Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin

(1) Background: The growing number of banking entities linked to the field of banking since the 1980s requires a preliminary classification of this sector in order to identify the main stylized facts of this wide conglomerate of institutions oriented to financial sustainability as well as the establ...

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Autores principales: María del Carmen Valls Martínez, Pedro Antonio Martín-Cervantes, Sandra Peña Rodríguez
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Lenguaje:EN
Publicado: MDPI AG 2021
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Acceso en línea:https://doaj.org/article/dafd63c35329418ca801e46417059c2b
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spelling oai:doaj.org-article:dafd63c35329418ca801e46417059c2b2021-11-11T19:38:55ZEthical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin10.3390/su1321119772071-1050https://doaj.org/article/dafd63c35329418ca801e46417059c2b2021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11977https://doaj.org/toc/2071-1050(1) Background: The growing number of banking entities linked to the field of banking since the 1980s requires a preliminary classification of this sector in order to identify the main stylized facts of this wide conglomerate of institutions oriented to financial sustainability as well as the establishment of an effective differentiation that can objectively distinguish the different types of institutions operating in this subfield of finance. The objective of this research is to obtain a frame of reference by determining the main defining characteristics of these entities and their differentiating elements, by verifying, on an analytical basis, the ways in which they provide a social service in the pursuit of financial inclusion. (2) Methods: A double methodological perspective is used jointly: Factor Analysis and Cluster Analysis. (3) Results: It was possible to delimit two significant groups: Ethical Banks per se and Poverty Alleviation Banks, defining their main differences and analogies. (4) The taxonomy conducted revealed that Ethical Banks per se are primarily established in developed countries, while Poverty Alleviation Banks focus their actions on developing nations. Based on this classification, we establish a series of practical policies that support the future deployment of sustainable banking.María del Carmen Valls MartínezPedro Antonio Martín-CervantesSandra Peña RodríguezMDPI AGarticleethical bankingpoverty alleviation bankingmicrocreditsglobal alliance for banking on valuespoverty eradicationEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11977, p 11977 (2021)
institution DOAJ
collection DOAJ
language EN
topic ethical banking
poverty alleviation banking
microcredits
global alliance for banking on values
poverty eradication
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
spellingShingle ethical banking
poverty alleviation banking
microcredits
global alliance for banking on values
poverty eradication
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
María del Carmen Valls Martínez
Pedro Antonio Martín-Cervantes
Sandra Peña Rodríguez
Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin
description (1) Background: The growing number of banking entities linked to the field of banking since the 1980s requires a preliminary classification of this sector in order to identify the main stylized facts of this wide conglomerate of institutions oriented to financial sustainability as well as the establishment of an effective differentiation that can objectively distinguish the different types of institutions operating in this subfield of finance. The objective of this research is to obtain a frame of reference by determining the main defining characteristics of these entities and their differentiating elements, by verifying, on an analytical basis, the ways in which they provide a social service in the pursuit of financial inclusion. (2) Methods: A double methodological perspective is used jointly: Factor Analysis and Cluster Analysis. (3) Results: It was possible to delimit two significant groups: Ethical Banks per se and Poverty Alleviation Banks, defining their main differences and analogies. (4) The taxonomy conducted revealed that Ethical Banks per se are primarily established in developed countries, while Poverty Alleviation Banks focus their actions on developing nations. Based on this classification, we establish a series of practical policies that support the future deployment of sustainable banking.
format article
author María del Carmen Valls Martínez
Pedro Antonio Martín-Cervantes
Sandra Peña Rodríguez
author_facet María del Carmen Valls Martínez
Pedro Antonio Martín-Cervantes
Sandra Peña Rodríguez
author_sort María del Carmen Valls Martínez
title Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin
title_short Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin
title_full Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin
title_fullStr Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin
title_full_unstemmed Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin
title_sort ethical banking and poverty alleviation banking: the two sides of the same solidary coin
publisher MDPI AG
publishDate 2021
url https://doaj.org/article/dafd63c35329418ca801e46417059c2b
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AT pedroantoniomartincervantes ethicalbankingandpovertyalleviationbankingthetwosidesofthesamesolidarycoin
AT sandrapenarodriguez ethicalbankingandpovertyalleviationbankingthetwosidesofthesamesolidarycoin
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