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Information Transparency as a Differentiation Factor of Ethical Banking in Europe: A Radical Affinity Index Approach

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  • Leire San Jose
  • José Luis Retolaza

Abstract

This paper seeks to analyze the principal differences between ethical banking and the rest of funding organizations—banks, saving entities, credit cooperatives. With this aim, the paper first defines the essential characteristics of ethical banking—maximum social participation, efficient and professional management, transparency as a fundamental value, the existence of an ethical code, the inversion of assets in projects with an abiding social value and global measure. Furthermore, with the aim of providing the contrast among the funding organizations, the paper proposes an index, ‘Radical Affinity Index’, which is focused essentially on the responsibility of lenders with regard to the decisions on the final use of funds. Once obtained, the index makes it possible to compare the classification of banking groups metrically. Therefore, the paper used a part of the index—transparency—as the first differential factor of ethical banking, to evaluate the hypothesis—there are significant differences in informative transparency between ethical banking and traditional banking.

Suggested Citation

  • Leire San Jose & José Luis Retolaza, 2008. "Information Transparency as a Differentiation Factor of Ethical Banking in Europe: A Radical Affinity Index Approach," The IUP Journal of Bank Management, IUP Publications, vol. 0(3), pages 7-22, August.
    • Handle: RePEc:icf:icfjbm:v:7:y:2008:i:3:p:7-22
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    Cited by:

    1. Bruna Marinangeli, 2012. "Orientamento allo stakeholder engagement e performance economiche nelle aziende bancarie: un?analisi empirica," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2012(3), pages 319-335.
    2. Francisco José López-Arceiz & Ana José Bellostas-Pérezgrueso & José Mariano Moneva, 2018. "Evaluation of the Cultural Environment’s Impact on the Performance of the Socially Responsible Investment Funds," Journal of Business Ethics, Springer, vol. 150(1), pages 259-278, June.
    3. Olalekan Usiobaifo Asikhia, 2016. "Ethical Banking Determinants across Nations: A Meta-Analysis," Journal of Economics and Behavioral Studies, AMH International, vol. 8(3), pages 115-126.
    4. Leire San-Jose & Jose Retolaza & Jorge Gutierrez-Goiria, 2011. "Are Ethical Banks Different? A Comparative Analysis Using the Radical Affinity Index," Journal of Business Ethics, Springer, vol. 100(1), pages 151-173, April.

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