{"id":17244,"date":"2022-04-20T17:44:32","date_gmt":"2022-04-20T14:44:32","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=17244"},"modified":"2022-05-11T21:15:10","modified_gmt":"2022-05-11T18:15:10","slug":"corporate-social-responsibility-in-banking","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/corporate-social-responsibility-in-banking\/","title":{"rendered":"Lunkina T., Burkovskaya A., Burkovska A., Gannichenko T. Corporate social responsibility in banking institutions: foreign experience"},"content":{"rendered":"

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JEL Classification<\/strong>: G21; \u041c14
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V31(2022)-11<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Lunkina Tetiana, <\/strong>Doctor of Economics, Associate Professor, Mykolayiv National Agrarian University, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0001-7252-3239<\/a>
\ne-mail:<\/strong> lunkina_tanya@i.ua<\/span><\/a><\/p>\n

Burkovskaya Alla, <\/strong>Candidate of Economic Sciences, Associate Professor, Mykolayiv National Agrarian University, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0003-4158-1721<\/a>
\ne-mail:<\/strong> burkovskaya@gmail.com<\/span><\/a><\/p>\n

Burkovska Anna, <\/strong>assistant of the department of management and marketing, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0003-0563-6967<\/a>
\ne-mail:<\/strong> anna.burkovskaya12@gmail.com<\/span><\/a><\/p>\n

Tetiana Gannichenko, <\/strong>PhD in Pedagogy, Associate professor, Department of Foreign Languages, Mykolayiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0001-7597-6946<\/a>
\ne-mail:<\/strong> tetianagann@gmail.com<\/span><\/a><\/p>\n

<\/h2>\n

Corporate social responsibility in banking institutions: foreign experience<\/strong><\/h2>\n

Abstract. Introduction<\/strong>. The study examines the development of corporate social responsibility in banking institutions around the world. It is established that the foreign experience of corporate social responsibility is diverse, as it is related to the historical conditions of development and the peculiarities of the country’s mentality.<\/p>\n

It has been found that in continental European countries, the concept of CSR has been more widely interpreted in the relationship between society and business; the American model of social responsibility implies greater independence of corporations; in continental Europe, there is a hidden form of corporate social responsibility; The Chinese model of corporate social responsibility is a hybrid of continental and American models; the Japanese model of corporate social responsibility is focused on the internal environment of the city’s enterprise and assumes that the company has a solidary reputation.<\/p>\n

The analysis of the directions of development of corporate social responsibility of foreign banking institutions is carried out. As for Ukraine, the most common areas of CSR, including in the banking sector, are: conscientious payment of taxes, compliance with the law, charity. While enterprises of foreign origin, in addition to the above aspects, also see compliance with civil society, care for the environment, care for employees and more.It is proved that all these models of corporate social responsibility describe a different conceptual understanding of the goals of the organization, its society, the relationship of the organization with its internal and external environment. Based on this understanding, the organization can use various tools of corporate social responsibility to achieve its strategic goals.<\/p>\n

Keywords:<\/strong> corporate social responsibility; banking institutions; social entrepreneurship; models of corporate social responsibility; Sustainable development goals.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Dzyublyk, O., & Stechyshyn, T. Social responsibility of the banking system: theoretical and practical aspect : http:\/\/dspace.wunu.edu.ua\/bitstream\/316497\/3606\/1.pdf\u00a0 [in Ukrainian].<\/li>\n
  2. Moz\u00b7hovyy, Y. A. Models of corporate social responsibility in banks. Retrieved from : http: \/\/www.economy.nayka.com.ua [in Ukrainian].<\/li>\n
  3. Primostka, O. O., & Zakharchuk, A. A. (2016). Corporate social responsibility of banks. Efektyvna ekonomika. 7. Retrieved from : http:\/\/www.economy.nayka.com.ua\/?op=1&z=5063 [in Ukrainian].<\/li>\n
  4. Lockett, A., Moon, J., & Visser, W. (2006). Corporate social responsibility in management research : Focus, nature, salience and sources of influence. Journal of management studies. 115-136 [in English].<\/li>\n
  5. McWilliams, A. & Siegel, D. (2000). Corporate social responsibility and financial performance : Correlation or misspecification? Strategic Management Journal<\/em>, 21 (5). 603-609 [in English].<\/li>\n
  6. Saichenko, O. A. (2013). Some questions of the theory of development of corporate social responsibility. Audyt y fynansovyy analyz<\/em>. 2.\u00a0 \u0421. 350-353 [in Russ.].<\/li>\n
  7. Sirenko, N. M., Lunkina, T. I., & Burkovskaya, A. V. (2021). Social responsibility : navch. posib. Mykolayiv. MNAU. 216. Retrieved from : https:\/\/dspace.mnau.edu.ua\/jspui\/handle\/123456789\/9758 [in Ukrainian].<\/li>\n
  8. PrivatBank opens the first corporate university in Ukraine. Retrieved from : http:\/\/www.shkolahrm.ua\/news\/ [in Ukrainian].<\/li>\n
  9. Unconditional deposit guarantee and social responsibility of PrivatBank are just facts. Retrieved from : https:\/\/zik.ua\/news\/2015\/03\/02\/ [in Ukrainian].<\/li>\n
  10. Sustainable Development Goals: Ukraine: National Report. Ministry of Economic Development and Trade of Ukraine (2017). Retrieved from :\u00a0 http:\/\/un.org.ua\/images [in Ukrainian].<\/li>\n
  11. UNDP Sustainable Development Goals in Ukraine. Retrieved from : https:\/\/www.ua.undp.org\/content\/ukraine\/uk\/home\/sustainable-development-goals.html [in Ukrainian].<\/li>\n
  12. Oliynyk, L. (2019). Development of corporate social responsibility in the banking sector of Ukraine. Finansy, oblik, banky<\/em>.\u00a01. 57-67.<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 08 January 2022<\/p>\n

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    Lunkina T., Burkovskaya A., Burkovska A., Gannichenko T. (2022). Corporate social responsibility in banking institutions: foreign experience. Modern Economics, 31(2022), 77-81. DOI: https:\/\/doi.org\/10.31521\/modecon.V31(2022)-11.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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    [vc_row][vc_column][vc_column_text] JEL Classification: G21; \u041c14 DOI: https:\/\/doi.org\/10.31521\/modecon.V31(2022)-11 [\/vc_column_text][vc_column_text] Lunkina Tetiana, Doctor of Economics, Associate Professor, Mykolayiv National Agrarian University, Ukraine ORCID ID: 0000-0001-7252-3239 e-mail: lunkina_tanya@i.ua Burkovskaya Alla, Candidate of Economic Sciences, Associate Professor, Mykolayiv National Agrarian University, Ukraine ORCID ID: 0000-0003-4158-1721 e-mail: burkovskaya@gmail.com Burkovska Anna, assistant of the department of management and marketing, Mykolayiv National
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