Banking with Ethics: Strategic Moves and Structural Changes of the Banking Industry in the Aftermath of the Subprime Mortgage Crisis

Verfasser / Beitragende:
[Elisabeth Paulet, Miia Parnaudeau, Francesc Relano]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 131/1(2015-09-01), 199-207
Format:
Artikel (online)
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024 7 0 |a 10.1007/s10551-014-2274-9  |2 doi 
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245 0 0 |a Banking with Ethics: Strategic Moves and Structural Changes of the Banking Industry in the Aftermath of the Subprime Mortgage Crisis  |h [Elektronische Daten]  |c [Elisabeth Paulet, Miia Parnaudeau, Francesc Relano] 
520 3 |a This paper explores the behavior of the banking industry in the new business environment that arose after the subprime crisis. The main hypothesis is that there are two major types of banking institutions: conventional banks and ethical banks. Each has a distinct business model. To test how they have reacted to the new environment, factor analysis techniques have been used. The main findings are twofold. Firstly, the new financial context has indeed caused the behavior of mainstream banks to change. Within this group, one can further distinguish between those that have tried to anticipate the changes by adopting a more responsible financial attitude and those that have merely modified their banking practice to comply with the new regulatory framework. Secondly, there are the so-called ethical banks. Interestingly, their behavior has scarcely been altered by the new financial context. The main conclusion is that the different response of both types of banks reflects the existence of a distinct business model. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Commercial banks  |2 nationallicence 
690 7 |a Ethical banks  |2 nationallicence 
690 7 |a Principal component analysis  |2 nationallicence 
690 7 |a Corporate social responsibility (CSR)  |2 nationallicence 
690 7 |a Green-washing  |2 nationallicence 
700 1 |a Paulet  |D Elisabeth  |u ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France  |4 aut 
700 1 |a Parnaudeau  |D Miia  |u Essca School of Management, 1 Rue Lakanal, BP 40348, 49003, Angers Cedex 01, France  |4 aut 
700 1 |a Relano  |D Francesc  |u ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 131/1(2015-09-01), 199-207  |x 0167-4544  |q 131:1<199  |1 2015  |2 131  |o 10551 
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950 |B NATIONALLICENCE  |P 700  |E 1-  |a Paulet  |D Elisabeth  |u ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Parnaudeau  |D Miia  |u Essca School of Management, 1 Rue Lakanal, BP 40348, 49003, Angers Cedex 01, France  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Relano  |D Francesc  |u ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 131/1(2015-09-01), 199-207  |x 0167-4544  |q 131:1<199  |1 2015  |2 131  |o 10551