Foreign Direct Investment In The Banking Sector In New EU Member States: Social Responsibility Of Banks

Janina Witkowska

doi:10.2478/cer-2013-0025

Authors

Janina Witkowska University of Łódź, Faculty of Economics and Sociology, Department of World Economy and European Integration

DOI:

https://doi.org/10.2478/cer-2013-0025

Keywords:

Foreign direct investment, banking sector, social responsibility, the New EU Member States

Abstract

This paper discusses the performance and strategies of banks with foreign participation in the new EU Member States and their attitudes towards socalled ‘socially responsible finance’. The banking sector in the analyzed countries (Czech Republic, Poland and Slovakia) is dominated by foreign capital. The global financial crisis caused a decrease in new annual FDI inflows into the financial intermediation and banking sector of these countries. Some disinvestment occurred in Slovakia and Poland. The foreign-owned banks already operating in the analyzed countries undertook some organizational and financial adjustments to the global economic crisis that allowed them to secure their own position in recipient countries. They are involved in socially responsible activities in the field of culture, sport, environmental protection etc. As trust-based financial institutions. they also showed a kind of responsibility in the field of finance when the crisis occurred.

Downloads

Download data is not yet available.

References

Baker H.K., Nofsinger J. (2012), Socially Responsible Finance and Investing: An Overview, [in:] Baker H.K., Nofsinger J., J. Willey (eds.) Socially Responsible Finance and Investing: Financial Institutions, Corporations, Investors, and Activists
Google Scholar

Banki mogą transferować zyski za granicę, KNF będzie czuwał, http://biznes.gazetaprawna.pl/artykuly/90356,banki_moga_transferowac_zyski_za_
Google Scholar

Dywidenda, Bank Pekao, Informacja dla inwestorów, http://www.pekao.com.pl/print/?r.main,docId=3007&r,printComparison_r%2C
Google Scholar

Historia banku Pekao SA, http://www.pekao.com.pl/print/?r.main,docId=18162&r; Raport 55/2008, http://www.pekao.com.pl/informacje_dla_inwestorów/raporty/?r,main,reportId=6853;
Google Scholar

Jaworski W .L. (2000), Banki i system bankowy, [in:] W. L. Jaworski, Z. Krzyżkiewicz,
Google Scholar

B. Kosińsk (eds), Banki. Rynek, operacje, polityka, Poltext, Warszawa
Google Scholar

Łukasiewicz-Kamińska A. (2011), Społeczna odpowiedzialność przedsiębiorstwa finansowego, Difin, Warszawa
Google Scholar

KNF (2009), Raport o sytuacji banków w 2008 roku, Urząd Komisji Nadzoru Finansowego, Warszawa
Google Scholar

NBP (2013), Podstawowe stopy procentowe NBP w latach 1998-2013, http://www.nbp.pl/print.aspx?f=%2fdzienne%2fstopy_archiwum.htm
Google Scholar

OECD (2013), OECD International DI Statistics 2013, OECD Publishing. doi: 10.1787/idis-2014 en Społeczne zaangażowanie banku, http://www.pekao.com.pl/print/?r.main,docId=18162&r=8256&r
Google Scholar

Thorne A. (1993), Eastern Europe’s Experience with Banking Reform: Is there a Role for Banks in the Transition, The World Bank, Washington
Google Scholar

UNCTAD (1999), World Investment Report 1999. Foreign Direct Investment and the Challenge of Development, UN, New York and Geneva
Google Scholar

UNCTAD (1999a), Foreign Direct Investment and Development, UN, New York and Geneva
Google Scholar

Witkowska J. (1996), Bezpośrednie inwestycje zagraniczne w Europie Środkowowschodniej. Próba interpretacji na gruncie teorii bezpośrednich inwestycji zagranicznych i teorii integracji (Foreign direct investment in Central and Eastern Europe. A proposed interpretation based on the theories of Foreign Direct Investment and Integration), Wydawnictwo UŁ, Łódź
Google Scholar