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Socially Responsible Banks

Lookup NU author(s): Dr Vu TrinhORCiD, Dr Teng Li

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Abstract

This chapter considers the concept of socially responsible banks through multiple theoretical lenses and from recent empirical evidence. Simply put, socially responsible banks incorporate business ethics and various economic and civic responsibilities into their daily operations. They integrate corporate social responsibility into their lending and decision-making processes, enabling them to develop close relationships and strengthen their social trust with a broad range of stakeholders, including customers, investors, and local communities. Accordingly, they can lay the groundwork for combining their medium- and long-term market presence and highlight their essential contributions to environmental quality and society.

Publication metadata

Author(s): Trinh VQ, Li T

Editor(s): Boubaker S; Elnahass M

Series Editor(s): Sabri Boubaker and Duc Khuong Nguyen

Publication type: Book Chapter

Publication status: In Press

Book Title: Banking Resilience: New Insights on Corporate Governance, Sustainability and Digital Innovation

Year: 2023

Volume: 7

Acceptance date: 15/03/2023

Edition: 1

Series Title: Transformations in Banking, Finance and Regulation

Publisher: World Scientific Publishing

Place Published: London

DOI: https://doi.org/10.1142/q0421

Library holdings: Search Newcastle University Library for this item

ISBN: 9781800614314

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