Economic and Ethical Aspects of Shaping Competitive Strategies in the Banking Sector

Abstract

To succeed in the marketplace, companies must adopt competitive strategies. Economic, as well as ethical aspects of competitive strategies, are of great importance. A lack of healthy competition leads to difficult problems in economic life, especially in the banking sector. The most irresponsible competitive strategies have the potential to make the highest return. However, risky financial decisions usually resulted in banking crises. They were frequently resolved through bailouts at the taxpayer’s expense and contributed to moral hazard.The “Annales. Ethics in Economic Life” is affiliated and co-financed by the Faculty of Economics and Sociology of the University of Lodz