Abstract
This paper brings theoretical approach of ethics in financial industry as well as research results from Croatian banks. The role of ethics in financial industry becomes every day more important issue, also there are no more questions of ethics institutionalisation - it is a question of ethical behaviour. Research limitation was subject matter so sample was reduced to seven major banks in Croatia which are actively involved in creating ethical values. The paper implies stakeholders’ orientations which assure understanding, learning and improving organisation; as well as identification, development and implementation of appropriate strategy also larger attention in future should be given to institutionalisation of ethics, on every level, because main ethical dilemmas according to bank managers trace roots in society culture. The value of this paper is based on the uniqueness of the research results about ethics in Croatian banks.
Keywords
References
- Aspen Publishers. (2009). Codes of Conduct Shore Up Employee Ethics, Customer Confidence. Tellervision, 1383, 1 – 2.
- Aviva, G. (2001). Regulation and Ethics in Business: The Israeli Bank-Share Case. Business and Politics , (3)3, 297 – 320.
- Aydinlik, A. U., Donmez, D., Svensson, G., Wood, G. & Callaghan, M. (2008). Communicating the ethos of codes of ethics within the organization. Journal of Management Development , (27)27, 778 - 790.
- Carse, D. (1999). Speech: The importance of Ethics in Banking, Banking Conference on Business Ethics, Hong Kong,
- Croatian Parliament. (2008). The Credit Institutions Act (Official Gazette 117 of 26 September 2008).
- Bogdanović, M. (2008). The influencing factors on business system ethics. Radovi zavoda za znanstveni rad HAZU Varaždin , 19, 295 – 318.
- Buchanan, D. A., Huczynski, A. A. (2010). Organisational behaviour, (7th ed.). Essex, England: Prentice Hall Clarkson, M. (1995.) A stakeholder framework for analyzing evaluating corporate social performance, Academy of Management Review , 20(1), 92 – 117.
- Croatian Parliament (2008) Act on the Croatian National Bank. (Official Gazette 75 of 1 July 2008) Croatian Bureau of Statistics, 2011 Croatian National Bank (2007) Croatian National Bank (2009). Annual Report, 2009 Croatian National Bank (2010a). Banks Bulletin, No.20 (Croatian National Bank (2010b). Banks Bulletin, No.21 Croatian National Bank, (2011a). The standard presentation format, 1st quarter of 2011. Croatian National Bank (2011b). Banks Bulletin, No. 169, April 2011
- Croatian National Bank (2011c). The list of instruments and measures of the monetary policy, No.1, 2011
- Cornett, M. M., Adair, T. A. J. & Nofsinger, J. (2009). Finance: applications and theory, early release, New York: McGraw-Hill/Irwin.
- Ćorić M. & Jelavić, I. (2009). Ethics in business, Ethical leadership in the business context with case studies, Obnovljivi život , 64(2), 393 – 404.
- De George, R. (2010). A History of Business Ethics, retrieved on 25th April 2010.
- Daft, R.L. (2008). New era of management. 2nd edition. United States of America:Thomson South-Western eHow. (2010). Difference Between Code of Ethics & Code of Conduct, available at: http://www.ehow.com/about_6596898_difference-code-ethics-code-conduct.html.
- Encyclopaedia Britannica (2012). available at: http://www.britannica.com/EBchecked/topic/194023/ethics/59237/The-origins-of-ethics.
- FDK Corporation (2008). FDK group social and environmental report 2008, Tokyo, retrieved on 12th May 2010 from http://www.fdk.com/kankyou-e/2008report_e.pdf.
- Golja, T. & Paulišić, M. (2010). The Corporate Governance and Ethics in Croatian Corporations. Business Review, Cambridge , 16 (1), 141. – 148.
- Golja, T. And Paulišić, M. (2011.) Corporate Governance: Using CSR as Communication Tool, Global Journal of Strategies / Governance, (4)2, 1-29.
- Green, C.F. (1989). Business Ethics in Banking. Journal of Business Ethics, (8)8, 631 – 634.
- Holme, C.A. (2008). Business Ethics – Part Two: Making it part of your strategy. Industrial and Commercial Training, 40, 6, 303 – 309.
- Krugman, P. (2008). The Return of Depression Economics and The Crises of 2008. New York: W.W.Norton & Company.
- Krummeck, S. (2000). The role of ethics in freud prevention: A practitioner's perspective, Business Ethics. European Review , 9( )4, 268 – 272.
- Laouisset, D. E. (2009). Organizational Commitment to Ethics and International Ethical Perspectives: United Arab Emirates (UAE) Banks as a Case Study. Employees Responsibility Rights Journal , 21, 333 – 339.
- Lo, S. F., Sheu, H. J. (2007). Is Corporate Sustainability a Value-Increasing Strategy for Business? Journal Compilation , 15(2), 345 – 358.
- Marsiglia, E., Falautano, I. (2005). Corporate Social Responsibility and Sustainability Challenges for a Bancaassurance Company, The Geneva Papers, 30, 485 – 497.
- McFadden, D. (2010). Code of Ethics for Banking, available at: http://www.ehow.com/about_6576758_code-ethics-banking.html.
- McKinsey. (2010). Foundations of value, available at: http://media.wiley.com/product_data/excerpt/56/04704246/0470424656.pdf.
- Pactwa, T. E. (2006). The Banking Industry: Ethics and Recent Trends: An Interview with William A. McKenna, Ridgewood Savings Bank Chairman Emeritus, The Peter J. Tobin College of Business, St. John's University, Review of Business, 1-9.
- Ryan, L.V., Buchholtz, A. K., Kolb, R. W. (2010). New Directions in Corporate Governance and Finance: Implications for Business Ethics Research. Business Ethics Quarterly , 20(4), 673 – 694.
- Swami, Kumara, M. R. (2009). Financial Management Call For New Approach To Ethical- Based Financial Statement Analysis. Journal of Financial Management Analysis , 22(2), 70 – 84.
- Stanford Encyclopedia of Philosophy (2011). available at: http://plato.stanford.edu/entries/moralitydefinition/
- The Josephson Institute (2010). How to harness ethics to increase productivity, available at: http://josephsoninstitute.org/business/resources/increase_productivity.html.
- Velasquez M., Andre, C., Shanks S. J. T. & Meyer, J. M. (2010). What is Ethics?, retrieved on 21st April 2010 from: http://www.scu.edu/ethics/practicing/decision/whatisethics.html.
- Weiss, J. W. (2006). Business Ethics a Stakeholder and Issue Manager Approach, 4th Edition, Mason: Thompson Higher Education
Downloads
No downloads have been recorded for this article yet. Figures appear here once readers begin downloading the full text.
How to Cite
Share this article
License
Copyright (c) 2011 Tea Golja, Paulišić Morena, Krstinić – Nižić, Marinela (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Author (s) should affirm that the material has not been published previously. It has not been submitted and it is not under consideration by any other journal. At the same time author (s) need to execute a publication permission agreement to assume the responsibility of the submitted content and any omissions and errors therein. After submission of revised paper in the light of suggestions of the reviewers, the editorial team edits and formats manuscripts to bring uniformity and standardization in published material.
This work will be licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) and under condition of the license, users are free to read, copy, remix, transform, redistribute, download, print, search or link to the full texts of articles and even build upon their work as long as they credit the author for the original work. Moreover, as per journal policy author (s) hold and retain copyrights without any restrictions.
Keywords
Section
Published
Submissions
Have research to publish? Information Management and Business Review welcomes submissions.
Make a Submission