Best practices in credit accessibility and corporate social responsibility in financial institutions

Francesc Prior, Antonio Argandoña

Producción científica: Artículo en revista indizadaArtículorevisión exhaustiva

36 Citas (Scopus)

Resumen

The purpose of this article is to present and discuss some of the best practices of financial industry, in three emerging economies: Colombia, Ecuador, and Peru. The main thesis is that, notwithstanding the importance of certain specific deficiencies, such as an inadequate regulatory context or the lack of financial education among the population, the main factor that explains the low banking levels in emerging and developing economies, affecting mostly lower-income segments, is the use of inefficient financial service distribution models. In connection with this thesis, we will try to show that traditional financial institutions, both in developing countries and in the advanced economies have a special social responsibility to help create an efficient financial system that makes saving and borrowing instruments available to the greatest possible number of citizens.

Idioma originalInglés
Páginas (desde-hasta)251-265
Número de páginas15
PublicaciónJournal of Business Ethics
Volumen87
N.ºSUPPL. 1
DOI
EstadoPublicada - abr 2009
Publicado de forma externa

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