The Emergence of Ethic Banks and Social Responsibility in Financing Local Development

The evaluation of the present offer of banking products and services in the developed countries as well in the emerging ones shows the extent to which they fulfill or not the principles specific to social responsibility and ethics in economics. Considering heightened competition, some institutions a...

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Main Authors: Teodora Barbu, Georgeta Vintila
Format: Article
Language:English
Published: General Association of Economists from Romania 2007-12-01
Series:Theoretical and Applied Economics
Subjects:
Online Access: http://store.ectap.ro/articole/269.pdf
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author Teodora Barbu
Georgeta Vintila
author_facet Teodora Barbu
Georgeta Vintila
author_sort Teodora Barbu
collection DOAJ
description The evaluation of the present offer of banking products and services in the developed countries as well in the emerging ones shows the extent to which they fulfill or not the principles specific to social responsibility and ethics in economics. Considering heightened competition, some institutions adopt new strategies based on the creation of new concepts where human finality is to replace economical finality. Thus, banking ethics and social responsibility are concepts which are found at the level of credit cooperative and ethical banks. Oriented mainly towards rural financing and financing social responsible projects, within the study, the two approaches complete and sustain each other.
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spelling doaj.art-58f22380dde94a50bc2f8df7ab1fa6062022-12-21T23:33:15ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292007-12-01XIV1218418678The Emergence of Ethic Banks and Social Responsibility in Financing Local DevelopmentTeodora Barbu0Georgeta Vintila1 Academia de Studii Economice, Bucuresti The evaluation of the present offer of banking products and services in the developed countries as well in the emerging ones shows the extent to which they fulfill or not the principles specific to social responsibility and ethics in economics. Considering heightened competition, some institutions adopt new strategies based on the creation of new concepts where human finality is to replace economical finality. Thus, banking ethics and social responsibility are concepts which are found at the level of credit cooperative and ethical banks. Oriented mainly towards rural financing and financing social responsible projects, within the study, the two approaches complete and sustain each other. http://store.ectap.ro/articole/269.pdf ethic bankcredit cooperationmicrocreditssocial responsibilityrural financing
spellingShingle Teodora Barbu
Georgeta Vintila
The Emergence of Ethic Banks and Social Responsibility in Financing Local Development
Theoretical and Applied Economics
ethic bank
credit cooperation
microcredits
social responsibility
rural financing
title The Emergence of Ethic Banks and Social Responsibility in Financing Local Development
title_full The Emergence of Ethic Banks and Social Responsibility in Financing Local Development
title_fullStr The Emergence of Ethic Banks and Social Responsibility in Financing Local Development
title_full_unstemmed The Emergence of Ethic Banks and Social Responsibility in Financing Local Development
title_short The Emergence of Ethic Banks and Social Responsibility in Financing Local Development
title_sort emergence of ethic banks and social responsibility in financing local development
topic ethic bank
credit cooperation
microcredits
social responsibility
rural financing
url http://store.ectap.ro/articole/269.pdf
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