Social, Environmental, and Trust Issues in Business and Finance

Biehl, Christoph; Hoepner, Andreas G. F.; Liu, Jianghong

doi:10.1002/9781118524015.ch7

Cited by 6 publications

(5 citation statements)

References 54 publications

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“…Many researchers attribute the outbreak of the 2007 financial crisis to the detachment of the financial system from general ethical behavior, humane values, and the real economy (Benedikter, 2011;Carè, 2018;Colander et al, 2009). Consequently, the most recent increase in attention for VBBs from academia, media, and investors is driven by environmental conscience and by a search for trust, as the financial crisis has led to a lack of confidence in traditional financial market players (Biehl et al, 2012;Climent, 2018).…”

Section: Values-based Bankingmentioning

confidence: 99%

Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it

Schäfer

Utz

2021

Asia-Pac Financ Markets

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We study the financial stability of Values-Based Banks (VBBs) and Global Systemically Important Banks (GSIBs), and how regulatory changes in the aftermath of the financial crisis affected bank stability. These two types of banks allow contrasting an environmental and social impact banking approach to a conventional one. VBBs exhibit significantly higher financial stability before and during the financial crisis. However, regulatory changes in the aftermath of the financial crisis requiring higher capital buffer, have significantly affected GSIBs and rendered the difference in stability levels insignificant.

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Section: Values-based Bankingmentioning

confidence: 99%

Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it

Schäfer

Utz

2021

Asia-Pac Financ Markets

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“…The essence and role of trust for the rational, socially responsible management of modern organizations has already been emphasized many times in the literature (Mostovicz, Kakabadse, and Kababadse, 2011;Dierendonck, 2011;Hind, Wilson, and Lenssen, 2009). But it is the socially responsible, emotionally intelligent leader who is the source and model of credibility conditioning trust building (Biehl, Hoepner, and Liu, 2012;Arvidsson, 2010;Inkinen, 2105). The paper adopts a broad approach to the concept of emotional intelligence, involving not only specific cognitive skills (including the ability to perceive and identify emotional signals, understanding experiences related to the affective sphere and the use of knowledge about feelings) but also competences, qualities and attitudes.…”

Section: The Role Of a Leader In Socially Responsible Organizationsmentioning

confidence: 99%

The Role of Leadership in Corporate Social Responsibility as a Manifestation of Organization’s Intellectual Capital: A Conceptual Framework

Barcik¹,

Malysiak²,

Dziwiński³

et al. 2021

ERSJ

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Purpose: The main concept of the work is to learn, understand, describe and explain the importance of leaders characterized by special moral competences giving them a rational direction to their behaviors and thus to the development of the socially responsible organization in the context of constituting intellectual capital within the process of corporate social responsibility. Design/Methodology/Approach: The paper constitutes the conceptual research framework for further investigations on the position of the leadership in socially responsible organizations which contributes to the increasing role of intellectual capital in the above organizations. The hypotheses summarizing the deliberation based on the critical review of the literature were formulated in the paper. Findings: The preliminary results of the conceptual work carried out indicate that the higher the level of intellectual capital, the higher is the level of excellence in social responsibility. It was also assumed that the key factor shaping intellectual capital of the organization is the emotional intelligence of the leader and the emotional intelligence of the leader positively shapes interpersonal trust in the organization as well as inter-organizational trust. Practical Implications: Presented outcomes may be useful in formulating management strategies of contemporary enterprises based on the specific role of the responsible leader which then may turn into a new paradigm of managing socially responsible organization operating at higher level of responsibility awarness. Originality/value: The results of the research contribute in the cognitive sense to the enrichment of knowledge in terms of responsible leadership and developing intellectual capital of the organizations.

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“…Church‐affiliated schools have been early actors in adopting policies that screen out investments based on religious principles. Biehl, Hoepner, and Liu () identify a number of examples, including, from the 1920s, a Methodist Church policy to avoid investment in alcohol and gambling and a Quaker policy to avoid investment in weapons manufacturing.…”

Section: Institutional Backgroundmentioning

confidence: 99%

“…Biehl et al. () note that the social movement in the 1960s generated robust discussion in university endowment management regarding the role of ethical investing. Antiapartheid, labor issues, and civil rights policies were central during this period.…”

Section: Institutional Backgroundmentioning

confidence: 99%

Socially Responsible Investing by Universities and Colleges

Smith

2016

Financial Management

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We analyze the socially responsible investing (SRI) practices of universities and colleges. Although SRI may align with an institution's mission and enhance its “brand,” these activities may also arise from agency problems. We find evidence of both effects. Consistent with branding effects, we find significant differences between independent and church‐affiliated schools, we find that highly selective and elite schools do not seek differentiation through SRI and are unlikely to sacrifice returns for SRI, and we find that Less Selective schools appear to regard costs of SRI as branding investments. Consistent with agency problems, attributes of investment committees bear on policy choices. For independent schools, larger committees and those where professional representation is low are likely to screen, allow sustainability considerations to influence investment choices, and vote proxies along SRI lines. “Social boards,” those with more alumni and less investments expertise, appear more oriented toward generating donations and less focused on investment policy.

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Social, Environmental, and Trust Issues in Business and Finance

Cited by 6 publications

References 54 publications

Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it

Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it

The Role of Leadership in Corporate Social Responsibility as a Manifestation of Organization’s Intellectual Capital: A Conceptual Framework

Socially Responsible Investing by Universities and Colleges

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