From Micro-Oriented to Environment-Oriented: Designing a Four-Part Qualitative Model of Moral Capital in State-Owned Corporate Banking
Keywords:
public sector, corporate banking , ethical capital, EthicsAbstract
Moral capital in corporate banking refers to a reserve of trust, honesty, and responsibility that a bank builds in its long-term relationships with large corporations (corporate clients). The main objective of the present study is to design a qualitative model of moral capital in corporate banking within the public sector. This study employed a qualitative research design, using content analysis to address the research question. The statistical population consisted of management experts who had conducted research on moral capital and had professional experience in the banking sector. A snowball sampling method was used, through which 15 participants were interviewed, with data saturation reached at the 13th interview. Data were collected through semi-structured open interviews. Cohen's kappa coefficient was used to assess the validity of the model. The findings revealed that moral capital in corporate banking comprises 4 selective codes, 15 axial codes, and 75 open codes. Moral capital in corporate banking consists of four dimensions: relationship-oriented capital (four components), environment-oriented capital (three components), organization-oriented capital (four components), and micro-oriented capital (three components). Moral capital in corporate banking is essential for fostering trust, transparency, and ethical behavior in state-owned banking. This study concludes that integrating moral capital into corporate banking practices strengthens relationships with stakeholders, enhances sustainable business models, and reduces the risks associated with unethical behavior.
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Copyright (c) 2025 Hamed Salimzadeh (Author); Mohammad Javad Taghipourian; Behzad Farrokh Seresht, Javad Gilanipour (Author)
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