Social responsibility and ethics in the banking business: Myth or reality? A case study from the Slovak Republic

Belás, Jaroslav

dc.title	Social responsibility and ethics in the banking business: Myth or reality? A case study from the Slovak Republic	en
dc.contributor.author	Belás, Jaroslav
dc.relation.ispartof	Economic Annals
dc.identifier.issn	0013-3264 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2013
utb.relation.volume	57
utb.relation.issue	195
dc.citation.spage	115
dc.citation.epage	138
dc.type	article
dc.language.iso	en
dc.publisher	University of Belgrade	en
dc.identifier.doi	10.2298/EKA1295115B
dc.relation.uri	http://ea.ekof.bg.ac.rs/anali_195.php
dc.subject	Corporate social responsibility in the banking sector	en
dc.subject	Ethical banking	en
dc.subject	Moral attitudes of bank employees	en
dc.subject	Social aspects of banking	en
dc.description.abstract	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.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1003482
utb.identifier.obdid	43869767
utb.identifier.scopus	2-s2.0-84884310076
utb.source	j-scopus
dc.date.accessioned	2013-09-30T14:16:49Z
dc.date.available	2013-09-30T14:16:49Z
utb.contributor.internalauthor	Belás, Jaroslav
utb.fulltext.affiliation	Jaroslav Belás* * Faculty of Management and Economics, Tomas Bata University in Zlín, Czech Republic E-mail: belas111@gmail.com
utb.fulltext.dates	Received: October 03, 2012 Accepted: February 20, 2013
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utb.fulltext.sponsorship	This paper was supported by Project No. IGA/FaME/2013/010: Satisfaction mirror effect and bank financial performance.