Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks
This paper discusses the performance and strategies of banks with foreign participation in the new EU Member States and their attitudes towards socalled ‘socially responsible finance’. The banking sector in the analyzed countries (Czech Republic, Poland and Slovakia) is dominated by foreign capital....
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Lodz University Press
2013-12-01
|
| Series: | Comparative Economic Research |
| Subjects: | |
| Online Access: | https://czasopisma.uni.lodz.pl/CER/article/view/6906 |
| _version_ | 1819034690933227520 |
|---|---|
| author | Janina Witkowska |
| author_facet | Janina Witkowska |
| author_sort | Janina Witkowska |
| collection | DOAJ |
| description | This paper discusses the performance and strategies of banks with foreign participation in the new EU Member States and their attitudes towards socalled ‘socially responsible finance’. The banking sector in the analyzed countries (Czech Republic, Poland and Slovakia) is dominated by foreign capital. The global financial crisis caused a decrease in new annual FDI inflows into the financial intermediation and banking sector of these countries. Some disinvestment occurred in Slovakia and Poland. The foreign-owned banks already operating in the analyzed countries undertook some organizational and financial adjustments to the global economic crisis that allowed them to secure their own position in recipient countries. They are involved in socially responsible activities in the field of culture, sport, environmental protection etc. As trust-based financial institutions. they also showed a kind of responsibility in the field of finance when the crisis occurred. |
| first_indexed | 2024-12-21T07:37:45Z |
| format | Article |
| id | doaj.art-bbf3c46aebe4419093799e817bfb0128 |
| institution | Directory Open Access Journal |
| issn | 1508-2008 2082-6737 |
| language | English |
| last_indexed | 2024-12-21T07:37:45Z |
| publishDate | 2013-12-01 |
| publisher | Lodz University Press |
| record_format | Article |
| series | Comparative Economic Research |
| spelling | doaj.art-bbf3c46aebe4419093799e817bfb01282022-12-21T19:11:25ZengLodz University PressComparative Economic Research1508-20082082-67372013-12-0116472110.2478/cer-2013-00256906Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of BanksJanina Witkowska0University of Łódź, Faculty of Economics and Sociology, Department of World Economy and European IntegrationThis paper discusses the performance and strategies of banks with foreign participation in the new EU Member States and their attitudes towards socalled ‘socially responsible finance’. The banking sector in the analyzed countries (Czech Republic, Poland and Slovakia) is dominated by foreign capital. The global financial crisis caused a decrease in new annual FDI inflows into the financial intermediation and banking sector of these countries. Some disinvestment occurred in Slovakia and Poland. The foreign-owned banks already operating in the analyzed countries undertook some organizational and financial adjustments to the global economic crisis that allowed them to secure their own position in recipient countries. They are involved in socially responsible activities in the field of culture, sport, environmental protection etc. As trust-based financial institutions. they also showed a kind of responsibility in the field of finance when the crisis occurred.https://czasopisma.uni.lodz.pl/CER/article/view/6906foreign direct investmentbanking sectorsocial responsibilitythe new eu member states |
| spellingShingle | Janina Witkowska Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks Comparative Economic Research foreign direct investment banking sector social responsibility the new eu member states |
| title | Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks |
| title_full | Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks |
| title_fullStr | Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks |
| title_full_unstemmed | Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks |
| title_short | Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks |
| title_sort | foreign direct investment in the banking sector in new eu member states social responsibility of banks |
| topic | foreign direct investment banking sector social responsibility the new eu member states |
| url | https://czasopisma.uni.lodz.pl/CER/article/view/6906 |
| work_keys_str_mv | AT janinawitkowska foreigndirectinvestmentinthebankingsectorinneweumemberstatessocialresponsibilityofbanks |