Corporate Philanthropy in Shaping the Financial Efficiency of Cooperative Banks in Poland – Empirical Research
Corporate Philanthropy in Shaping the Financial Efficiency of Cooperative Banks in Poland – Empirical Research

Summary/Abstract: The aim of the study is to establish and analyze the relationship between expenditure on corporatephilanthropy and fi nancial performance of cooperative banks in Poland. The study covered70 cooperative banks, where the level of expenditure on social activities was above the averagein the sector. The research was carried out using the Generalized Method of Moments for theyears 2013–2020. Studies have shown positive importance of corporate philanthropy in shapingfi nancial effi ciency. The research also indicated a signifi cant shift in the time between spendingon social activities and the fi nancial results obtained. The obtained results indicate an area that hasnot been thoroughly analyzed: the impact of spending on social activities in the context of shapingthe fi nancial effi ciency considering time shifts. This knowledge may result in more intentionalcreation of the effi ciency policy by management, considering corporate philanthropy, CorporateSocial Responsibility, or the introduction of appropriate regulatory changes for the assessment offi nancial institutions by responsible entities.

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