Chapter 37 Impact of Corporate Governance on CSR in Slovak Insurance Companies Janka Grofˇ cíková, Katarína Izáková and Dagmar Škvareninová Abstract Corporate governance creates important signals that the company sends to its surroundings. It affects the performance of the company and consequently the sat- isfaction of owners and employees, the trust of creditors, clients, and all other interest groups. There are several ways to gain their trust and satisfaction. One of them is to present information on financial support for activities that are called corporate social responsibility (CSR). The application of the CSR in practice is all the more important in companies providing insurance services, which are often referred to in the literature as trust-based products. There is only little attention paid to the research of corpo- rate governance in relation to corporate social responsibility in insurance companies. Therefore, in our contribution, we examine the impact of selected determinants of corporate governance on corporate social responsibility information disclosure in insurance companies based in Slovakia. We use the basic methods of regression and correlation analysis to quantify this relationship. The selection of explanatory deter- minants of CG is carried out in accordance with the assumption of shareholders’ and stakeholders’ theories of management. The goal is to find out which set of variables will better explain the impact of corporate governance on CSR reporting. The results of the analysis showed that the model based on stakeholder’s theory assumptions explains the changes in reporting CSR information better. Keywords Corporate governance · Corporate social responsibility · Insurance companies JEL Codes M14 · G22 J. Grofˇ cíková (B) · K. Izáková · D. Škvareninová Department of Finance and Accounting, Faculty of Economics, Matej Bel University, Tajovského 10, Banská Bystrica, Slovakia e-mail: janka.grofcikova@umb.sk K. Izáková e-mail: katarina.izakova@umb.sk D. Škvareninová e-mail: dagmar.skvareninova@umb.sk © Springer Nature Switzerland AG 2020 N. Tsounis and A. Vlachvei (eds.), Advances in Cross-Section Data Methods in Applied Economic Research, Springer Proceedings in Business and Economics, https://doi.org/10.1007/978-3-030-38253-7_37 571