Pré-Publication, Document De Travail Année : 2025

Legal Origins and Corporate Social Responsibility (CSR) in Banking

Résumé

We investigate whether and how a country's legal origins influence bank engagement in CSR. Using data from 40 countries, we find that banks in civil law countries are more involved in CSR than those in common law countries. Governments in civil law countries enforce strict regulations prompting banks to adopt CSR to achieve broader societal and environmental goals than solely prioritizing the interests of shareholders. Channel analyses show that legal origins shape CSR through key mechanisms, including strong stakeholder protection, rigorous regulatory oversight, and effective bank-level compliance.

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hal-04993578 , version 1 (17-03-2025)

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  • HAL Id : hal-04993578 , version 1

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Mohammad Bitar, Aristeidis Dadoukis, Amine Tarazi. Legal Origins and Corporate Social Responsibility (CSR) in Banking. 2025. ⟨hal-04993578⟩

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