Responsabilidad social y utilidad de los bancos peruanos que cotizan en la bolsa de valores
Social responsibility and profitability of Peruvian banks listed on the stock ExchangeContenido principal del artículo
El sector bancario peruano experimenta un crecimiento constante, a pesar de las fluctuaciones económicas. Con el aumento de la población bancarizada y la influencia de las aplicaciones digitales, las acciones de los bancos tienen un impacto significativo. Esta investigación analizó la responsabilidad social empresarial (RSE) y la rentabilidad de los bancos que cotizan en la Bolsa de Valores de Lima. Se empleó un muestreo censal de 15 bancos, cubriendo el período de 2013 a 2023. Los datos se obtuvieron de la Superintendencia del Mercado de Valores. Para el análisis, se utilizó regresión por mínimos cuadrados y descomposición del coeficiente de determinación. Los resultados indicaron la existencia de una regresión bien estructurada. Se encontró que el pago de impuestos y el pago puntual de dividendos son los factores más relevantes para explicar la rentabilidad, medida por el retorno sobre patrimonio y activos.
The Peruvian banking sector is experiencing sustained growth, notwithstanding economic fluctuations. With the increase in the banked population and the widespread influence of digital applications, the actions of banks have a significant impact. This research analyzed corporate social responsibility (CSR) and the profitability of banks listed on the Lima Stock Exchange. A census sampling approach was employed, encompassing 15 banks and covering the period from 2013 to 2023. Data was acquired from the Superintendency of Market Values (Superintendencia del Mercado de Valores). For the analysis, ordinary least squares (OLS) regression and decomposition of the coefficient of determination were utilized. The results indicated that the regression model was well-structured. It was found that tax payments and the timely payment of dividends are the most relevant factors explaining profitability, as measured by return on equity (ROE) and return on assets (ROA).
Detalles del artículo
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Cómo citar
Referencias
Ayu Asari, Nur Fitroten Dian Sari, y Hwihanus Hwihanus. (2024). The Impact Of Corporate Social Responsibility On Companies Financial Performance. International Journal of Economics, Commerce, and Management, 1(3), 154–164. https://doi.org/10.62951/ijecm.v1i3.105
Ayuningtyas, Z. R., Maryanti, E., Dewi, A. A., y Damayanti, D. (2024). Corporate Social Responsibility, Intellectual Capital and Leverage on Firm Value with Profitability as a Moderating Variable. American Journal of Economics and Business Management, 7(8), 339–352. https://doi.org/10.31150/ajebm.v7i8.2886
Banco Central de Reserva del Perú. (2020). Reporte de Estabilidad Financiera de Noviembre del 2020 (Número November).
Bucevska, V., y Hadji Misheva, B. (2017). The Determinants of Profitability in the Banking Industry: Empirical Research on Selected Balkan Countries. Eastern European Economics, 55, 1–22. https://doi.org/10.1080/00128775.2016.1260473
Casajus, A. (2009). The shapley value, the owen value, and the veil of ignorance. International Game Theory Review, 11(4), 453–457. https://doi.org/10.1142/S0219198909002431
Cho, S. J., Chung, C. Y., y Young, J. (2019). Study on the relationship between CSR and financial performance. Sustainability (Switzerland), 11(2), 1–26. https://doi.org/10.3390/su11020343
Chortareas, G. E., Garza-García, J. G., y Girardone, C. (2012). Competition, efficiency and interest rate margins in Latin American banking. International Review of Financial Analysis, 24, 93–103. https://doi.org/10.1016/j.irfa.2012.08.006
Fernández, J. L., y Bajo, A. (2012). La Teoría del Stakeholder o de los Grupos de Interés, pieza clave de la RSE, del éxito empresarial y de la sostenibilidad. Adresearch Esic International Journal of Communication Research, 6(6), 130–143. https://doi.org/10.7263/adr.rsc.006.07
Flammer, C. (2015). Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach. Management Science, 61(11), 2549–2568. https://doi.org/10.1287/mnsc.2014.2038
Gomes, R. C. (2006). Stakeholder management in the local government decision-making area: Evidence from a triangulation study with the English local government. BAR - Brazilian Administration Review, 3(1), 46–63. https://doi.org/10.1590/s1807-76922006000100005
Huettner, F., y Sunder, M. (2011). Working Paper, No. 100 Frank Hüttner / Marco Sunder Decomposing R2 with the Owen value Oktober 2011 Decomposing with the Owen value. En Working Paper (Número 100). http://www.marco-sunder.de/stata/rego.html
Huy, D. T. N., Dat, P. M., y Anh, P. T. (2020). Building an econometric model of selected factors’ impact on stock price: A case study. Journal of Security & Sustainability Issues, 9(M), 77–93. https://doi.org/10.9770/jssi.2020.9.M(7)
Jiménez-Sotelo, R. (2024). Dollarization and its Effects on the Soundness of the Peruvian Financial System (La Dolarización y sus Efectos sobre la Solidez del Sistema Financiero Peruano). SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4557366
Lee, S., y Jung, H. (2016). The effects of corporate social responsibility on profitability. Management Decision, 54(6), 1383–1406. https://doi.org/10.1108/MD-07-2015-0268
Lopez, D. (2024). Comportamiento Competitivo Y Eficiente Del Sistema Bancario Peruano Y El Impacto De Las Fintech [Universidad del Pacífico]. https://repositorio.up.edu.pe/bitstream/handle/11354/4279/Lopez%2C Daniela_Trabajo de suficiencia profesional_Finanzas_2024.pdf? sequence=1
Machuca, J. A. (2022). Perspectivas en la aplicación del derecho de compensación en el sistema financiero peruano. Revista de la Facultad de Derecho y Ciencias Políticas, 52(137), 611–627. https://doi.org/10.18566/rfdcp.v52n137.a12
Mandal, P. C. (2024). Balancing Corporate Social Responsibility and Corporate Profitability. 53–74. https://doi.org/10.4018/979-8-3693-3948-0.ch003
Maome, I., y Zondo, R. (2024). The Impact of Corporate Social Responsibility on Financial Performance in a Selected Medium-Sized Clothing Manufacturing Organization in South Africa. African Journal of Inter/Multidisciplinary Studies, 6(1), 1–11. https://doi.org/10.51415/ajims.v6i1.1294
Maudos, J., y Fernandez de Guevara, J. (2004). Factors explaining the interest margin in the banking sectors of the European Union. Journal of Banking & Finance, 28(9), 2259–2281. https://econpapers.repec.org/RePEc:eee:jbfina:v:28:y:2004:i:9:p:2259-2281
Mester, L. J., y Berger, A. N. (2005). Explaining The Dramatic Changes In Performance Of U.S. Banks: Technological Change, Deregulation, And Dynamic Changes In Competition. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.283013
Muminović, S., y Barać, Ž. A. (2015). Utječe li produktivnost na profitabilnost poduzeća u industriji prerade mlijeka? Iskustva Slovenije, Hrvatske i Srbije. Mljekarstvo, 65(4), 269–279. https://doi.org/10.15567/mljekarstvo.2015.0407
Neitzert, F., y Petras, M. (2022). Corporate social responsibility and bank risk. En Journal of Business Economics (Vol. 92, Número 3). Springer Berlin Heidelberg. https://doi.org/10.1007/s11573-021-01069-2
Porter, M. (2015). Estrategia Competitiva: Técnicas para el análisis de los sectores industriales y de la competencia (Primera). Grupo Editorial Patria.
Porter, M. E., y Kramer, M. R. (2011). Creating shared value. Harvard Business Review, 89(1–2). https://doi.org/10.4337/9781800880344.ch11
Quispe, J. C., Flores, G. A., Velásquez, W. L., Quispe, C. N., Choque, D. S., y Huarcaya, E. R. (2022). Efecto del riesgo de liquidez en el costo de financiamiento del sistema financiero: un análisis para el caso peruano, periodo 2015-2020. Religación. Revista de Ciencias Sociales y Humanidades, 7(31), e210888. https://doi.org/10.46652/rgn.v7i31.888
Raza, A., Rather, R. A., Iqbal, M. K., y Bhutta, U. S. (2020). An assessment of corporate social responsibility on customer company identification and loyalty in banking industry: a PLS-SEM analysis. Management Research Review, 43(11), 1337–1370. https://doi.org/10.1108/MRR-08-2019-0341
Rehan, M., Khan, M. I., y Khan, M. K. (2018). Effect of Corporate Social Responsibility on Profitability of Banks. European Academic Research, 6(7), 3763–3782.
Serrano, R. (2007). Cooperative Games: Core and Shapley Value. CEMFI Working Paper, 2007(0709), 1–22.
Sociedad de Mercado y Valores. (2019). Sistema Financiero Peruano.
Superintendencia de Banca Seguros y AFP. (2024). Sistema Financiero Peruano.
Szegedi, K., Khan, Y., y Lentner, C. (2020). Corporate Social Responsibility and Financial Performance: Evidence from Pakistani Listed Banks. Sustainability, 12(10), 4080. https://doi.org/10.3390/su12104080
Wooldrige, J. (2010). Econometric Analysus of Cross Sectin and Panel Data (Second). The MIT Press.
Yancari, J., Mamani, Á., y Salgado, L. (2022). Tamaño de empresa y acceso al crédito a través del sistema financiero en Perú. Quipukamayoc, 30(62), 9–21. https://doi.org/10.15381/quipu.v30i62.22866
Yeyati, E. L., y Micco, A. (2007). Concentration and foreign penetration in Latin American banking sectors: Impact on competition and risk. Journal of Banking & Finance, 31(6), 1633–1647.