Social and Behavioral Sciences Commons^™

Corporate Philanthropy In Shaping The Financial Efficiency Of Cooperative Banks In Poland – Empirical Research, Marta Idasz-Balina, Rafał Balina, Adam Zając, Krzysztof Smoleń

Journal of Banking and Financial Economics

The aim of the study is to establish and analyze the relationship between expenditure on corporate philanthropy and fi nancial performance of cooperative banks in Poland. The study covered 70 cooperative banks, where the level of expenditure on social activities was above the average in the sector. The research was carried out using the Generalized Method of Moments for the years 2013–2020. Studies have shown positive importance of corporate philanthropy in shaping fi nancial effi ciency. The research also indicated a signifi cant shift in the time between spending on social activities and the fi nancial results obtained. The obtained …