Journal of Business Ethics 100 (1):151 - 173 (2011)

Abstract
This article studies the differences between traditional financial intermediaries (commercial banks, savings banks and cooperative banks) and ethical banks based on property rights, in which the owner decides the ideology, principles, standards and objectives of the organisation. In ethical banking, affinity centres on positive social and ethical values. The article consequendy focuses on an index proposed both to differentiate ethical banks from other types of banks, and also to pinpoint the differences between the various ethical banks themselves.This is the Radical Affinity Index (RAI), which groups banks together in terms of their stance on ethical commitment, concentrating on ethical ideology and principles (information transparency, placement of assets, guarantees and participation) and using a sample of 114 European banks. The evidence shows that transparency of information and placement of assets are factors that differentiate ethical banks from other financial intermediaries.Guarantees and participation are characteristics specific to ethical banks; these variables, however, do not offer clear evidence to our analysis
Keywords assets placement  ethical banking  guarantees  participation  Radical Affinity Index  ranking  transparency
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DOI 10.1007/s10551-011-0774-4
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References found in this work BETA

The Use of Secondary Data in Business Ethics Research.Christopher J. Cowton - 1998 - Journal of Business Ethics 17 (4):423-434.
Business Ethics in Banking.C. F. Green - 1989 - Journal of Business Ethics 8 (8):631 - 634.
Taking the Pulse: Ethics and the British Cooperative Bank. [REVIEW]Alan Kitson - 1996 - Journal of Business Ethics 15 (9):1021 - 1031.

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