... the necessary resources for social and environmental activities Social implications The findings suggest that the shift from philanthropy to strategic postures leads to creating and fostering social benefits such as developing an entrepreneurial spirit and empowering women. Originality/value MNCs...

... examination of the CSP construct before studying its relationship with financial performance. CSR Philanthropy Conceptual framework Empirical illustration Key stakeholders Spanish savings banks Pablo Gomez-Carrasco can be contacted at: pablog.carrasco@uam.es Figure 1 presents CSR...