The Changing Role of Banks in the Financial System: Social Versus Conventional Banks

Simon Cornée (simon.cornee@univ-rennes1.fr), Anastasia Cozarenco (a.cozarenco@montpellier-bs.com) and Ariane Szafarz (ariane.szafarz@ulb.be)
Additional contact information
Simon Cornée: Université de Rennes 1
Anastasia Cozarenco: Montpellier Business School and CERMi
Ariane Szafarz: Université Libre de Bruxelles (ULB)

A chapter in Sustainable Finance and ESG, 2023, pp 1-25 from Palgrave Macmillan

Abstract: Abstract Social banks have emerged as a new group of banks that call themselves as “alternative”, “ethical”, “sustainable”, and “value-based”. Their small market share increases at a rapid pace and is still expected to grow in the future. Social banks are institutions with both (at least some) activities of financial intermediation and one or several non-financial missions, typically based on environmental and social values. By unpacking the observable, real-life differences between social banks and conventional banks, this chapter paves the way to theorizing the multidimensional characteristics of social banks within the global banking industry. Business models, governance issues, lending technologies, and social outcomes appear to be key aspects to understand how innovative, value-based, social banks work and how they might one day substantively affect mainstream banking business.

Keywords: Social banks; Ethical banks; Social mission; Financial cooperatives; Microcredit; G21; B55; H23; G32; G28; H81 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Changing Role of Banks in the Financial System: Social Versus Conventional Banks (2023)
Working Paper: The Changing Role of Banks in the Financial System: Social versus Conventional Banks (2022)
Working Paper: The Changing Role of Banks in the Financial System: Social versus Conventional Banks (2022)
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:pal:pmschp:978-3-031-24283-0_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031242830

DOI: 10.1007/978-3-031-24283-0_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).