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Value-based banking in Central and Eastern Europe countries: ecological point of view

Author

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  • Bogna Janik

    (WSB University in Poznan)

Abstract

Motivation: Banks play an important role connected with financing pro-ecological investments made by enterprises. They support pro-ecological activities of the entities applying for financing or offer saving/investment products relating to the environmental impact. In terms of their external pro-ecological activities there can be distinguished two groups of banks. The first group offers a wide selection of products and pro-ecological services as well as uses the tools of environmental risk management. The second group concentrates on offering selective products and services as well as is. Aim: The main objective of the study is to identify and assess some chosen aspects of ecological activities of the banks listed on Stock Exchanges in CEE countries and included in sectoral indices and sustainable indices such as: RESPECT, CEERIUS and VONIX. The scope of this analysis encompasses selected dimensions illustrating banks’ activities in terms of environmental protection. The analysis of the investigated dilemma was based mainly on the desk research of digital and documentary sources. Results: The results indicate relatively huge differences across environmental care in value-based banks compared to conventional banks, and small differences between value-based banks.

Suggested Citation

  • Bogna Janik, 2017. "Value-based banking in Central and Eastern Europe countries: ecological point of view," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 16(3), pages 313-324, September.
    • Handle: RePEc:cpn:umkeip:v:16:y:2017:i:3:p:313-324
    DOI: 10.12775/EiP.2017.022
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    References listed on IDEAS

    as
    1. Bogna Janik, 2016. "Ecological and eco-innovative activities of the Banks," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 16(1), pages 13-20, April.
    2. Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
    3. Robert D. Klassen & Curtis P. McLaughlin, 1996. "The Impact of Environmental Management on Firm Performance," Management Science, INFORMS, vol. 42(8), pages 1199-1214, August.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Theresa Schäfer & Sebastian Utz, 2022. "Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(1), pages 5-32, March.

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    More about this item

    Keywords

    environmental care; social banking; sustainable indices; value-based banking;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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