CORPORATE SOCIAL RESPONSIBILITY - THE ROMANIAN BANKING SECTOR PERSPECTIVE

Although there has been made considerable progress in the corporate social responsibility (CSR) field in Romania, there are limited research papers presenting the CSR dynamics in the banking system. One of the main objectives of this paper is to highlight the CSR particularities for two of the most...

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Bibliographic Details
Main Authors: Georgiana-Loredana FRECEA, Constantin SCHIPOR
Format: Article
Language:fra
Published: Romanian Foundation for Business Intelligence 2017-12-01
Series:Management Intercultural
Subjects:
Online Access: http://seaopenresearch.eu/Journals/articles/MI_39_3.pdf
Description
Summary:Although there has been made considerable progress in the corporate social responsibility (CSR) field in Romania, there are limited research papers presenting the CSR dynamics in the banking system. One of the main objectives of this paper is to highlight the CSR particularities for two of the most important banks operating on the local market: The Romanian Commercial Bank and BRD – Groupe Société Générale. This approach will outline the significant relationships in the CSR development, building on the dominant CSR themes and focusing on both similarities and differences in order to select the appropriate CSR practical framework. The results of this paper reveal a competitive context in the Romanian banking sector for the CSR initiatives, the influence of the marketing forces and particular CSR measures to rebuild banking trust. The CSR commitment of the banks address societal needs through the employee volunteering, as a new form of competitive advantage, becoming a strategic point in the reputational and financial performance.
ISSN:1454-9980