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A Comparative Analysis of the Corporate Ideologies of Banks Operating in the Republic of Croatia Cover

A Comparative Analysis of the Corporate Ideologies of Banks Operating in the Republic of Croatia

Open Access
|Jun 2023

Abstract

Research background

Corporate ideology is perceived as a set of fundamental beliefs held by company members about how the company and its members should behave in relation to one another and the outside world. In this paper, corporate ideology is treated as the basis for creating an organization’s identity and as an extremely important factor in its success.

Purpose

The aim of this paper is to analyze the corporate ideologies of banks operating in the Republic of Croatia, to classify different ideologies, and finally, to determine what kind of identity the surveyed banks communicate through their corporate ideologies.

Research methodology

A comparative and content analysis are applied as qualitative methods of research of an interpretative character.

Results

The corporate ideologies of two of the analyzed banks (ZABA and Erste) are described as social institutionalism, and PBZ’s ideology is labeled as social corporatism. Detected corporate ideologies do not serve to build the authenticity of banks’ identities.

Novelty

The main novelty of this research is in the methodology of reaching corporate ideologies. Unlike previous works on corporate ideology, in this paper public messages communicated in (digital) media were the main sources for the analysis of an organization’s core values and ideologies resulting from it. Also, a simple framework for the possible classification of different corporate ideologies was provided.

DOI: https://doi.org/10.2478/foli-2023-0007 | Journal eISSN: 1898-0198 | Journal ISSN: 1730-4237
Language: English
Page range: 124 - 143
Submitted on: Nov 28, 2022
Accepted on: Mar 24, 2023
Published on: Jun 9, 2023
Published by: University of Szczecin
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2023 Stjepan Lacković, Marina Baralić, Mateja Šporčić, published by University of Szczecin
This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 License.