Purpose

This study examines the factors which affect the adoption of corporate social responsibility (CSR) disclosure practices in line with Global Reporting Initiative (GRI) guidelines in Brazil's banking industry.

Design/methodology/approach

The analysis comprised the deposits (demand and savings), fee income, employee expenses, regulatory capital (Basel ratio) and ownership structure of all Brazilian banks from 2006 to 2017. The sample totalled 1,613 firm-year observations. The authors used three binary regression models (logit, probit and complementary log-log) in order to choose the one that best fits the model proposed. The authors controlled for size, profitability, leverage and liquidity.

Findings

The main results show positive relationships between CSR reporting and both savings deposits and fee income. The authors also found that state-owned (foreign private-owned) banks have a positive (negative) relationship with probability of CSR disclosure. A negative relationship was found between CSR disclosure and regulatory capital, indicating that banks are more likely to publish GRI reports as they approach the minimum levels of the Basel ratio.

Research limitations/implications

Some banks may disclose CSR reports which do not adhere to the GRI guidelines; these were not captured in this study.

Practical implications

The estimated model aids understanding of factors influencing CSR disclosure in the banking industry in an emerging economy, which may help bank regulators to adopt new approaches in their supervisory and regulatory roles.

Originality/value

This work is the first to document that both fee income and banks' regulatory capital are related to CSR disclosure. Furthermore, this study investigates the entire banking industry of a Latin American country over the longest and most up-to-date period the authors are aware of.

中文翻译：

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新兴经济体中企业社会责任披露的前因：来自银行业的证据

目的

本研究根据巴西银行业的全球报告倡议组织 (GRI) 指南，研究影响采用企业社会责任 (CSR) 披露做法的因素。

设计/方法/方法

该分析包括 2006 年至 2017 年所有巴西银行的存款（活期存款和储蓄）、费用收入、员工支出、监管资本（巴塞尔比率）和所有权结构。样本总计 1,613 个公司年度观察值。作者使用了三种二元回归模型（logit、probit 和互补 log-log）来选择最适合所提出模型的一种。作者控制了规模、盈利能力、杠杆和流动性。

发现

主要结果表明企业社会责任报告与储蓄存款和手续费收入之间存在正相关关系。作者还发现，国有（外资民营）银行与企业社会责任披露概率呈正（负）相关。发现企业社会责任披露与监管资本之间存在负相关关系，表明银行在接近巴塞尔比率的最低水平时更有可能发布 GRI 报告。

研究限制/影响

一些银行可能会披露不符合 GRI 指南的 CSR 报告；这些没有在本研究中得到体现。

实际影响

该估计模型有助于理解影响新兴经济体银行业企业社会责任披露的因素，这可能有助于银行监管机构在其监管和监管角色中采用新方法。

原创性/价值

这项工作首次证明了手续费收入和银行监管资本都与企业社会责任披露有关。此外，本研究调查了作者所知道的最长和最新时期内一个拉丁美洲国家的整个银行业。