Responsible Finance and Digitalization : Implications and Developments

The aftermath of the 2008 crisis has substantially increased the regulation of banks and insurance companies and curtailed their risk taking, which has shifted much of the risk to their clients: firms and consumers. At the same time, digitalization has encouraged the entry of new firms combining finance and technological innovation, a phenomenon known as FinTech. The emergence of non-bank financial entities has contributed to the fragmentation of financial services, and also opened up new markets. Furthermore, the growing emphasis on corporate social responsibility has made it increasingly important for financial organizations to care about their public image.

Drawing together these diverse strands, this book examines how the financial sector is evolving and how the existing actors are adapting to the institutional change and to the challenges from new actors and competitors. It also addresses the issue of how financial organizations are providing fixes to the challenges at the systemic level and how a healthier, more diverse and socially responsible financial sector is beneficial to the operations of the market economy as a whole. While there are books that address each of these issues, and also books that look at organizational diversity, there are few that investigate their interconnectedness.

Responsible Finance and Digitalization offers a topical overview of the changes that are taking place in the financial sector and how the financial sector itself can contribute to solving global challenges. It equips both students (at MBA and other levels) and practitioners with analytical tools to reflect on this change and to take appropriate action to ensure that their organization can successfully navigate it and create value.

Table of Contents

1. Cover Page
2. Endorsements Page
3. Half-Title Page
4. Series Page
5. Title Page
6. Copyright Page
7. Contents
8. List of figures
9. List of tables
10. List of contributors
11. 1 Introduction
12. Topic I Organizational Structures and Mission in Banking
13. 2 Conventional or Alternative? How to Assess the Alternativeness of a Bank
14. 3 Trends in Executive Compensation across Bank Types
15. 4 Risk Spillover between Islamic and Conventional Banking Sectors
16. 5 From Vernacular Accounting to Standardized PMS: Logic Multiplicity in a Cooperative Bank
17. 6 Efficiency vs. Values: Institutional Logics, Situated Rationality, and Performance Measurement in a Cooperative Bank
18. Topic II Digitalization Shaping Organizational and Market Boundaries
19. 7 Digital Transformation in Banking: Customer Preferences, Bank Attitudes, and Performance
20. 8 Data Balance Sheet in OP Financial Group
21. 9 Factors Inhibiting the Adoption Intention of Digital Payment Platforms
22. 10 Has Crowdfunding's Potential Been Unleashed in the Baltics?
23. Topic III Regulation in Changing Financial Sector Landscape
24. 11 Investor Protection Strategies in Crowdfunding Regulation: The 4-I's Model
25. 12 Regulation and Development of Private Equity in Europe
26. 13 Financial Institutions' Reporting Requirements and the Criteria for a Good Tax System
27. Topic IV Social Responsibility in the Financial Sector
28. 14 Sustainable and Responsible Investment Funds and Sustainable Transition
29. 15 Banks and Credit Unions as Providers of Financial Literacy: A Complex Relationship
30. 16 Organizational Identity Construction as a Control Mechanism
31. Index