Study of the Practices Related to Corporate Social Responsibility Disclosures of Banks in the Republic of Bulgaria
Study of the Practices Related to Corporate Social Responsibility Disclosures of Banks in the Republic of Bulgaria

Author(s): Diana Papradanova
Subject(s): Economy, Business Economy / Management, Financial Markets, Business Ethics, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: corporate social responsibility; sustainable development; banking institutions; non-financial disclosure; activity report
Summary/Abstract: The pivotal role and function of banks in the economic landscape requires that these institutions be reliable and trustworthy business partners in their relationships with counterparties across various sectors of the economy. At the same time, they must remain attuned to the processes of societal development on both national and international levels. The concept of corporate social responsibility reflects the sustainable development and engagement of enterprises with the challenges and overall progress of society. The aim of this study is to investigate the practices of banks in the Republic of Bulgaria related to the approaches for disclosing information concerning corporate social responsibility. To achieve this objective, the authors have examined the existing literature and analysed the practices associated with the disclosure of corporate social responsibility information in banks' reports. In order to ensure a comprehensive analysis of the information, a correlation was established between the analysis results and the categorization of banks based on the volume of their assets according to the classification of the Bulgarian National Bank. The research resulted in an assessment of the existing disclosure approaches and formulation of specific recommendations for their enhancement to improve the quality of the information provided.

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