Detail publikace

The Effect of Ethics on Banks’ Financial Performance

Autor: prof. PhDr. Petr Teplý Ph.D., Mgr. Radek Halamka
Typ: Články v impaktovaných časopisech
Rok: 2017
Číslo: 0
ISSN / ISBN: ISSN 1210-0455 (print), ISSN 2336-730X (online)
Publikováno v: Prague Economic Papers, Czech Republic
Místo vydání: Prague, Czech Republic
Klíčová slova: bank, ethics, financial performance, bank business models, profitability
JEL kódy: A13, B12, B16, G21, Q56
Citace: Halamka, R., Teplý, P. (2017). "The Effect of Ethics on Banks’ Financial Performance", Prague Economic Papers, Vol. 26, No. 3, pp. 330-344
Granty: GACR 15-00036S Credit Risk Modeling for Financial and Commodity Assets Portfolios GAČR 14-02108S Vzájemná interakce krizí státu a bank VŠE IP100040
Abstrakt: In this paper, we contribute to the literature focusing on ethics in banking from both theoretical and empirical point of view. We argue that the recent business of the global banking industry is not sustainable and we believe that ethical banking may represent one of the alternative models. In the empirical section, we investigate how ethics in the banking business models affects their financial performance. We identified 69 ethical banks and compared them with conventional banks using Bankscope data of more than 80,000 bank-year observations for the 2003–2013 period. We apply the Within-Between Estimation method to bank financial indicators of Return on Assets, Return on Equity and their respective volatilities. We conclude that ethical banks report significantly lower volatility in Return on Equity than their conventional counterparts. In addition, the hypothesis that ethical banks would have higher profitability than their peers is not rejected.
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