The Icelandic Banking Crisis: A Reason to Rethink CSR?

In the fall of 2008, the three largest banks in Iceland collapsed, with severe and lasting consequences for the Icelandic economy. This article discusses the ‘Icelandic banking crisis’ in relation to the notion of corporate social responsibility (CSR). It explores some conceptual arguments for the p...

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Bibliographic Details
Main Author: David Sigurthorsson
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Iceland
Online Access:http://hdl.handle.net/10.1007/s10551-012-1207-8
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spelling ftrepec:oai:RePEc:kap:jbuset:v:111:y:2012:i:2:p:147-156 2024-04-14T08:13:40+00:00 The Icelandic Banking Crisis: A Reason to Rethink CSR? David Sigurthorsson http://hdl.handle.net/10.1007/s10551-012-1207-8 unknown http://hdl.handle.net/10.1007/s10551-012-1207-8 article ftrepec 2024-03-19T10:34:15Z In the fall of 2008, the three largest banks in Iceland collapsed, with severe and lasting consequences for the Icelandic economy. This article discusses the ‘Icelandic banking crisis’ in relation to the notion of corporate social responsibility (CSR). It explores some conceptual arguments for the position that the Icelandic banking crisis illustrates the broad problem of the indeterminacy of the scope and content of the duties that CSR is supposed to address. In particular, it is suggested that the way the banks in question conceived of CSR, i.e. largely in terms of strategic philanthropy, was gravely inadequate. It concludes by proposing that the case of the Icelandic banking crisis gives us a reason to rethink CSR. Copyright Springer Science+Business Media B.V. 2012 CSR, Strategic philanthropy, Icelandic banking crisis, Public policy, PR Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description In the fall of 2008, the three largest banks in Iceland collapsed, with severe and lasting consequences for the Icelandic economy. This article discusses the ‘Icelandic banking crisis’ in relation to the notion of corporate social responsibility (CSR). It explores some conceptual arguments for the position that the Icelandic banking crisis illustrates the broad problem of the indeterminacy of the scope and content of the duties that CSR is supposed to address. In particular, it is suggested that the way the banks in question conceived of CSR, i.e. largely in terms of strategic philanthropy, was gravely inadequate. It concludes by proposing that the case of the Icelandic banking crisis gives us a reason to rethink CSR. Copyright Springer Science+Business Media B.V. 2012 CSR, Strategic philanthropy, Icelandic banking crisis, Public policy, PR
format Article in Journal/Newspaper
author David Sigurthorsson
spellingShingle David Sigurthorsson
The Icelandic Banking Crisis: A Reason to Rethink CSR?
author_facet David Sigurthorsson
author_sort David Sigurthorsson
title The Icelandic Banking Crisis: A Reason to Rethink CSR?
title_short The Icelandic Banking Crisis: A Reason to Rethink CSR?
title_full The Icelandic Banking Crisis: A Reason to Rethink CSR?
title_fullStr The Icelandic Banking Crisis: A Reason to Rethink CSR?
title_full_unstemmed The Icelandic Banking Crisis: A Reason to Rethink CSR?
title_sort icelandic banking crisis: a reason to rethink csr?
url http://hdl.handle.net/10.1007/s10551-012-1207-8
genre Iceland
genre_facet Iceland
op_relation http://hdl.handle.net/10.1007/s10551-012-1207-8
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