Service Business

, Volume 11, Issue 3, pp 517–542 | Cite as

Corporate social responsibility and bank risk profile: evidence from Europe

  • Nicolás Gambetta
  • María Antonia García-Benau
  • Ana Zorio-Grima
Empirical article


This study analyzes the impact of risk profile on sustainability reporting and its quality in European banks. Financial institutions (FI) play a social role in the financial inclusion process and incorporate environmental considerations into credit risk assessment, making corporate social responsibility (CSR)-related issues vital for risk management systems. FI with lower capital risk, higher liquidity risk, higher profitability in banking, and higher sensitivity to market risk tend to issue CSR reports. The findings suggest that FI with lower profitability in banking disclose higher quality CSR financial services sector (FSS)-specific information, whereas FI not submitting CSR reports for external assurance or having their CSR reports assured by certain auditors issue lower quality CSR/FSS-specific information.


Banking Risk profile Corporate social responsibility Financial inclusion 



The authors gratefully acknowledge financial support from the University of Valencia (Ref. UV-INV-AE15-332959).


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Copyright information

© Springer-Verlag Berlin Heidelberg 2016

Authors and Affiliations

  • Nicolás Gambetta
    • 1
  • María Antonia García-Benau
    • 2
  • Ana Zorio-Grima
    • 2
  1. 1.Universidad ORT UruguayMontevideoUruguay
  2. 2.Universitat de ValènciaValenciaSpain

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