression, correlation and Granger causality. Data from twenty-seven transition economies in eastern Europe and the former Soviet republics for 1992 to 2008 are used. The results indicate that the transition reform indicator of the European Bank for Reconstruction and Development appears to have a negative growth impact, and the results for the indicator of credit to the private sector show no significant effect on growth. Moreover, the difference between lending and borrowing rates appears to have a negative growth impact, as expected. Copyright © 2012 M.E. Sharpe, Inc. All rights reserved

Employment of the Population by Professional Groups

The article provides recommendations on the need for employees and their satisfaction

CSR of banks in Poland

The financial services sector is viewed as a central pillar of modern capitalist economies. Banks - the main actors in the financial sector - play a fundamental role in determining the stability of financial markets and sustainability of modern economies. However, banks are involved in a profession that since medieval times has been held in contempt because of usury. Banks make a part of a very sensitive business activities: they trade money which represents other people's security and well-being. The results of banks' actions may influence many areas of our life both in micro and macro perspective. After the financial crises of 2008 banks have lost their credibility in the eyes of their clients and financial investors. Social responsibility concept has been found to be a way for banks to earn back their credibility and rebuilding of trust. The aim of this chapter is to underline the theoretical importance of banks' engagement in the CSR activities and the practices regarding banks CSR involvement in Poland