Majandusteaduskonna teadusseminar "Banks’ CSR disclosures – headquarters versus subsidiaries" 13. novembril
“Seminar of the Department of Finance and Economics”, Wednesday 13 November, 16:00-17:00 in room SOC-413: Laivi Laidroo, TSEBA, will present her recent paper (co-author Urmas Ööbik): Banks’ CSR disclosures – headquarters versus subsidiaries
Abstract: This paper investigates how the 2008 financial crisis is reflected in the CSR disclosure quantity and readability of banks’ headquarters and subsidiaries, and how banks’ disclosure patterns differ across these units. An embedded multiple case study approach utilising quantitative content analysis and readability indices is employed on 13 banks: three Nordic banks’ headquarters as well as their three Baltic subsidiaries/branches and one locally owned bank headquarter. As expected, Nordic banks’ headquarters’ disclosure quantity and readability outperforms those of their Baltic subsidiaries/branches. However, no convergence of intra-group CSR disclosure practices is detected. The financial crisis has been most extensively reflected in SEB’s disclosures with inconclusive results reported for other investigated banks. Banks’ response to the legitimacy gap seems to depend on CSR reporting strategy: passive superficial (Baltic subsidiaries/branches, ABLV), passive thorough (Swedbank), intermediate (Danske Bank) and active (SEB). Passive and intermediate strategy pursuers’ CSR disclosure quantity and readability remains stable during the financial crisis period. However, active strategy pursuers increase disclosure quantity and reduce readability indicating possible stakeholder manipulation attempts. Both intermediate and active strategy pursuers disclose in greater detail steps taken to improve CSR behaviour.
The seminar is held in English. Copies of the paper will be available at the seminar.
Everyone is welcome. Please feel free to share this invitation!
Questions regarding the seminar can be addressed to Liis Saks, liis dot saks at ttu dot ee liis dot saks at ttu dot ee liis dot saks at ttu dot ee