BANKS' CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE AND THEIR ROLE IN THE BETTERMENT OF SOCIETY IN THE REPUBLIC OF NORTH MACEDONIA

Abstract

Corporate Social Responsibility (CSR) is of great importance for companies and other stakeholders, which obliges the companies to establish a way of management that will simultaneously take care of the environmental, social, and ethical aspects of factors. If corporate responsibility is the guiding factor for companies, they can easily gain a competitive advantage over others. This paper researches how the banks in the Republic of North Macedonia report on CSR and in what report format CSR data is published. The research is based on the method of content analysis and statistical analysis to determine whether the size and profit of banks affect the CSR Reporting. The sample included in the research is 14 banks that the National Bank of the Republic of North Macedonia has granted a license to operate. The results of this research show that the size of banks has a positive effect on CSR reporting, while on the other hand, profit does not affect it.