David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 87 (1):111 - 135 (2009)
Responsible risk management is central to banking ethics. With the 1999 publication of the Basel Committee's proposal, Basel II, for a New Capital Accord to replace the 1988 agreement, Basel I, an attempt has been made to address the problem of correlating banks' risk management with their capital requirements. The Basel II framework, finalised in June 2004, is designed to improve risk management by using models based on past performance to help set the amount of capital banks are required to hold by regulators, with the purpose of improving the efficiency of capital allocation. The objectives of this study are to investigate how banks generally, but particularly those located in China, could improve their risk management systems and what the implications of these new regulations are for them. Three relevant propositions were formulated, namely, Basel II will improve risk management; Basel II will improve capital allocation efficiency; and compliance with advanced risk management systems is biased in favour of the large banks. Evidence was assembled with which to evaluate these three propositions by gathering relevant primary data by means of a representative survey of Chinese banking executives involved in risk management. The findings strongly support the first two of the above propositions and partly support the third proposition
|Keywords||banking ethics banking regulations Basel I & II risk-management Chinese banking|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Zhuang Cai & Peter Wheale (2004). Creating Sustainable Corporate Value: A Case Study of Stakeholder Relationship Management in China. Business and Society Review 109 (4):507-547.
Citations of this work BETA
No citations found.
Similar books and articles
Yu-Shan Chen (2008). The Positive Effect of Green Intellectual Capital on Competitive Advantages of Firms. Journal of Business Ethics 77 (3):271 - 286.
G. Isaac Robert, M. Herremans Irene & J. Kline Theresa (2010). Intellectual Capital Management Enablers: A Structural Equation Modeling Analysis. Journal of Business Ethics 93 (3).
Liliana Rojas-Suarez, Financial Regulations in Developing Countries: Can They Effectively Limit the Impact of Capital Account Volatility?
James Franklin (2005). Risk-Driven Global Compliance Regimes in Banking and Accounting: The New Law Merchant. Law, Probability and Risk 4 (4):237-250.
Marta de La Cuesta-González, María Jesús Muñoz-Torres & María Ángeles Fernández-Izquierdo (2006). Analysis of Social Performance in the Spanish Financial Industry Through Public Data. A Proposal. Journal of Business Ethics 69 (3):289 - 304.
Marcel Van Marrewijk & Joanna Timmers (2003). Human Capital Management: New Possibilities in People Management. Journal of Business Ethics 44 (2/3):171 - 184.
Marcel van Marrewijk & Joanna Timmers (2003). Human Capital Management: New Possibilities in People Management. [REVIEW] Journal of Business Ethics 44 (2-3):171-184.
E. Marchant Gary, J. Sylvester Douglas & W. Abbott Kenneth (2008). Risk Management Principles for Nanotechnology. NanoEthics 2 (1).
Added to index2009-01-28
Total downloads3 ( #340,424 of 1,679,339 )
Recent downloads (6 months)1 ( #183,792 of 1,679,339 )
How can I increase my downloads?