Search results for "osuuspankit"
showing 5 items of 5 documents
Osuustoiminnallisen organisaation kehityksen kytkeytyminen suomalaisen hyvinvointiyhteiskunnan kehitykseen vastuullisuusnäkökulmasta : tapaus OP Ryhmä
2022
Yritysten ja yhteiskunnan välinen suhde on monitahoinen ilmiö, jota voidaan lähestyä lukuisista näkökulmista. Yritykset ovat erottamaton osa yhteiskuntaa, eivät siitä erillisiä. Tässä artikkelissa tarkastelemme suomalaisittain merkittävän osuustoiminnallisen organisaation kehityksen kytkeytymistä hyvinvointiyhteiskunnan kehitykseen vastuullisuuden näkökulmasta. Vastuullisuus sateenvarjokäsitteenä kattaa usein synonyymisesti käytetyt yhteiskuntavastuun ja yritysvastuun käsitteet. Tarkastelumme kohteena on suomalainen osuuskuntamuotoinen finanssialan pankkiorganisaatio, OP Ryhmä. Osuuskuntamuotoisen organisaation on arvopohjansa perusteella lunastettava useita vastuullisuuteen liittyviä odotu…
Institutionalization of Strategy and Management Accounting Change in a Cooperative Bank
2019
In this longitudinal case study, a cooperative bank’s strategy, related performance management changes, institutionalization processes, and change drivers are studied. Old institutional economics is used in explaining how organizational routines and rules change and become taken for granted. However, there are several internal and external drivers of change in the banking sector, including organizational culture and values, EU regulation, digitalization as well as communicational gaps and power relations among organizational levels affecting the success of the change process. Results indicate that in the case bank, operating in a highly institutionalized and regulated environment, not many …
Efficiency vs. values : Institutional logics, situated rationality, and performance measurement in a cooperative bank
2023
This qualitative case study explores how situated rationality is achieved and maintained between two coexisting institutional logics, ‘global’ financial efficiency and ‘local’ customer-owners, around a performance measurement system in a large cooperative bank. We focus especially on the relationship between financial performance measures and softer, cooperative and communal organisational values. The results highlight that communal values may be effectively used to smooth and manage managerial contradictions; thus, situated rationality for operations can be achieved and maintained. This may also explain the resilience and success of communal values and cooperatively formed organisations in…
Keep the faith in banking : New evidence for the effects of negative interest rates based on the case of Finnish cooperative banks
2021
This paper analyses the profitability of Finnish cooperative banks during the period of negative nominal interest rates. Contrary to expectations, the continuous decline in money market interest rates between 2009 and 2014, and the following negative rate era, did not have adverse effects on the profitability of banks at the beginning of negative interest rate period. Based on especially using a risk-adjusted measure for bank profitability, these results contrast with previous findings. In our findings, the increasing wholesale funding (WSF) ratio seems to be an important factor. However, after 2017 the banks have not been able to improve especially their risk-adjusted profitability so stro…
From vernacular accounting to standardized PMS : Logic multiplicity in a cooperative bank
2023
In this chapter we analyze how local member banks shifted from local, vernacular, accounting, and performance measurement systems to centralized and standardized performance measurement systems in a cooperative bank organization. The member banks reduced the use of vernacular accounting systems (VAS) to achieve greater cost-efficiency and to meet regulation requirements, but they still maintained their strong local logics beside the cooperative unity logic, with only minimal or moderate conflict. We suggest that the power of individual actors, i.e., CEOs, affected the balance of these logics, and the way performance measurement (PM) targets were chosen at the local level from the standardiz…