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Article
Publication date: 6 November 2019

Elisabeth Paulet and Hareesh Mavoori

The digital revolution has substantially changed the business environment. Most banks have acknowledged the importance of new technologies to improve performance and client…

2991

Abstract

Purpose

The digital revolution has substantially changed the business environment. Most banks have acknowledged the importance of new technologies to improve performance and client satisfaction. The development of these innovations has led to the entrance of the so-called Fintechs. This paper aims to evaluate the impact of these transformations on the performance of financial institutions and on their business model.

Design/methodology/approach

The authors use data envelopment analysis and Malmquist total productivity indices to measure financial institutions’ efficiency and their influence on strategy.

Findings

The main finding is that clients are more than ever at the core of banking strategy. The irrelevance of distance in basic banking transactions has reduced expenses and contributed to increasing revenues for all financial institutions. Banks will have a card to play in the advice they can bring to their clients.

Practical implications

This research could be of interest for financial managers who wish to re-examine their current business practices and imagine their business model for the future.

Originality/value

The contribution will be to further define the correlation between the provision of electronic banking services and its performance by including diversified institutions (conventional banks, Fintechs, Gafas) in the sample from multiple geographic zones to identify differences as regards their efficiency and business practices.

Details

Journal of Business Strategy, vol. 41 no. 6
Type: Research Article
ISSN: 0275-6668

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Article
Publication date: 14 June 2011

Elisabeth Paulet

Since the 1980s, the global financial system has faced several crises that have led regulators to consider new conjectural and structural problems. These crises (new technology

6416

Abstract

Purpose

Since the 1980s, the global financial system has faced several crises that have led regulators to consider new conjectural and structural problems. These crises (new technology bubbles, the sub‐prime crisis …) have led economists and financial analysts to the following conclusions. First of all, systemic risk has increased during the last 30 years, which had led regulators to devise rules to evaluate information more efficiently. Second, the recent collapse of stock markets despite the national rescue measures shows the importance of preventative procedures. The third point is that aggressive capitalism has demonstrated its limits. The aim of this paper is to show that regulation is a necessary but not sufficient condition to ensure the efficiency of banking institutions, financial markets and the management of companies.

Design/methodology/approach

Through the analysis of the Swiss banking sector, the paper provides an insight for banks to satisfy social pressure on more ethical behavior. This case could be an example for another functioning for financial institutions.

Findings

By refocusing on their core business, banking institutions will be capable of realizing profit and creating value for the community.

Practical implications

The arguments discussed in this paper could be of interest both for professionals and academics willing to solve the antagonism between profit and ethics: profit can be compatible with social value added.

Originality/value

Banking and finance is not “an ethics free zone”. By changing their behavior, banks can improve their credibility on the market and renew the confidence towards clients.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

Keywords

Available. Content available
Article
Publication date: 14 June 2011

Elisabeth Paulet

625

Abstract

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

Available. Content available
Article
Publication date: 14 June 2011

Elisabeth Paulet

530

Abstract

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

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Article
Publication date: 7 September 2012

Francesc Relano and Elisabeth Paulet

The aftermath of the subprime mortgage crisis has accelerated a pre‐existing process of ethical approach in the banking industry. Today, all banks claim to be socially…

2348

Abstract

Purpose

The aftermath of the subprime mortgage crisis has accelerated a pre‐existing process of ethical approach in the banking industry. Today, all banks claim to be socially, environmentally and economically committed with the philosophy of sustainable finance. The purpose of this paper is to show that, beyond the outward similarities, there are three different types of banking approach, each reflecting a distinct business model: banks whose ethical/social approach is mainly based on what they say, represented by universal banks; banks whose ethical/social approach is based on what they are, essentially the co‐operative banks; banks whose ethical/social approach is based on what they do, the so‐called ethical banks.

Design/methodology/approach

The paper bases its argument on the German banking industry, which is a big European country with a fairly diversified banking sector. The paper examines three types of sources for each of the above‐mentioned categories of banks: the social and environmental reporting, the conformity or not with the principles of the social and solidarity‐based economy and the different types of financial activities as reflected in their balance sheet.

Findings

The paper concludes that more ethical behaviour leads to both economic performance and social gains which increase wealth for all partners.

Research limitations/implications

The proposed methodology could be extended to other European banking systems to discuss their implications as regards corporate social responsibility.

Practical implications

This contribution will help the reader to evaluate banking communication as regards corporate social responsibility in their daily activity.

Originality/value

This research will give an insight based on the documents published by banking institutions to measure their implication on corporate social responsibility.

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Article
Publication date: 14 April 2014

Elisabeth Paulet, Miia Parnaudeau and Tamym Abdessemed

This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs.

1992

Abstract

Purpose

This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs.

Design/methodology/approach

This paper aims to explore how banks have modified their behaviours since the subprime crisis and their influence on credit access for SMEs.

Findings

We provide evidence that strategic orientations adopted by banks (both fragile and robust) are quite voluntary and not simply the result of following regulations. Unfortunately, these orientations have hampered SMEs' access to credit.

Practical implications

The core result of the paper is to emphasize that banking behaviours have considerably changed just after the subprime crisis and that SMEs have to deal with this new reality. These findings could be of interest for regulators and banking authorities to control liquidity constraints and guarantee both the stability of the global banking system and sustainable economic growth.

Originality/value

Using an original data reduction method and balance sheet analysis, this paper found evidence of key changes in banking behaviours during the subprime crisis.

Details

Journal of Business Strategy, vol. 35 no. 2
Type: Research Article
ISSN: 0275-6668

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Article
Publication date: 14 June 2011

Miia Parnaudeau

Strategic decisions taken during financial instability periods are directly influenced by the competitive environment in which actors are evolving. In the highly financialized

769

Abstract

Purpose

Strategic decisions taken during financial instability periods are directly influenced by the competitive environment in which actors are evolving. In the highly financialized context in which they proceed, firms are moving in a half light. The rational expectations hypothesis no longer stands relevant when the information made available to actors is incomplete. The aim of this paper is to discuss how in such a situation, firms and banks interact using uncertain profit expectations, and then feed financial crises.

Design/methodology/approach

The paper pinpoints the key role played by a competitive environment on firms' and banks' strategic governance, by discussing a cognitive or experience linked expectations model. It then focuses on the free play of behavior in these enhanced competitive spaces.

Findings

Once admitted the irrelevancy of the rational expectations hypothesis, an optimal way of characterizing expectations under uncertainty is proposed. This solution helps to illustrate how the free play of banks and firms in today's enhanced competitive spaces generate systematic escalations on the markets.

Originality/value

Financial governance would gain more from being steered towards a more explicit consideration of speculative behaviors: the cognitive or experience linked expectations model proposed in this paper is a first attempt to discuss this question.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

Keywords

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Article
Publication date: 14 June 2011

Francesc Relaño

The aim of this paper is to show that there are other options for a firm (or a bank) than just following the mainstream logic of maximizing financial profits. This is the case of

2188

Abstract

Purpose

The aim of this paper is to show that there are other options for a firm (or a bank) than just following the mainstream logic of maximizing financial profits. This is the case of the so‐called “social banks”, which appeared in the mid‐1980s. Unlike the “financial green‐washing” of traditional banks, social banks have shown in their everyday practice that a bank can still be a competitive institution whilst committing wholeheartedly to the concept of sustainable development.

Design/methodology/approach

The analysis compares social banks to traditional universal banks at two levels: analysis of what they say, namely by looking at their annual report; and analysis of what they do, namely by looking at their activities as reflected in their balance sheet.

Findings

Concerning traditional banks, there is a major gap between what they say and what they do, whereas social banks are much more consistent in this regard. This is simply because social banks have put in place a different organization and different management structures and, overall, because they apply a different business model.

Originality/value

All banks are not the same. Beyond the “declarative ethics”, the methodology used in this paper helps to make the difference among them by using concrete evidence for measuring their “social added value”.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

Keywords

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Article
Publication date: 14 June 2011

Olivier Meier, Audrey Missonier and Richard Soparnot

This paper aims to answer two questions: firstly, how does the mode of corporate governance evolve following a merger between two specific companies looking for a joint innovation

1339

Abstract

Purpose

This paper aims to answer two questions: firstly, how does the mode of corporate governance evolve following a merger between two specific companies looking for a joint innovation policy? Secondly, what are the factors that guide decision makers towards choosing one governance model over another?

Design/methodology/approach

In order to answer these questions, this study focuses on two unlisted SMEs within the information and communication technology (ICT) sector, where joint innovation plays a key role. The authors studied the corporate governance decisions made during a strategic alliance between a small enterprise (called eStat) and a medium‐sized enterprise (called Médiamétrie), formed with a view to building a strategic partnership based on technological innovation. The method chosen to carry out this research involved a single case study based on passive observation (153 days of observation), participant observation, the conducting of 70 semi‐structured interviews and the analysis of internal documents such as the memorandum of understanding.

Findings

From a critical reading of the “standard” (disciplinary/shareholder, relating to process profitability issues in particular) and the “strategic” (the importance of human capital, relating to innovation issues in particular) approaches, the authors demonstrate how the managers of the newly‐created company (Médiamétrie‐eStat) gradually opted for a renewed, resource‐based corporate governance model.

Originality/value

Contrary to what underlies existing literature addressing corporate governance, this paper shows the need to consider the dynamics involved in the adoption of the corporate governance model when a merger deals with strategic innovation issues.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

Keywords

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Article
Publication date: 14 June 2011

Dominique Wolff

This paper aims to analyze how the level of adherence to sustainable development principles has evolved and also how the integration of new “good” governing rules has evolved in

1587

Abstract

Purpose

This paper aims to analyze how the level of adherence to sustainable development principles has evolved and also how the integration of new “good” governing rules has evolved in conjunction with the formation and functioning of the boards of directors and their committees.

Design/methodology/approach

The paper reports the results of a comparative case study – three French companies in the building sector – based on both primary and secondary data for the period 2002 to 2007.

Findings

It is found that the companies showed that they were capable of integrating sustainable development principles into their way of management; they also developed their rules of governance – in particular with regard to the constitution and the operating rules of their board of directors.

Originality/value

This study provides recent developments regarding sustainable development applied to company management, in the building sector in France. It also gives precise and recent information on the development of corporate governance rules.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 3
Type: Research Article
ISSN: 1472-0701

Keywords

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