The double bottom line of savings banks and credit cooperatives – Insights into lived practice

Johann Burgstaller, Dietl Katharina () and Stötzer Sandra ()
Additional contact information
Dietl Katharina: Johannes Kepler Universität Linz, Altenberger Str. 69, 4040 Linz, Austria
Stötzer Sandra: Johannes Kepler University Linz, Institute of Public and Nonprofit Management, Altenberger Str. 69, 4040 Linz, Austria

Zeitschrift für das gesamte Genossenschaftswesen, 2024, vol. 74, issue 1, 17-42

Abstract: Credit cooperatives and savings banks not only fulfill economic purposes, but also pursue social objectives. An orientation towards the common good as part of their hybrid target system leads to positive externalities of their business activities for society, such as the stabilization of the financial sector or the support of vulnerable groups. However, an analysis of current literature and a quantitative study on the lived practice of their social mission show that cooperative and savings banks so far only inadequately communicate the implementation of their values and principles to the public. The article thus offers an insight into the social commitment of Austrian banks and discusses potential obstacles to intensified double bottom line accountability.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/zfgg-2024-0002 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:zfgewe:v:74:y:2024:i:1:p:17-42:n:2

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/zfgg/html

DOI: 10.1515/zfgg-2024-0002

Access Statistics for this article

Zeitschrift für das gesamte Genossenschaftswesen is currently edited by Johannes Blome-Drees, Johann Brazda and Reiner Doluschitz

More articles in Zeitschrift für das gesamte Genossenschaftswesen from De Gruyter
Bibliographic data for series maintained by Peter Golla ().