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Socially Responsible Investments Among Savings Banks And Credit Unions: Empirical Findings In The Spanish Context

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  • Carmen VALOR
  • Ricardo PALOMO
  • Javier ITURRIOZ
  • José Luis MATEU

Abstract

ABSTRACT**: This article examines the socially responsible offer of savings banks and credit unions in Spain. In particular, it has been analysed their perceived commitment with socially responsible investments, their product portfolio, their marketing strategy, and their reported forecasts of future growth. The findings lead us to conclude that a socially responsible market in Spain is at an introductory stage among credit unions, and at a growth stage among savings banks. The paper outlines managerial implications for marketing managers so as to reap the potential benefits derived from this approach to investment.

Suggested Citation

  • Carmen VALOR & Ricardo PALOMO & Javier ITURRIOZ & José Luis MATEU, 2007. "Socially Responsible Investments Among Savings Banks And Credit Unions: Empirical Findings In The Spanish Context," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 78(2), pages 301-326, June.
    • Handle: RePEc:bla:annpce:v:78:y:2007:i:2:p:301-326
    DOI: 10.1111/j.1467-8292.2007.00330.x
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    References listed on IDEAS

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    1. Begoña Gutiérrez Nieto, 2005. "Antecedentes del microcrédito. Lecciones del pasado para las experiencias actuales," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 51, pages 25-50, April.
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    Cited by:

    1. Élias Rizkallah & Inmaculada Buendía Martínez, 2011. "Corporate Social Responsibility in the Financial Sector: Are Financial Cooperatives Ready to the Challenge?," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 73, pages 127-149, October.
    2. Blankenberg, Ann-Kathrin & Gottschalk, Jonas F. A., 2018. "Is socially responsible investing (SRI) in stocks a competitive capital investment? A comparative analysis based on the performance of sustainable stocks," University of Göttingen Working Papers in Economics 349, University of Goettingen, Department of Economics.
    3. Ricardo Server Izquierdo & Jordi Capó Vicedo, 2012. "Corporate social responsibility of financial organizations in the social economy: a case study on savings banks," Service Business, Springer;Pan-Pacific Business Association, vol. 6(1), pages 99-115, March.
    4. Fabienne Fecher & Benoît Lévesque, 2008. "The Public Sector And The Social Economy In The Annals (1975–2007): Towards A New Paradigm," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(3‐4), pages 679-727, September.

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