Within this essay, I describe social learning theory, its benefits, and then propose how it can be applied among executive leadership within the banking industry to mitigate unethical conduct within the banking industry. In order to explain how social learning theory can be applied, I examine the economic and ethical environment which prevailed in major U.S. banks leading up to and during the financial crisis of 2007-2009. I present a theoretical model which depicts the unethical conduct of banks as a direct contributor to the 2007-2009 financial crisis. The model portrays bank leadership as moderator of the relationship between banks’ unethical conduct and the financial crisis of 2007-2009. Further, I discuss the benefits of social learning theory and propose that the positive application of social learning theory by banks’ executive leadership teams could have promoted ethical conduct within the banking industry and lessened the impact of the crisis. Moreover, I propose that the positive application of social learning theory can reduce the propensity for future crises within the banking industry.
{"title":"The Need for Executive Management to Positively Apply Social Learning Theory within the Banking Industry","authors":"S. McCrary","doi":"10.2139/ssrn.2676370","DOIUrl":"https://doi.org/10.2139/ssrn.2676370","url":null,"abstract":"Within this essay, I describe social learning theory, its benefits, and then propose how it can be applied among executive leadership within the banking industry to mitigate unethical conduct within the banking industry. In order to explain how social learning theory can be applied, I examine the economic and ethical environment which prevailed in major U.S. banks leading up to and during the financial crisis of 2007-2009. I present a theoretical model which depicts the unethical conduct of banks as a direct contributor to the 2007-2009 financial crisis. The model portrays bank leadership as moderator of the relationship between banks’ unethical conduct and the financial crisis of 2007-2009. Further, I discuss the benefits of social learning theory and propose that the positive application of social learning theory by banks’ executive leadership teams could have promoted ethical conduct within the banking industry and lessened the impact of the crisis. Moreover, I propose that the positive application of social learning theory can reduce the propensity for future crises within the banking industry.","PeriodicalId":433189,"journal":{"name":"The Fifth International Conference on Engaged Management Scholarship (Archive)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114841760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this study the key strategies of managing liquidity risk in the aftermath of the financial crisis are examined and it’s concluded that the key strategies that could be implemented to mitigate liquidity risk include need to consolidate smaller banks, increase capitalization to banks and increase banks supervision per Basel III requirements. An additional conclusion is that results from studies conducted to ascertain the effectiveness of the reforms and policies to manage liquidity risk after the financial crisis appear to indicate that the strategies have had positive impacts. Finally it may be difficult for developing countries to implement Basel III requirements.
{"title":"Strategies Aimed at Mitigating Liquidity Risk in the Aftermath of the Recent Financial Crisis","authors":"Johnson Owusu-Amoako","doi":"10.2139/ssrn.2676217","DOIUrl":"https://doi.org/10.2139/ssrn.2676217","url":null,"abstract":"In this study the key strategies of managing liquidity risk in the aftermath of the financial crisis are examined and it’s concluded that the key strategies that could be implemented to mitigate liquidity risk include need to consolidate smaller banks, increase capitalization to banks and increase banks supervision per Basel III requirements. An additional conclusion is that results from studies conducted to ascertain the effectiveness of the reforms and policies to manage liquidity risk after the financial crisis appear to indicate that the strategies have had positive impacts. Finally it may be difficult for developing countries to implement Basel III requirements.","PeriodicalId":433189,"journal":{"name":"The Fifth International Conference on Engaged Management Scholarship (Archive)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125165949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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