Ethical free riding? The double entendre of “dirty hands” in finance, exemplified by ethical investment guidelines

Seele, Peter; Jensen, Ole Alexander; Dalva, Casandra Dawn

doi:10.1016/j.scoms.2015.03.008

Cited by 6 publications

(3 citation statements)

References 26 publications

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“…Indeed, like any other service industry, banking is a people business, and as the financial markets become more open through deregulation, and as technology replaces face-toface contact, creating anonymity, the potential for unethical behaviors and abuse of power is greater (Ferreira, Spahr, & Pereira, 2011;Green, 1989;Reis, Ferreira, & Monteiro-Barata, 2013;Seele, Jensen, & Dalva, 2015;Selmier, 2013).…”

Section: Ethical Banking Practicesmentioning

confidence: 99%

Experience-focused thinking and cognitive mapping in ethical banking practices: From practical intuition to theory

Ferreira

Jalali

Ferreira

2016

Journal of Business Research

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Section: Ethical Banking Practicesmentioning

confidence: 99%

Experience-focused thinking and cognitive mapping in ethical banking practices: From practical intuition to theory

Ferreira

Jalali

Ferreira

2016

Journal of Business Research

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“…Still, due to the severely changing economic environment and adverse levels of competition in the sector, banks can be tempted to compromise their ethical stance (Paulet et al 2015;Ferreira et al 2016a). In fact, as technology replaces face-to-face contact, creating anonymity, and the financial markets become more open through deregulation, the potential for risky behaviors, unethical attitudes or abuse of power is greater, whether by employees, by shareholders or even by customers (Green 1989;Reis et al 2013;Seele et al 2015).…”

Section: Introductionmentioning

confidence: 99%

Analyzing the dynamics behind ethical banking practices using fuzzy cognitive mapping

Azevedo

Ferreira

2017

Oper Res Int J

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Because the perceived ethics of a banking institution can affect its reputation, concern over ethical practices in the banking sector is rapidly increasing. The alignment of such practices with daily operations, however, requires dealing with a wide range of variables, tangible or intangible, and constitutes a notoriously difficult endeavor. Still, due to the rapidly changing economic environment and current sharp competition in the banking industry, a better understanding of this alignment can help bank managers and other key players enhance value creation through more informed decisions, contributing to stronger integration of ethical practices in the banks' daily activities. This paper proposes the use of fuzzy cognitive maps (FCMs) to analyze the dynamics behind ethical banking practices. Grounded on intensive group meetings with a panel of senior executives from the banking industry, the result is a well-informed process-oriented framework that sheds light on the manner in which ethical practices interrelate with each other. Implications, advantages and shortcomings of our proposal are also discussed.

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“…SWFs have also been criticized for being indecisive when it comes to implementing ethical guidelines. Seele, et al (2015) popularized the term "ethical free riding," which means that SWFs are classified as passive shareholders in order to avoid regulatory and political backlash from investment host countries (Yin, 2018). This avoidance could be a reflection of how SWF position themselves and view the host country.…”

Section: Keyword Depth Analysismentioning

confidence: 99%

Sovereign ESG Integration: A Bibliometric and Systematic Literature Review

Pascoal,

Juwana,

Karuniasa

et al. 2023

Studies in Business and Economics

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Investments with sustainable principles that fulfil environmental, social, and governance (ESG) that stress the notion of sovereignty, with varied financing needs and criteria and jurisdictional features, have just lately begun to emerge. We intend to investigate and debate the volume and scope of research performed in that environment. Using PRISMA framework, we obtained 37 articles from 2009 to 2021 related to sovereign aspects of ESG based sustainable investment from the Scopus database. We found that the issues discussed were dominated by Sovereign Wealth Funds (SWF), particularly from Norway, which has the world’s largest market value. We emphasize the need for research in developing countries that have SWFs as well as host countries, analyze sovereign investment in the climate-impacted sectors, formulate our own composite index as a common denominator, where the cross-border legal basis for SWF is strengthened.

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Ethical free riding? The double entendre of “dirty hands” in finance, exemplified by ethical investment guidelines

Cited by 6 publications

References 26 publications

Experience-focused thinking and cognitive mapping in ethical banking practices: From practical intuition to theory

Experience-focused thinking and cognitive mapping in ethical banking practices: From practical intuition to theory

Analyzing the dynamics behind ethical banking practices using fuzzy cognitive mapping

Sovereign ESG Integration: A Bibliometric and Systematic Literature Review

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