Not logged in.
Quick Search - Contribution
|Title||Corporate Social Responsibility of Fionancial Institutions and the Political Performance of Green Parties|
|Institution||University of Zurich|
|Faculty||Faculty of Business, Economics and Informatics|
|Abstract Text||This paper analyses the correlation between electoral results of green parties and corporate social responsibility (CSR) efforts of a predetermined set of banks. Using sustainability- and annual reports of banks over the years 2010 to 2020 the CSR efforts are quantified. Election data is, if possible, collected from official institutions, considering the same time period. Otherwise, different sources are consulted to obtain the required information. To reach a conclusion regarding the correlation, descriptive statistics are applied to relate the banks’ CSR efforts and the green parties’ electoral performance. This paper provides evidence that the efforts banks take with regards to CSR are independent of the performance of green parties. The result suggests that the political advancement of green parties does not have a direct effect on the banks’ commitment to CSR-related topics.|