Open AccessCorporate social responsibility index for Ukrainian banks: The essentials for implementation
Author(s) -
Alexander Kostyuk,
Olena Kostyuk,
Yaroslav Mozghovyi,
Yana Kravchenko
Publication year - 2013
Publication title -
corporate ownership and control
Language(s) - English
Resource type - Journals
eISSN - 1810-0368
pISSN - 1727-9232
DOI - 10.22495/cocv10i4c4art6
Subject(s) - ukrainian , corporate social responsibility , index (typography) , business , accounting , social responsibility , public relations , political science , computer science , philosophy , linguistics , world wide web
The aim of this paper is to solve the problem of CSR performance measurement for Ukrainian banking institutions by developing a CSR index. It is done by measuring a corporate social responsibility (CSR) through 25 different indicators for 40 Ukrainian banks, which represent 80% of total banking system assets. This paper is a first attempt in Ukrainian practice to put CSR indicators into a standard metrics and develop specific methodology that would allow comparing CSR for different banks. To check the adequacy of our preliminary findings we compare CSR results for Ukrainian banks with CSR results for Swedish banks, where the level of CSR is definitely higher, since it is a socially directed developed economy. After that the weights of CSR index for Swedish banks counted by our methodology was compared to different professionally made indexes.