Social Responsibility And Ethics In The Banking Business: Myth Or Reality? A Case Study From Slovak Republic
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.
Volume (Year): 57 (2012)
Issue (Month): 195 (October - December)
|Contact details of provider:|| Postal: KAMENICKA 6 - 11000 BEOGRAD|
Phone: (381 11) 302122
Fax: (381 11) 639 560
Web page: http://www.ekof.bg.ac.rs/
More information through EDIRC
|Order Information:|| Web: http://ea.ekof.bg.ac.rs/ Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yves Fassin & Derrick Gosselin, 2011. "The Collapse of a European Bank in the Financial Crisis: An Analysis from Stakeholder and Ethical Perspectives," Journal of Business Ethics, Springer, vol. 102(2), pages 169-191, August.
- Osman M. Karatepe & Georgiana Karadas, 2011. "The effect of management commitment to service quality on job embeddedness and performance outcomes," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 13(4), pages 614-636, July.
- David Sigurthorsson, 2012. "The Icelandic Banking Crisis: A Reason to Rethink CSR?," Journal of Business Ethics, Springer, vol. 111(2), pages 147-156, December.
When requesting a correction, please mention this item's handle: RePEc:beo:journl:v:57:y:2012:i:195:p:115-138. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Goran Petrić)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.