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Autor
Costa-Climent Ricardo (Linnaeus University, Sweden), Martínez-Climent Carla (Universitat de València, Spain)
Tytuł
Sustainable Profitability of Ethical and Conventional Banking
Źródło
Contemporary Economics, 2018, vol. 12, nr 4, s. 519-530, bibliogr. 84 poz.
Tytuł własny numeru
Digital Transformations and Value Creation in International Markets
Słowa kluczowe
Banki, Rozwój zrównoważony, Społeczna odpowiedzialność biznesu, Technologie finansowe
Banks, Sustainable development, Corporate Social Responsibility (CSR), FinTech
Uwagi
Klasyfikacja JEL: G21, Q01, Q56
summ.
Abstrakt
In recent years, social movements have echoed calls for greater social and environmental responsibility. Although financial institutions promote development, consumers have lost confidence in banks. As we enter the Fintech era, banks have the opportunity to use new tools that enable greater transparency for customers. Corporate social responsibility (CSR) plays a key role in increasing social awareness of regulators, society, shareholders, and employees-in short, stakeholders. This study therefore focuses on banks that have designed their activities and investments to contribute to sustainability. The principal contribution of this paper is to show the existence of a range of business models that arise following different responses by different types of banks. These different responses occur because the primary objective of sustainable banks is to meet the needs of stakeholders and contribute to sustainable development, whereas conventional banks simply apply and execute CSR policies. It is possible to differentiate between ethical banks and commercial banks. To ensure economic progress and achieve sustainability, it is fundamental to balance economic profitability with people's social and environmental aspirations. (original abstract)
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Bibliografia
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Cytowane przez
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ISSN
2084-0845
Język
eng
URI / DOI
http://dx.doi.org/10.5709/ce.1897-9254.294
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