The relevance of public driven banks for the sustainable realisation of social and economic policy objectives: Evidence from the European Investment Bank and the European Union

Sanders, Tobias A (2013) The relevance of public driven banks for the sustainable realisation of social and economic policy objectives: Evidence from the European Investment Bank and the European Union. Masters thesis, University of Gloucestershire.

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Abstract

There are diverging opinions about public banking and there relevance for the financing of economic growth. In this explorative research project the question about EU’s expectations of the EIB and the effectiveness of the EIB in meeting these expectations is central. The main sources of this research project are secondary data about the EIB and the European Union as well as the “honourable merchant”. To answer the question about the effectiveness of the EIB, the bank’s field of activity was contextualised with the “Europe 2020 strategy”. One key finding is that the relevance of public banks, such as the EIB, is underestimated. Especially the ability to provide long- term capital for large- scale investments with a low rate of return, shows that the public banks and its financial tools are essential for the economic development. Furthermore, the second research question analyses the ethical position of the EIB as a public bank. This analysis is based on the hypothesis that this type of bank is acting more ethically as the strategic alignment is not based on the shareholder value approach. In this research project, the ethical stance of the bank was analysed by using the concept of the “honourable merchant”. The research project comes to the conclusion that public banks can invest more ethically because competition is not forcing the bank to maximise the rate of return.

Item Type: Thesis (Masters)
Thesis Advisors:
Thesis AdvisorEmailURL
Laurence, Johnjlaurence@glos.ac.ukUNSPECIFIED
Trezise, Edwardetrezise@glos.ac.ukUNSPECIFIED
Uncontrolled Keywords: Public Banks, Private Banks, European Investment Bank, Europe, Europe 2020 strategy, Honourable Merchant
Subjects: H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Faculty of Business, Computing and Applied Sciences > Business School > Business and Human Resource Management
Depositing User: Susan Turner
Date Deposited: 12 May 2015 16:24
Last Modified: 14 Feb 2017 12:07
URI: http://eprints.glos.ac.uk/id/eprint/2261

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