scholarly journals Social responsibility and ethics in the banking business: Myth or reality? A case study from the Slovak Republic

2012 ◽  
Vol 57 (195) ◽  
pp. 115-137 ◽  
Author(s):  
Jaroslav Belás
Keyword(s):  
Social Responsibility ◽  
Banking Sector ◽  
Slovak Republic ◽  
Banking Regulation ◽  
Commercial Banking ◽  
Sociological Research ◽  
Economic Implications ◽  
Moral Principles ◽  
Banking Business ◽  
Moral Attitudes

The aim of this article is to examine the social context of the banking business and to define the basic attributes of corporate social responsibility and ethics in commercial banking. One part of the presents the results of the author?s empiric research into the moral attitudes of bank employees in the Slovak Republic. The importance of ethical standards for financial markets is based on the purpose of commercial banks and other financial institutions, which operate with the money of others. The financial crisis has revealed other significant economic implications, and the considerable lack of moral values in commercial banking has been reflected in bankers? unscrupulous approach to their clients. The crisis has also caused a fundamental turnaround in public opinion towards commercial banking and has increased the pressure to apply moral principles, which represent an appropriate complement to banking regulation. The results of our research show a low level of employee loyalty in the banking sector of the Slovak Republic. This paper can serve as an inspiration for future economic and sociological research by emphasizing the fact that pursuit of profit can be compatible with added social value.

scholarly journals Corporate Social Responsibility of Islamic Banks: CSR website visibility, CSR initiatives, CSR strategy

2021 ◽  
Vol 6 (2) ◽  
pp. 166
Author(s):  
Tahreem Noor Khan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Banking Sector ◽  
Ethical Aspect ◽  
Islamic Banks ◽  
Moral Principles ◽  
Corporate Websites ◽  
Csr Strategy ◽  
Core Elements ◽  
Corporate Social

Purpose: The concept of Corporate Social Responsibility (CSR) has been widely known in the Islamic banking sector yet there is criticism and lack of trust which exists among stakeholdersDesign/Method/Approach: To reduce negative concern and to fill the gap in the literature, this research reinforces the integration of ethical and moral principles in the banking business.Findings: One of the integral and core elements of Islamic economics is ‘falah’; which focuses on wellness and the concept of reward in this world and hereafterOriginality/Values: To fulfil the needs of the ethical aspect of Islamic banks which leads to ‘falah’, this research has extracted the underlying theoretical issues of Islamic bank Corporate Social Responsibility (web visibility, initiatives, strategy).  This research also determines the extent of CSR visibility in twelve leading Islamic banks’ corporate websites.

scholarly journals The Impact of the Financial Crisis on Business Ethics in the Banking Sector: A Case Study from Slovakia

2013 ◽  
Vol 13 (3) ◽  
pp. 111-131 ◽  
Author(s):  
Jaroslav Belás
Keyword(s):  
Financial Crisis ◽  
Customer Satisfaction ◽  
Business Ethics ◽  
Banking Sector ◽  
Commercial Banking ◽  
Low Level ◽  
Level Of Satisfaction ◽  
Bank Employees ◽  
Moral Attitudes ◽  
The Impact

Abstract The importance of ethical standards for financial markets is based on the purpose of commercial banks and other financial institutions which operate with money of others. Besides significant economic implications, the financial crisis has also revealed considerable lack of moral values in commercial banking, which has been reflected by a very unscrupulous approach of bankers to their clients. The crisis has also caused a fundamental turnaround in public opinions on commercial banking and increased the pressure on application of moral principles in banking, which represents an appropriate complement of banking regulations. The aim of this article is to determine the basic attributes of business ethics in commercial banking and quantify changes in moral attitudes of bank employees in Slovakia through own research, which occurred during the financial crisis. Moral attitudes of bank employees are analyzed in relation to reaching customer satisfaction. The research focuses on identificating satisfaction of bank employees and also on how their satisfaction reflects acceptance of customers’ needs. A part of the research also deals with evaluation of customer satisfaction in the same timeframe. The results of our empirical research show that the low level of satisfaction and loyalty of bank employees is transferred to the low acceptance rate of customer need to sell bank’s products in the banking sector in Slovakia. The low level of satisfaction and loyalty has also caused a decline in the overall customer satisfaction. Index of personal satisfaction of bank’s customers has slightly increased in the examined period, but its current level is still very low.

scholarly journals Determinants of Financial Sustainability of Financial Intermediaries

2021 ◽  
Vol 10 (1) ◽  
pp. 01-10
Author(s):  
Champika Liyanagamage
Keyword(s):  
Sri Lanka ◽  
Commercial Banks ◽  
Banking Sector ◽  
Banking System ◽  
Business Environment ◽  
Commercial Banking ◽  
Institutional Setting ◽  
Bank Stability ◽  
Credit Growth ◽  
Economic Implications

This paper provides interesting insights into the practices of banks and institutional setting in Sri Lanka. The sustainability and stability of banks that makes up an economy’s banking system should be sound at all time. This paper aimed at analyzing the determinants of banking sector stability in Sri Lanka. The study used a broad set of macro and bank level data covering 22 commercial banks for the period 1996-2016. The fixed effect GLS panel data model tested in this paper sets the relationship between bank stability measure; Z-score and business environment which includes bank characteristics and the elements of macro environment. The analysis of the study revealed lower level of Z-scores and thus lower level of bank stability, indicating a higher risk associated with the commercial banking sector in Sri Lanka.  From among the variables tested, strong evidence was found for a positive effect of bank efficiency on bank stability and a negative effect of credit growth on bank stability. At macro level, bank stability is promoted at a higher rate when the economy is more developed and stable. The results imply that efficiency of commercial banks needs to be further improved and regulatory and policy environment should be strengthened to manage the credit growth at the bank level. Further, it is suggestive to strengthening bank supervision and other financial infrastructure in order to ensure sustainability of the banking sector. Thus, the present paper contributes the current banking literature by unveiling the explicit and unforeseen economic implications associate with individual bank operations and macro imbalance which are particularly unique in underdeveloped countries.

scholarly journals Društvena odgovornost banaka u vrijeme financijske krize: ususret direktivi Europske unije o nefinancijskom izvještavanju

2017 ◽  
Vol 6 (1) ◽  
Author(s):  
Ana Kundid Novokmet ◽  
Bruna Bilić
Keyword(s):  
Financial Crisis ◽  
Social Responsibility ◽  
Financial Reporting ◽  
Banking Sector ◽  
Legitimacy Theory ◽  
Socially Responsible ◽  
Banking Business ◽  
Current Financial Crisis ◽  
Corporate Social ◽  
Voluntary Adoption

The current financial crisis reaffirmed the relevance of social responsibility and ethics in financial products. Frauds, scandals, collective law suits by organizations for consumer protection, negative reputations as well as increasing anti-corporate activism have not circumvented the banking industry. In a situation of constant emphasis of social costs and operating damages, the banks are expected to embrace social responsibility more significantly, as well as to endure the sizeable burden of the economic crisis. According to the legitimacy theory, the voluntary adoption of the corporate social responsibility concept within the banking business may serve as a method of building up the reputational capital of the banks and regaining the trust of society in banking products, all segments where it is important that socially responsible actions are adequately reported and disclosed. Thanks to the 5/EU on non-financial reporting of large-sized and listed companies as well as public-interest entities, social responsibility reporting will soon become mandatory for the banking sector. By giving an insight into the scale of social responsibility reporting of selected Croatian banks, this paper will address responsibility reporting has increased during the financial crisis, as the legitimacy theory suggests. It will also give an answer how prepared are banks for the new regulatory requirements in the nonfinancial reporting area.

scholarly journals The Effects of Corporate Governance, Corporate Social Responsibility, and Intellectual Capital Disclosure on the Sustainability of Banking Sector in Bangladesh

2019 ◽  
Vol 9 (4) ◽  
pp. 53
Author(s):  
Nisar Ahmed ◽  
Md. Joynal Abedin
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Intellectual Capital ◽  
Banking Sector ◽  
Governance Structure ◽  
Commercial Banking ◽  
Long Run ◽  
Corporate Social ◽  
Sustainable Practice

Sustainability is one of the most cornering issues for the current corporate world. Wide realization has been adapted by the major organizations where everybody endorses to do business in a long run, not just to maximizing the profit. Aiming to create better environment for the future generations, several steps has been taken by various local and international associations and bodies. The focus areas that ensure sustainable practice are intellectual capital disclosure, CSR expenditure, infrastructural asset, research and development expenses, corporate governance structure, green banking policy, financial development, environmental effects and many other factors. Firms are aware of maintaining these factors effectively to sustain in the market. Sustainability is a massive subject and various component are related with this major issue. Recently three of the components such as Corporate Governance, Corporate Social Responsibility and Intellectual Capital Disclosure has grabbed the major attention and maintained with an important manner. Private commercial banking sector is one of the most popular and growing sectors in Bangladesh. Due to high competition, to sustain in the market is difficult for those banks. As a turn out various components of sustainability are effectively maintained by the banks. This paper shows how CG, CSR and ICD affect the sustainable practice of the private commercial banking sector in Bangladesh. It also relates various components and shows ways to improve the sustainable practice in our current situation.

On Modernization of Regulation and New Models of Banking Business Development

2018 ◽  
Vol 11 (3) ◽  
pp. 14-19 ◽  
Author(s):  
O. I. Lavrushin
Keyword(s):  
Business Models ◽  
Banking Sector ◽  
Banking Regulation ◽  
Production Sector ◽  
New Models ◽  
Banking Business ◽  
Research Findings ◽  
Economic Volatility ◽  
The Subject ◽  
The Stability

The subject of the research is the problems of improving the regulation of the banking sector and new models for its development under the economic volatility conditions. The purpose of the research was to identify problems that affect the banking sector performance and the stability achieved. The research findings revealed that the emerging disproportions in economic development and the imperfection of risk management are urging banks to seek business models based on a comprehensive assessment of the monetary institutions efficiency covering the economic, social and organizational aspects of the banking sector. It is concluded that the improvement of the banking regulation framework involves its differentiation, raising the responsibility of banks for inflicted losses, updating their development strategies, better adjustment to the needs of the production sector.

scholarly journals Sustainability of Banking Sectors in Bangladesh: A Study Based on Emerging Role of Corporate Governance, Corporate Social Responsibility and Intellectual Capital Disclosure

2017 ◽  
Vol 6 (4) ◽  
pp. 164
Author(s):  
Niaz Mohammad ◽  
Md. Joynal Abedin ◽  
Asif Rahman
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Intellectual Capital ◽  
Banking Sector ◽  
Commercial Banking ◽  
Major Attention ◽  
Corporate Social ◽  
Sustainable Practice

Now-a-day’s businesses are highly concerned about the operations and how their activities affect the surroundings. Aiming to create better environment for the future generations, a number of steps has been taken by various local and international associations and bodies. Recently three of the components such as Corporate Governance (CG), Corporate Social Responsibility (CSR) and Intellectual Capital (IC) Disclosure has grab the major attention and maintained with an important manner. CG, CSR and IC disclosure are three of the most talkative prospects which have direct effects towards sustainability. Private Commercial banking sector is one of the most popular and growing segments in Bangladesh. Governed and monitored by the Bangladesh Bank, those banks contribute highly towards national economy. As a result, various components of sustainability are effectively maintained by the banks. This paper shows how CG, CSR and IC disclosure affect the sustainable practice of the private commercial banking sector in Bangladesh. It also relates various components and shows ways to improve the sustainable practice in the banking sectors.

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