engleski

What is social in finance? A comparative review of alternative banking and financial practices

Social responsibility and the financial sector are related through different phenomenons, such as corporate social responsibility (CSR), social banking (SB) or socially responsible investment (SRI). However, the lack of terminological and definitional consensus sometimes leads to improper usage of these terms, and results in a theoretical chaos in the field. This review paper offers a definition, presentation and analysis of different forms of social responsibility in the financial sector. A special attention is payed to portraying differences and similarities among investigated phenomenons. We show that certain segments of the financial sector strive for achieving both financial and non-financial benefits.

social responsibility; financial sector; corporate social responsibility; social banking; socially responsible investment

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