caa a22 4500 605483574 CHVBK 20210128100432.0 cr unu---uuuuu 210128e20150901xx s 000 0 eng 10.1007/s10551-014-2274-9 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2274-9 Banking with Ethics: Strategic Moves and Structural Changes of the Banking Industry in the Aftermath of the Subprime Mortgage Crisis [Elektronische Daten] [Elisabeth Paulet, Miia Parnaudeau, Francesc Relano] 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. Springer Science+Business Media Dordrecht, 2014 Commercial banks nationallicence Ethical banks nationallicence Principal component analysis nationallicence Corporate social responsibility (CSR) nationallicence Green-washing nationallicence Paulet Elisabeth ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France aut Parnaudeau Miia Essca School of Management, 1 Rue Lakanal, BP 40348, 49003, Angers Cedex 01, France aut Relano Francesc ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France aut Journal of Business Ethics Springer Netherlands 131/1(2015-09-01), 199-207 0167-4544 131:1<199 2015 131 10551 https://doi.org/10.1007/s10551-014-2274-9 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2274-9 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Paulet Elisabeth ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France aut NATIONALLICENCE 700 1- Parnaudeau Miia Essca School of Management, 1 Rue Lakanal, BP 40348, 49003, Angers Cedex 01, France aut NATIONALLICENCE 700 1- Relano Francesc ICN Business School, 13 Rue Michel Ney, C075, 54037, Nancy, France aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 131/1(2015-09-01), 199-207 0167-4544 131:1<199 2015 131 10551