The Impact of Corporate Social Responsibility (CSR) in the Financial Performance of Peruvian Banks in the Period 2009-2018

The goal of the present research was to analyze how the implementation of CSR policies in Peruvian banks which were, during the analysis period of this research, especially aimed at increasing levels of financial inclusion through greater access to credit, as well as greater investment in infrastructure for the provision of financial services, impacted in their financial performance and how this data can be use on an emerging economy such as Peruvian, which is characterized by being scarce, while offering lights for the incorporation of CSR information disclosure policies in various sectors of the Peruvian economy. It is hypothesized that Corporate Social Responsibility of Peruvian Banks had positively affect in their financial monthly performance in the period 2009-2018. This work will analyze the information of the 12 main Peruvian banks, which together represent more than 97% of the market share. To demonstrate the relationship between CSR ratio and ROE of Peruvian banks, we use the Multiple Linear Regression Model. We run the Fixed Effects (FE) regression and the Random Effects (RE) GLS regression, using public data obtained from financial information and from the sustainability reports of the Peruvian banks selected in the representative sample. that they are periodically reported to the Superintendency of Banks, Insurance and Pension Fund Administrators of Peru – SBS, and that in turn they had information reported throughout the entire period of analysis.