879
Views
9
CrossRef citations to date
0
Altmetric
Articles

Swimming against the tide: ethical banks as countermovement

Pages 314-332 | Received 28 Mar 2013, Accepted 21 Aug 2013, Published online: 04 Oct 2013

References

  • Aalbers, M. B. 2008. “The Financialization of Home and the Mortgage Market Crisis.” Competition & Change 12 (2): 148–166. doi: 10.1179/102452908X289802
  • Ainsworth, D. 2011. “Charity Bank Announces ‘First Sustained Period of Profit’.” Third Sector, July 25, 2011.
  • Anheier, H. K. 2000. “Managing non-profit organisations: towards a new approach.” Civil society working paper, 1, Centre for Civil Society, LSE, London.
  • Anheier, H. K. 2009. “What Kind of Nonprofit Sector, What Kind of Society? Comparative Policy Reflections.” American Behavioral Scientist 52 (7): 1082–1094. doi: 10.1177/0002764208327676
  • Barth, F. 1963. “Introduktion till ‘Entreprenörens Roll i Social Förändring i Norra Norge’.” Socialanthropologiska Problem. Vänersborg: Prisma/Verdani.
  • BBC. 2012. “Mexico Fines HSBC $27.5 m for Lax Money-laundering Control.” BBC. Accessed August 1, 2012. http://www.bbc.co.uk/news/world-latin-america-18993476
  • Bellotti, E. 2009. “Brokerage Roles Between Cliques: A Secondary Clique Analysis.” Methodological Innovations Online 4: 53–73.
  • Benedikter, R. 2011. Social Banking and Social Finance: Answers to the Economic Crisis. New York: Springer.
  • Bernanke, B. S. 2007. “Regulation and financial innovation.” Federal Reserve Bank of Atlanta's 2007 financial markets conference, Sea Island, May 15.
  • Bernanke, B. S. 2009. “Financial innovation and consumer protection.” At the Federal Reserve System's Sixth Biennial Community Affairs Research, Washington, DC, April 17.
  • Birch, S. 2012. “Crisis, What Banking Crisis? The Rise of Ethical Banking in Britain.” Independent Blogs, September 03, 2012.
  • Birchfield, V. 1999. “Contesting the Hegemony of Market Ideology: Gramsci's 'Good Sense' and Polanyi's 'Double Movement'.” Review of International Political Economy 6 (1): 27–54. doi: 10.1080/096922999347335
  • Blackburne, A. 2013. “Will Barclays Become the World's First Ethical Banking Superpower?” Blue & Green Tomorrow, February 12, 2013.
  • Block, F. 2008. “Polanyi's Double Movement and the Reconstruction of Critical Theory.” Revue Interventions Économiques 38: 1–14.
  • Block, F., and M. R. Somers. 1984. “Beyond the Economistic Fallacy: The Holistic Social Science of Karl Polanyi.” In Method in Historical Sociology, edited by T. Skocpol, 47–84. Cambridge: Cambridge University Press.
  • Borgatti, S. P., M. G. Everett, and L. C. Freeman. 2002. “Ucinet for Windows: Software for Social Network Analysis.” Analytic Technologies, Harvard.
  • Bourdieu, P. 1986. The Forms of Capital. New York: Greenwood.
  • Burt, R. 2009. “Network Duality of Social Capital.” In Social Capital: Reaching Out, Reaching, edited by V. O. Bartkus, and J. H. Davis, 39–65. Cheltenham: Edward Elgar.
  • Burt, R. S. 1992. Structural Holes: The Sociological Structure of Competition. Boston, MA: Harvard University Press.
  • Burt, R. S. 2002. “The Social Capital of Structural Holes.” In The New Economic Sociology, edited by R. Guillen, P. Collins, P. England, and M. Meyer, 148–190. New York: Russell Sage Foundation.
  • Buttle, M. 2007. “‘I'm not in it for the Money': Contructing and Mediating Ethical Reconnections in UK Social Banking.” Geoforum 38 (6): 1076–1088. doi: 10.1016/j.geoforum.2006.12.011
  • Carboni, V. 2011. Banking on Ethics: Challenges and Opportunities for the European Ethical Banking Industry in the Aftermath of the Financial Crisis. Rome: CRBM – Campagna per la Riforma della Banca Mondiale.
  • Central Banking. 2012. “Volcker Warns of ‘Permeable’ Vickers Ring Fence.” Centralbanking.com, October 17, 2012.
  • Corteville, L., and M. Sun. 2009. An Interorganizational Social Network Analysis of the Michigan Diabetes Outreach Networks. Lansing: Michigan Department of Community Health.
  • CRESC. 2009. “An alternative report on UK banking reform.” A public interest report from CRESC. Manchester: CRESC.
  • Crossley, N. 2003. “Even Newer Social Movements? Anti-Corporate Protests, Capitalist Crises and the Remoralization of Society.” Organization 10: 287–305. doi: 10.1177/1350508403010002006
  • Davis, G. F., and D. McAdam. 2000. “Corporations, Classes and Social Movements.” In Research in Organizational Behaviour, edited by B. Shaw, and R. I. Sutton, 195–238. Oxford: Elsevier Science.
  • De Clerck, F. 2009. “Ethical Banking.” In Ethical Prospects – Economy, Society and Environment, edited by L. Zsolnai, Z. Boda, and L. Fekete, 209–227. Dordrecht: Springer.
  • Duijvelaar, C. 1996. Beyond Borders: East-East Cooperation Among Environmental NGOs in Central and Eastern Europe. Wageningen: Wageningen Agricultural University.
  • Eikenberry, A. M., and J. D. Kluver. 2004. “The Marketization of the Nonprofit Sector: Civil Society at Risk?” Public Administration Review 64 (2): 132–140. doi: 10.1111/j.1540-6210.2004.00355.x
  • Epstein, G. A. 2005. Financialization and the World Economy. Cheltenham: Edward Elgar Publishing Limited.
  • Epstein, G. A., and A. Jayadev. 2005. “The Rise of Rentier Incomes in OECD Countries: Financialization, Central Bank Policy and Labor Solidarity.” In Financialization and the World Economy, edited by G. A. Epstein, 46–74. Cheltenham: Edward Elgar Publishing Limited.
  • Erturk, I., J. Froud, S. Johal, A. Leaver, and K. Williams, eds. 2008. Financialization at Work. Abingdon: Routledge.
  • FEBEA. 2012. What Really Differentiated Ethical Banks from Traditional Banks? Brussels: European Federation of Ethical and Alternative Banks and Financiers.
  • FEBEA. 2013. All Members. Accessed February 21, 2013. http://www.febea.org/
  • Freeman, L. C. 1977. “A Set of Measures of Centrality Based on Betweenness.” Sociometry 40 (1): 35–41. doi: 10.2307/3033543
  • Froud, J., C. Haslam, J. Sukhdev, and K. Williams. 2000. “Shareholder Value and Financialisation: Consultancy Promises, Management Moves.” Economy and Society 29 (1): 771–798. doi: 10.1080/030851400360578
  • Froud, J., M. Moran, A. Nilsson, and K. Williams. 2010. “Wasting a Crisis? Democracy and Markets in Britain after 2007.” The Political Quarterly 81 (1): 25–38. doi: 10.1111/j.1467-923X.2010.02069.x
  • Froud, J., J. Sukhdev, A. Leaver, R. Phillips, and K. Williams. 2009. “Stressed by Choice: A Business Model Analysis of the BBC.” British Journal of Management 20: 252–264. doi: 10.1111/j.1467-8551.2008.00564.x
  • Financial Times. 2011. “The Occupy Crowd is No Match for Banks.” Financial Times, November 9, 2011.
  • Financial Times. 2013. “Osborne Threatens to Break up Banks.” Financial Times, February 4, 2013.
  • GABV. 2012. Strong, Straightforward and Sustainable Banking: Financial Capital and Impact Metrics of Values Based Banking. Zeist: The Rockefeller Foundation/Global Alliances for Banking on Values.
  • GABV. 2013. “Our Banks.” Accessed February 21, 2013. http://www.gabv.org/our-banks
  • Goff, S. 2012. “Bank Turmoil Boosts Ethical Accounts.” Financial Times, July 6, 2012.
  • Good Banking Summit. 2011. Good Banking: Why We Need a Bigger Public Debate on Financial Reform. edited by Good Banking Forum. London: New Economics Foundation.
  • Gould, R. V., and R. M. Fernandez. 1989. “Structures of Mediation: A Formal Approach to Brokerage in Transaction Networks.” Sociological Methodology 19: 89–126. doi: 10.2307/270949
  • Greenspan, A. 2005. “Economic flexibility.” Before the National Italian American Foundation, Washington, DC, October 12.
  • Guardian. 2012. “Ethical Money Section.” The Guardian. http://www.guardian.co.uk/money/ethical-money
  • Guardian, T. 2013. “Barclays Accused of ‘Cynical Ploy' to Avoid NICs for Temporary Workers.” The Guardian, 12 February 2013.
  • Habermas, J. 1987. The Theory of Communicative Action, Vol. 2: Lifeworld and System: A Critique of Funcationalist Reason. Boston, MA: Beacon Press.
  • Hanneman, R., and C. Riddle. 2005. “Introduction to Social Network Methods.” Riverside, http://faculty.ucr.edu/~hanneman/nettext/
  • Hargreaves, D. 2008. “This Crisis Requires a Radical Solution – An Ethical Bank.” The Guardian, September 25, 2008.
  • Harvey, J. 2011. “Spurning the ‘Disembedded Market’: Occupy Movement Rejects Commodification of Everything.” Accessed August 14, 2012. http://www.straightgoods.ca/2011/ViewArticle.cfm?Ref=855&Cookies=yes
  • HSBC. 2007. “HSBC Named Best Bank in Ethical Business Survey.” HSBC. Accessed August 1, 2012. http://www.hsbc.com/1/2/newsroom/news/2007/hsbc-named-best-bank-in-ethical-business-survey
  • ICB. 2011. Final Report – Recommendations. London: Independent Commission on Banking.
  • INAISE. 2013. “Memberlist.” Accessed February 21, 2013. http://www.inaise.org/memberlist
  • Independent. 1997. “Co-op Bank Executive Calls for Review at CWS.” The Independent, September 11, 1997.
  • Independent. 2012. “Can Ethical Banks Offer a Realistic Alternative?” The Independent, July 7, 2012.
  • ISB. 2011. “Our Definition of Social Banking.” Accessed February 21, 2013. http://www.social-banking.org/uploads/media/ISB_Social_Banking_Definition_English_110614.pdf
  • Juris, J. S. 2012. “Reflections on# Occupy Everywhere: Social Media, Public Space, and Emerging Logics of Aggregation.” American Ethnologist 39 (2): 259–279. doi: 10.1111/j.1548-1425.2012.01362.x
  • Kaldor, M. 2003. “The Idea of a Global Civil Society.” International Affairs 79 (3): 583–593. doi: 10.1111/1468-2346.00324
  • Krackhardt, D., and R. N. Stern. 1988. “Informal Networks and Organizational Crises: An Experimental Simulation.” Sociaol Psychology Quarterly 51 (2): 123–140. doi: 10.2307/2786835
  • Kriesi, H. 1995. New Social Movements in Western Europe: A Comparative Analysis. Minneapolis: University of Minnesota Press.
  • Krippner, G. R. 2005. “The Financialization of the American Economy.” Socio-Economic Review 3 (2): 173–208. doi: 10.1093/SER/mwi008
  • Kuchler, H., and C. Jones. 2012. “BoE's Haldane says Occupy was Right.” Financial Times, October 30, 2012.
  • Lang, S. 2000. “The NGO-ization of Feminism: Institutionalization and Institution Building Within the German Women's Movements.” In Global Feminisms Since 1945, edited by B. G. Smith, 101–120. London: Routledge.
  • Lewis, D. 2003. “Theorizing the Organization and Management of Non-Governmental Development Organizations: Towards a Composite Approach.” Public Management Review 5 (3): 325–344. doi: 10.1080/1471903032000146937
  • Manchester Mule. 2011. “Coop Bank's Refinancing of Manchester Airport Draws Criticism from Environmentalists.” Manchester Mule, January 8, 2011.
  • McCarthy, J. D., and M. N. Zald. 1973. “Resource Mobilization and Social Movements: A Partial Theory.” The American Journal of Sociology 82 (6): 1212–1241. doi: 10.1086/226464
  • Mills, C. W. 1958. The Power Elite. New York: Oxford University Press.
  • Mintel. 2012. “Greenwash Risk for Ethical Finance Companies – 6 in 10 Brits See Green and Ethical Claims as a PR Stunt.” Accessed April 17, 2012. http://www.mintel.com/press-centre/press-releases/813/greenwash-risk-for-ethical-finance-companies-6-in-10-brits-see-green-and-ethical-claims-as-a-pr-stunt
  • Moneywise. 2012. “Can You Bank Ethically in Britain?” Moneywise, September 17, 2012.
  • Montgomerie, J. 2006. “The Financialization of the American Credit Card Industry.” Competition & Change, 10 (3): 301–319. doi: 10.1179/102452906X114393
  • Montgomerie, J., and K. Williams. 2009. “Financialised Capitalism: After the Crisis and Beyond Neoliberalism.” Competition & Change 13 (2): 99–107. doi: 10.1179/102452909X416999
  • Morris, M., M. Schindehutte, and J. Allen. 2005. “The Entrepreneur's Business Model: Toward a Unified Perspective.” Journal of Business Research 58 (6): 726–735. doi: 10.1016/j.jbusres.2003.11.001
  • Move your Money. 2012. “Half a Million People Have Already Moved their Money.” Join Them. Accessed August 2, 2012. http://www.moveyourmoney.org.uk/blog/half-a-million
  • Mulgan, G. 2009. The Art of Public Strategy: Mobilizing Power and Knowledge for the Common Good. New York: Oxford University Press.
  • Mutuo. 2012. Mutuals Yearbook 2012: The Definitive Guide to the Mutual Sector. Oxford: Mutuo.
  • Nissan, S., and S. Spratt. 2009. The Ecology of Finance – An Alternative White Paper on Banking and Financial Sector Reform. London: New Economics Foundation.
  • O'Sullivan, A. 2009. “What is Triodos Bank and is it any Good?” ThisisMoney.co.uk, January 9, 2009.
  • Offe, C. 1985. “New Social Movements: Challenging the Boundaries of Institutional Politics.” Social Research 52 (4): 817–868.
  • OFT. 2013. Review of the Personal Current Account Market – OFT1005rev. London: Office of Fair Trading.
  • Orr, D. 2012. “Yes, Banking's a Mess, but be Part of the Solution. Move your Money!” The Guardian, July 13, 2012.
  • Osterwalder, A., and Y. Pigneur. 2009. Business Model Generation. ISBN 978-2-8399-0580-0: Self Published.
  • Palley, T. I. 2007. “Financialization: What it is and Why it Matters.” The Levy Economics Institute of Board College, Working paper no. 525.
  • Polanyi, K. 1944 [1957]. The Great Transformation: The Political and Economic Origins of our Time. Boston, MA: Beacon Press.
  • della Porta, D. 2009. “Social Movements.” In The Sage Handbook of European Studies, edited by C. Rumford, 365–384. London: Sage.
  • Porter, M. E. 1980. Competitive Strategy: Techniques for Analyzing Industries and Competitors. New York: The Free Press.
  • Provan, K. G., and H. B. Milward. 1995. “A Preliminary Theory of Interorganizational Network Effectiveness: A Comparative Study of Four Community Mental Health Systems.” Administrative Science Quarterly 40 (1): 1–33. doi: 10.2307/2393698
  • Salamon, L. M. 1995. Partners in Public Service: Government-Non-Profit Relations in the Modern Welfare State. Baltimore, MD: John Hopkins University Press.
  • San-Jose, L., J. L. Retolaza, and J. Gutierrez-Goiria. 2011. “Are Ethical Banks Different? A Comparative Analysis Using the Radical Affinity Index.” Journal of Business Ethics 100 (1): 151–173. doi: 10.1007/s10551-011-0774-4
  • Swedberg, R., U. Himmelstrand, and G. Brulin. 1987. “The Paradigm of Economic Sociology.” Theory and Society 16 (2): 169–213. doi: 10.1007/BF00135694
  • Tilly, C. 1978. From Mobilization to Revolution. Reading, MA: Addison-Wesley.
  • Tischer, D. 2013. “The Embeddedness of Ethical Banks in the UK.” PhD thesis, University of Manchester, Manchester.
  • Valente, T., C. P. Chou, and M. A. Pentz. 2007. “Community Coalitions as a System: Effects of Network Change on Adoption of Evidence-Based Substance Abuse Prevention.” American Journal of Public Health 97 (5): 880–886. doi: 10.2105/AJPH.2005.063644
  • Weber, O., and S. Remer. 2011. Social Banks and the Future of Sustainable Finance. London: Routledge.
  • Wheatley, M. 2012. “Rebuilding Trust and Confidence in Banks and Bankers.” Speech by Martin Wheatley at the Chartered Institute of Bankers – 04 May 2012. London: FSA.
  • Which? 2013. Help Me Meet My Targets. London: A Which? Consumer Insight Publication.
  • YouGov. 2012. “Banks: ‘Dishonest', ‘Incompetent'.” YouGov, July 4, 2012.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.