Social Responsibility Leadership in the Banking Sector in Times of Pandemic

Elizabeth Mayuri-Ramos, Pamela Liset Villanueva-Vasquez, Yuri Vanessa Conde-Beltran, Franklin Cordova-Buiza

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The present work is a research on social responsibility in the financial sector, considering that social responsibility has achieved great notoriety since the end of the last century, both in the business, academic and social fields, basically due to the Internet, the globalization of the economy and policies increasingly focused on the interests of individuals involved with the companies, considering that the banking sector had to implement and reinforce fundamental aspects to survive the pandemic. The objective of this study is to determine the corporate social responsibility initiatives within the financial sector, to analyse the strategies implemented to provide timely responses to the economic reactivation in the face of the pandemic and to determine the main strategies and approaches of the financial system in the scientific literature between 2020-2023. The methodology applied is the research of scientific articles in recognized databases such as ScienceDirect, Scopus and Web of Science, where we found 25 research studies included for this systematic review of which we will see the 14 countries where the information was collected. In all the countries the economies suffered significant devastation and during this period they tried to adapt to new experiences to survive the pandemic and have profitability, as part of the affectation was the economic growth, unemployment, the closing of several companies, the economic activities slowed down, the expenses in elements of health services and protection increased, among others, besides the greater collaboration was sought between the governments and the banking institutions to put in practice measures of economic support, then it is concluded that financial institutions managed to change consumer priorities by adapting to digital technology ensuring that transactions are safe and reliable in order to avoid contagions and crowds, digitized financial services have the benefit of reaching millions of people and businesses, most research recommended that the financial system keep constant track of the prospects for improvement of economic activity and monitor the evolution of its customers and partners.

Original languageEnglish
Title of host publicationProceedings of the 19th European Conference on Management Leadership and Governance, ECMLG 2023
EditorsMartin Rich
PublisherAcademic Conferences and Publishing International Limited
Pages278-285
Number of pages8
ISBN (Electronic)9781914587924
StatePublished - 2023
Event19th European Conference on Management Leadership and Governance, ECMLG 2023 - London, United Kingdom
Duration: 23 Nov 202324 Nov 2023

Publication series

NameProceedings of the European Conference on Management, Leadership and Governance
Volume2023-November
ISSN (Print)2048-9021
ISSN (Electronic)2048-903X

Conference

Conference19th European Conference on Management Leadership and Governance, ECMLG 2023
Country/TerritoryUnited Kingdom
CityLondon
Period23/11/2324/11/23

Keywords

  • Corporate governance
  • Economies
  • Financial sector
  • Systematic review

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