Ethical Banking in the U.K.

Paper Summary:

This paper presents a proposal for a dissertation that will examine the activities of the sizable number of ethical banks in UK for the purpose of determining whether such a business can be as profitable and sustainable as conventional banks, which are perceived to be capable of throwing ethics out the window in exchange for maximising profits. To accomplish this research objective, the dissertation measures the performance of ethical banks using the benchmarks applied to mainstream banks. The writer demonstrates that the research aims to uncover why ethical banks differ from conventional banks, how they perform against each other, and whether the operations of an ethical bank can be sustainable over the long term.

Outline:
Introduction
Aim & Objectives
Literature Review
Methodology
Research Problems
Reflections of Learning
Conclusion

From the Paper:

"This responsibility represents the positive actions or responses that a company takes to fulfill its responsibilities towards its stakeholders, to the environment and to society as a whole. In the view of some economists, however, there is one and only social responsibility of business: to use its resources and engage in activities designed to increase its profits. Thus, when firms experience resource shortages as to threaten their very existence, they attack this problem by cheating on their social responsibility. For example, they may shirk off their responsibility of protecting the environment by acquiring cheap and unreliable anti-pollution devices. That way, the firms give the false impression that they comply with the rules. To address internal resource shortages, such as inadequate capacity and expertise, they overestimate costs, falsify training records, pay excessive compensation and give undeserved promotions. To address external shortages, such as lack of raw materials, they arrange unethical deals with suppliers or service providers. These activities are taboo to ethical banks."

Sample of Sources Used:

• Aldrich, H.E. (1999). "Organisations Evolving." Elsevier.
• Anderson, E., 1993,Values in Ethics and Economics, Cambridge, MA: Harvard University.
• Aronson, E., 2001, Integrating Leadership Styles and Ethical Perspectives, Canadian Journal of Administrative Sciences 18 (4).
• Brady, F.M., 1985, A Janus-Headed Model of Ethical Theory: Looking Two Ways at Business/Society Issues, Academy of Management Review 10 (3).
• Carse, D., 1999, The Importance of Ethics in Banking, Speech at the Banking Conference on Business Ethics, Hong Kong: 15 Sept. 1999.

More papers on Ethical Banking in the U.K.:

• Research Paper # 54728 : "Family Friendly in the U.K."
• Case Study # 118544 : "Lager in the U.K."
• Comparison Essay # 97769 : "Policing in the U.K. and Middle East"

APA Citation:

MLA Citation: