Corporate Social Responsibility Index for Ukrainian Banks: The Essentials for Implementation

12 Pages Posted: 23 Dec 2014

See all articles by Alexander Kostyuk

Alexander Kostyuk

National Bank of Ukraine - Ukrainian Academy of Banking of the National Bank of Ukraine

Helen Kostyuk

National Bank of Ukraine - Ukrainian Academy of Banking of the National Bank of Ukraine

Yaroslav Mozghovyi

Virtus Global Center for Corporate Governance

Yana Kravchenko

Hanken School of Economics

Date Written: June 23, 2013

Abstract

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.

Keywords: Corporate Social Responsibility, CSR performance measurement, Index, Banks, Ukraine, Sweden

Suggested Citation

Kostyuk, Alexander and Kostyuk, Helen and Mozghovyi, Yaroslav and Kravchenko, Yana, Corporate Social Responsibility Index for Ukrainian Banks: The Essentials for Implementation (June 23, 2013). Available at SSRN: https://ssrn.com/abstract=2542097 or http://dx.doi.org/10.2139/ssrn.2542097

Alexander Kostyuk (Contact Author)

National Bank of Ukraine - Ukrainian Academy of Banking of the National Bank of Ukraine ( email )

57, Petropavlivska str.
Sumy, 40030
Ukraine

Helen Kostyuk

National Bank of Ukraine - Ukrainian Academy of Banking of the National Bank of Ukraine ( email )

57, Petropavlivska str.
Sumy, 40030
Ukraine

Yaroslav Mozghovyi

Virtus Global Center for Corporate Governance ( email )

Postal Box 136
Sumy, 40000
Ukraine

Yana Kravchenko

Hanken School of Economics ( email )

PB 287
Helsinki, Vaasa 65101
Finland

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