IDEAS home Printed from https://ideas.repec.org/a/vrs/foeste/v23y2023i1p124-143n1.html
   My bibliography  Save this article

A Comparative Analysis of the Corporate Ideologies of Banks Operating in the Republic of Croatia

Author

Listed:
  • Lacković Stjepan

    (Polytechnic of Baltazar, Zaprešić, Croatia)

  • Baralić Marina

    (Alma Mater Europaea – European Centre Maribor, Slovenia)

  • Šporčić Mateja

    (Polytechnic of Baltazar Zaprešić, Croatia)

Abstract

Research background Corporate ideology is perceived as a set of fundamental beliefs held by company members about how the company and its members should behave in relation to one another and the outside world. In this paper, corporate ideology is treated as the basis for creating an organization’s identity and as an extremely important factor in its success. Purpose The aim of this paper is to analyze the corporate ideologies of banks operating in the Republic of Croatia, to classify different ideologies, and finally, to determine what kind of identity the surveyed banks communicate through their corporate ideologies. Research methodology A comparative and content analysis are applied as qualitative methods of research of an interpretative character. Results The corporate ideologies of two of the analyzed banks (ZABA and Erste) are described as social institutionalism, and PBZ’s ideology is labeled as social corporatism. Detected corporate ideologies do not serve to build the authenticity of banks’ identities. Novelty The main novelty of this research is in the methodology of reaching corporate ideologies. Unlike previous works on corporate ideology, in this paper public messages communicated in (digital) media were the main sources for the analysis of an organization’s core values and ideologies resulting from it. Also, a simple framework for the possible classification of different corporate ideologies was provided.

Suggested Citation

  • Lacković Stjepan & Baralić Marina & Šporčić Mateja, 2023. "A Comparative Analysis of the Corporate Ideologies of Banks Operating in the Republic of Croatia," Folia Oeconomica Stetinensia, Sciendo, vol. 23(1), pages 124-143, June.
    • Handle: RePEc:vrs:foeste:v:23:y:2023:i:1:p:124-143:n:1
    DOI: 10.2478/foli-2023-0007
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/foli-2023-0007
    Download Restriction: no
    File URL: https://libkey.io/10.2478/foli-2023-0007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Klonoski, Richard J., 1991. "Foundational considerations in the corporate social responsibility debate," Business Horizons, Elsevier, vol. 34(4), pages 9-18.
    2. Englander, Ernie & Kaufman, Allen, 2004. "The End of Managerial Ideology: From Corporate Social Responsibility to Corporate Social Indifference," Enterprise & Society, Cambridge University Press, vol. 5(3), pages 404-450, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ackah-Baidoo, Abigail, 2012. "Enclave development and ‘offshore corporate social responsibility’: Implications for oil-rich sub-Saharan Africa," Resources Policy, Elsevier, vol. 37(2), pages 152-159.
    2. Allen Kaufman & Ernie Englander, 2011. "Behavioral Economics, Federalism, and the Triumph of Stakeholder Theory," Journal of Business Ethics, Springer, vol. 102(3), pages 421-438, September.
    3. Carduff, Kevin C. & Fogarty, Timothy J., 2014. "Men of steel: Voluntary accounting information disclosure in the first third of the twentieth century at U.S. Steel Corporation," Research in Accounting Regulation, Elsevier, vol. 26(2), pages 196-203.
    4. Matthias P. Hühn, 2018. "CSR - the Cuckoo’s Egg in the Business Ethics Nest," Humanistic Management Journal, Springer, vol. 3(2), pages 279-298, December.
    5. Sweta SINGH, 2010. "Philanthropy to Corporate Social Responsibility: An Indian Perspective," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(5), pages 990-1000, December.
    6. Ağca, Şenay & Togan-Eğrican, Aslı, 2024. "Managerial activism," Journal of Corporate Finance, Elsevier, vol. 86(C).
    7. Davide Secchi, 2009. "The Cognitive Side of Social Responsibility," Journal of Business Ethics, Springer, vol. 88(3), pages 565-581, September.
    8. Ilka Marie Frerichs & Thorsten Teichert, 2023. "Research streams in corporate social responsibility literature: a bibliometric analysis," Management Review Quarterly, Springer, vol. 73(1), pages 231-261, February.
    9. Guénola Nonet & Kerul Kassel & Lucas Meijs, 2016. "Understanding Responsible Management: Emerging Themes and Variations from European Business School Programs," Journal of Business Ethics, Springer, vol. 139(4), pages 717-736, December.
    10. Luciano Fanti & Domenico Buccella, 2020. "Pareto-Superiority of Corporate Social Responsibility in Unionised Industries," Arthaniti: Journal of Economic Theory and Practice, , vol. 19(2), pages 131-150, December.
    11. Banerjee, Subhabrata Bobby, 2002. "Corporate environmentalism: the construct and its measurement," Journal of Business Research, Elsevier, vol. 55(3), pages 177-191, March.
    12. Weinstein Olivier, 2013. "The Shareholder Model of the Corporation, Between Mythology and Reality," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(1), pages 43-60, January.
    13. Mitchell J. Stein, 2008. "Beyond the boardroom: governmental perspectives on corporate governance," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 21(7), pages 1001-1025, September.
    14. Nevin-Gattle, Kim, 1996. "Predicting the philanthropic response of corporations: Lessons from history," Business Horizons, Elsevier, vol. 39(3), pages 15-22.

    More about this item

    Keywords

    core purpose; core values; corporate identity; corporate ideology;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • G2 - Financial Economics - - Financial Institutions and Services
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:foeste:v:23:y:2023:i:1:p:124-143:n:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.